IPO Details

About Company

Fascinate Textiles Ltd., incorporated in 2010, is a prominent player in the Indian textile industry, specializing in the manufacturing and supply of a diverse range of fabrics and garments. The company operates under the umbrella of the Fascinate Group, which has a rich heritage in textile manufacturing. Fascinate Textiles boasts an extensive product portfolio that includes cotton, polyester, and blended fabrics, catering to both domestic and international markets. With state-of-the-art manufacturing facilities located in Tamil Nadu, the company has a robust production capacity that enables it to meet the growing demand for high-quality textiles. Its geographic presence spans across major cities in India and several export markets, facilitated by a well-established distribution network comprising wholesalers, retailers, and online platforms. In the latest financial year, Fascinate Textiles reported a total income of INR 500 crore, with a net profit of INR 50 crore, reflecting an EBITDA margin of 15%. The company has demonstrated strong financial metrics with a Return on Capital Employed (ROCE) of 12%, Return on Equity (ROE) of 10%, and a manageable Debt-Equity ratio of 0.5. The objectives of the upcoming IPO include funding expansion initiatives, enhancing manufacturing capabilities, and addressing debt repayment. Post-issue, the market capitalization is expected to reach INR 1,200 crore, with an Earnings Per Share (EPS) of INR 10 and a Price-to-Earnings (P/E) ratio of 12. Investor sentiment appears positive, driven by the company's growth potential and strong fundamentals, indicating a favorable response to the IPO in the market.