The Fascinate Textiles IPO also opens today, August 11, and will remain open until August 13. The SME issue has a price band of Rs. 148–156 per share and is looking to raise around Rs. 66.98 cr.
The offering comes amid strong activity in India’s SME primary market. Investors will be assessing the company’s financial performance, valuation, customer base and plans for deploying the IPO proceeds. The issue’s grey-market premium may attract attention during subscription, although such unofficial indicators should not be treated as a guarantee of listing gains.
