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Fractal Industries IPO (SME) — Listing Price Estimate

Business Snapshot
Fractal Industries operates in garment manufacturing and integrated e-commerce supply chain services, working with major online platforms like Myntra, Ajio and Flipkart. The company’s PPMP model and logistics integration support scalability, but working capital intensity remains a key factor.

GMP Trend vs Issue Price
The current Grey Market Premium stands at Rs. 0 against the upper price band of Rs. 216, indicating lack of speculative momentum ahead of listing. Flat GMP typically reflects cautious sentiment and limited listing gain expectations.

Market Undertone
The broader SME segment is witnessing a weak undertone amid volatile secondary markets and selective risk-off behaviour. Recent listings without strong GMP support have struggled to sustain premium valuations.

Subscription Trend
The IPO received moderate overall subscription of around 5.44x, with QIB participation relatively stronger than retail demand. While institutional interest provides some stability, retail enthusiasm appears measured rather than aggressive.

Expected Listing Price Range
Considering zero GMP, cautious market sentiment and balanced subscription levels, the stock is likely to list around Rs. 205 – Rs. 215, with a higher probability of a discount or flat listing near the issue price band. Short-term volatility may remain elevated post listing.

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Disclaimer

This IPO coverage is for informational and educational purposes only. Chanakya Ni Pothi does not recommend investments based on GMP data. Investors should read the RHP carefully and consult a SEBI-registered investment advisor before investing.

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