Fascinate Textiles Files DRHP for NSE Emerge IPO; Plans Fresh Issue of 34.58 Lakh Shares and OFS of 8.36 Lakh

Kolkata | October 1, 2025 – Fascinate Textiles Limited has filed a DRHP (Draft Red Herring Prospectus) for its upcoming IPO consisting to 34.58 lakh shares and an OFS (offer for sale) of up to 8.36 lakh shares. The total public offer is of 42.94 lakh shares (face value of ₹10 each). The price band and the exact issue size has not yet been announced by the company.

Fascinate Textiles IPO Snapshot

The IPO is a 100% Book Built Issue with a total size of up to 42.94 lakh shares, comprising a fresh issue of 34.58 lakh shares and an offer for sale (OFS) of 8.36 lakh shares by promoter group member Neetu Nahar. The issue carries a face value of ₹10 per share, while the price band and opening/closing dates are yet to be announced. The shares will be listed on the NSE Emerge (SME Platform). Affinity Global Capital Market Pvt Ltd is the BRLM, and Cameo Corporate Services Ltd is the registrar.

Company Profile

The company was incorporated in 2017 and was recently converted into a public company. The company manufactures readymade garments including menswear, womenswear and kidswear with a major focus on children’s apprel. The company operates from Barasat, West Bengal and is ISO 9001:2015 certified having retailer and wholesalers across the country.

Fascinate Textiles IPO Offer Details & Objects

The company will use the IPO proceeds for setting up a new production facility (around ₹1240.42 lakhs); working capital requirements (₹1903.02 lakhs) and repayment of debt up to ₹267.77 lakhs. The remaining amount shall be used for general and corporate purposes. Post-issue, the company’s equity share capital will increase from 1.03 crore shares to 1.37 crore shares.

Fascinate Textiles IPO Financial Performance (Restated)

The company showcased exceptional financial growth in FY25. Total revenue surged 2.1x to ₹6,027.68 lakh from ₹2,889.59 lakh in FY24. EBITDA jumped nearly sixfold to ₹1,001.13 lakh, reflecting improved operational efficiency. Profit after tax rose sharply to ₹581.11 lakh versus ₹47.78 lakh in FY24, signaling strong profitability momentum. Net worth more than doubled to ₹1,044.54 lakh, while EPS skyrocketed to ₹41.32, compared to just ₹3.40 a year earlier. Overall, FY25 marked a robust turnaround with significant revenue and profit expansion.

Fascinate Textiles IPO Key Factors to Watch

The company aims to increase its production capacity through the proceeds and the working capital situation will also be improved as a major sum from the IPO proceeds shall be used for this. The investors should be concerned that a major share of the revenues come from a few top customers, which can be a customer concentration risk. Shares will be listed on NSE Emerge with applicable SME market-making norms.

Fascinate Textiles IPO Promoter & Management

• Promoters: Vishal Nahar, Chirag Ahuja, Rishabh Nahar, Narinder Kumar Ahuja, and Vishal Nahar HUF.
• OFS Seller: Neetu Nahar (Promoter Group).

Fascinate Textiles IPO Lead Manager & Registrar

• Book Running Lead Manager: Affinity Global Capital Market Pvt Ltd
• Registrar to the Issue: Cameo Corporate Services Ltd

Fascinate Textiles’ IPO combines a sizeable fresh issue to fund expansion and working capital with a moderate OFS component. Investors will watch for upcoming announcements on price band, subscription dates, and allotment timelines.

REF: https://nsearchives.nseindia.com/emerge/corporates/content/Registration_26092025202627_DRHP.pdf

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