Fractal Analytics IPO, a book-built mainboard issue, will raise ₹2,833.90 crore, with 1,13,72,222 Fresh Equity Shares of ₹1,023.50 crore and 2,01,15,555 Equity Shares as offer-for-sale worth ₹1,810.40 crore, at face value ₹1/share.
Fractal Analytics IPO will start its bidding on 9 February 2026 and close on 11 February 2026. Fractal Analytics Limited decided to allot its shares on 12 February 2026 and list on BSE and NSE, as of 16 February 2026.
Fractal Analytics IPO shares price band is ₹857/share – ₹900/share. The IPO lot size is 16 shares/lot, and the retail investors need to bid for 1 lot, which keeps the minimum retail investment at ₹14,400 (at the upper price band).
Fractal Analytics IPO: Details
| IPO Opens | 9 February 2026 |
| IPO Closes | 11 February 2026 |
| Face value | ₹1/share |
| Price Band | ₹857 to ₹900/share |
| Issue price | – |
| IPO Lot Size | 16 shares/lot |
| Offer for sale | 2,01,15,555 Equity Share (₹1,810.40 crore) |
| Fresh issue | 1,13,72,222 Equity Shares (₹1,023.50 crore) |
| Issue Type | Book-built |
| Listing | BSE, NSE |
| Total Issue Size (₹ Crore) | ₹2,833.90 Crore (3,14,87,777 Equity Shares) |
| Minimum Retail Investment | ₹14,400 (16 shares/lot) |
Fractal Analytics IPO Timeline
| Bid Opening Date | 9 February 2026 |
| Bid Closing Date | 11 February 2026 |
| Allotment | 12 February 2026 |
| Refunds Initiated | 13 February 2026 |
| Share Credit Date | 13 February 2026 |
| Listing Date | 16 February 2026 |
| UPI mandate Cut-off time | 11 February 2026 (5 PM) |
Fractal Analytics Key Performance Indicators (KPIs)
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | – | – | – |
| ROCE (%) | – | – | – |
| Debt-Equity Ratio (in times) | – | – | – |
| RoNW (%) | 12.6 | -3.9 | 14.5 |
| PAT Margin (%) | 8 | -2.5 | 9.8 |
| EBITDA Margin (%) | 14.4 | 4.4 | 22 |
| Price-Book Value | – | – | – |
Fractal Analytics Limited: Financial Information
| 2025 (in ₹ crore) | 2024 (in ₹ crore) | 2023 (in ₹ crore) | |
| Revenue | 2,765.40 | 2,196.30 | 1,985.40 |
| Assets | 2,857.60 | 2,392.00 | 2,248.70 |
| Profit After Tax | 220.60 | (54.70) | 194.40 |
Subscription Status: Fractal Analytics IPO
The Fractal Analytics IPO subscription details are unavailable right now.
You can check here once the IPO opens.
Subscription starts from 10:00 AM and continues till 5:00 PM on issue dates.
Fractal Analytics IPO GMP
The GMP of the Fractal Analytics IPO, as of 5 February 2026, stands at ₹85. The listing is expected at ₹985, which is above the upper band. This moves the anticipated gain to 9.44%.
The GMP movement in the IPO is currently downward and it is further expected to drop. Keep checking to know the latest updates!
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 5 February 2026 | ₹85 | ₹985 | ₹1,360 (9.44%) | 🔽Down |
| 4 February 2026 | ₹105 | ₹1,005 | ₹1,680 (11.67%) | 🔽Down |
| 3 February 2026 | ₹180 | – | ₹0 (0.00%) | – |
Note: GMP values are unofficial, and will change with varying market sentiment, activity, and subscription level.
Fractal Analytics IPO Reservation
Check the Fractal Analytics IPO reservation here!
| Category | Shares offered |
| QIBs | Minimum 75% |
| Retail Investors | Maximum 10% |
| NII shares offered (HNI) | Maximum 15% |
| Total | 100% |
Fractal Analytics IPO Lot Size
The Fractal Analytics IPO of 16 shares/lot. Check to know bidding requirements based on the investor category!
| Application | Lot Size | Shares | Amount(in ₹) |
| Retail Investors Minimum Application | 1 | 16 | ₹14,400 |
| Retail Investors Maximum Application | 13 | 208 | ₹1,87,200 |
| S-HNI Minimum Application | 14 | 224 | ₹2,01,600 |
| S-HNI Maximum Application | 69 | 1,104 | ₹9,93,600 |
| B-HNI Minimum Application | 70 | 1,120 | ₹10,08,000 |
Fractal Analytics IPO: Anchor Investors Details
| Bidding Opens On | 6 February 2026 |
| Shares to be Offered | – |
| Issue Size | – |
| 30 days lock-in expiry date (50% of shares) | March 2026 |
| 90 days lock-in expiry date (Remaining shares) | May 2026 |
Fractal Analytics IPO Prospectus
| Fractal Analytics IPO DRHP(Doc) | |
| Fractal Analytics IPO RHP(Doc) | |
| Fractal Analytics IPO Anchor Investors | – |
| Fractal Analytics IPO Final Prospectus | – |
About Fractal Analytics Limited
Fractal Analytics Limited, incorporated on 28 March 2000, is a global enterprise artificial intelligence and analytics company, and Rohan Haldea serves as the company’s Chairman and Non-Executive Director.
The company works with large international enterprises, providing analytics-led insights and technology solutions that help improve business decisions and strategic outcomes. The company operates through two primary segments: Fractal.ai, which covers AI services and technology products that are delivered through the Cogentiq platform, and Fractal Alpha, which comprises AI-led business ventures.
| Book Running Lead Managers (BRLM) | Kotak Mahindra Capital Company Ltd., Morgan Stanley India Company Pvt. Ltd., Axis Capital Ltd., Goldman Sachs (India) Securities Pvt. Ltd. |
| IPO Registrar | MUFG Intime India Pvt. Ltd. |
Objectives of Fractal Analytics
| Particulars | Amount (in ₹ crore) |
| Investment in company’s subsidiaries | 264.90 |
| Purchase of laptops | 57.10 |
| Setting-up new offices | 121.10 |
| Investment in R&D and sales & marketing | 355.10 |
| Funding for acquisitions and other strategies, and corporate requirements | – |
Strengths Of Fractal Analytics
- Leading position in enterprise AI: The company is regarded as one of India’s prominent pure-play enterprise data, analytics, and artificial intelligence firms.
- Global client relationships: The company maintains long-standing partnerships with marquee international clients, which support a diversified and stable revenue base.
- Integrated technical and domain expertise: The company delivers end-to-end AI solutions by combining deep technical, industry, and functional knowledge built over 25+ years.
- Proven innovation track record: The company consistently invests in R&D and strategic acquisitions to expand capabilities and stay aligned with evolving AI trends.
Risks of Fractal Analytics
- Cybersecurity risk: The company is exposed to cyber-attacks, data breaches, or system vulnerabilities that may lead to financial losses, legal liabilities, and reputational damage.
- Client concentration risk: The company draws a significant share of revenue from a limited set of large clients, making revenue sensitive to client retention.
- Profitability risk: The company has reported net losses in recent financial years, and there is no certainty of sustained profitability as operations scale.
- Execution risk: The company’s delays or underperformance in delivering AI solutions may lead to contractual disputes, cost overruns, and potential loss of client trust.
Fractal Analytics IPO Review
Fractal Analytics operates in a fast-growing enterprise AI segment with a strong global client base and improving revenue scale. Its margins recovered in FY25 after volatility in FY24, which indicates operating leverage but also earnings variability.
The Fractal Analytics IPO’s large offer-for-sale component suggests partial promoter and investor exit. At the upper price band, the valuation of the IPO shares appears to be demanding compared to the company’s profitability trends. Therefore, the IPO might be suitable for investors wanting exposure to enterprise AI with moderate risk tolerance.
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Fractal Analytics IPO FAQs
The Fractal Analytics IPO is a book-built mainboard issue aggregating ₹2,833.90 crore through a fresh issue of ₹1,023.50 crore and an offer-for-sale of ₹1,810.40 crore. The equity shares are proposed to be listed on BSE and NSE.
Investors can apply for the Fractal Analytics IPO through the ASBA facility via their bank account or through a registered stockbroker platform using UPI. Retail investors need to apply for a minimum of one lot consisting of 16 shares.
Fractal Analytics Limited operates in a high-growth AI segment with strong global positioning. However, earnings volatility and a sizable offer-for-sale component warrant careful evaluation. Investment suitability depends on valuation comfort and risk appetite.
Based on recent GMP indications, the market is signalling potential listing interest for the Fractal Analytics IPO, though the GMP is dropping. The actual returns will depend on subscription demand, final pricing, and broader market conditions at the time of listing.
The Fractal Analytics IPO will open for subscription on 9 February 2026 and close on 11 February 2026. Bidding will remain open between 10:00 AM and 5:00 PM during the issue period.
The Fractal Analytics IPO lot size is 16 shares, and the retail investors are required to apply for a minimum of 1 lot. At the upper price band of ₹900 per share, the minimum investment amounts to ₹14,400.
The Fractal Analytics IPO allotment is expected to be finalised on 12 February 2026. Refunds and credits of shares to demat accounts are scheduled for 13 February 2026.
The shares of Fractal Analytics Limited are proposed to be listed on BSE and NSE on 16 February 2026, subject to completion of regulatory formalities.
