Fractal Analytics IPO open date is February 9, 2026 and the IPO will close on February 11, 2026. The basis of allotment is expected on February 12, 2026 and the shares are proposed to be listed on BSE and NSE on February 16, 2026.
The IPO is a book built issue with a price band of ₹857 to ₹900 per share. The company plans to raise around ₹2,833.9 crores through this public issue.
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Fractal Analytics IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | February 9, 2026 |
| IPO Close Date | February 11, 2026 |
| Face Value | ₹1 per equity share |
| IPO Price Band | ₹857 to ₹900 per share |
| Issue Size | Approx ₹2,833.9 crores |
| Fresh Issue | Approx ₹1,023.5 crores |
| Offer for Sale | Approx 2,01,15,555 equity shares |
| Issue Type | Book build issue |
| IPO Listing | BSE, NSE |
| Employee Discount | ₹85 per share |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Fractal Analytics IPO
Open: 9-11 Feb
Issue Size: ₹2,833.9 Cr.
Objective: Fund global growth, repay debt, boost R&D and expand AI product pipeline
Exchange: NSE BSE
Fractal Analytics IPO Review
The review of the Fractal Analytics IPO is May Apply. The company has demonstrated a sharp recovery in profitability during FY2025 after reporting losses in FY2024, supported by strong growth in enterprise AI and analytics demand. Its global client base, diversified industry exposure and established delivery capabilities position it well in the expanding data and artificial intelligence services market.
However, the business remains sensitive to global IT spending cycles and client technology budgets. The issue includes a sizeable offer for sale, while the fresh issue is mainly focused on future growth initiatives. Long-term investors may consider the IPO with a focus on execution consistency and margin sustainability.
Fractal Analytics IPO Market Lot
The Fractal Analytics IPO minimum market lot is 16 shares with a ₹14,000 application amount. Retail investors can apply up to 13 lots with 208 shares for ₹1,87,200.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 16 | ₹14,000 |
| Retail Maximum | 13 | 208 | ₹1,87,200 |
| S-HNI Minimum | 14 | 224 | ₹2,01,600 |
| S-HNI Maximum | 69 | 1,104 | ₹9,93,600 |
| B-HNI Minimum | 70 | 1,120 | ₹10,08,000 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 13,869,499 shares | -% |
| QIB (Ex. Anchor) | – shares | 75% |
| NII shares offered | – shares | 15% |
| Retail shares offered | – shares | 10% |
Fractal Analytics IPO Anchor Investors
| Particular | Details |
|---|---|
| Anchor bidding date | February 6, 2026 |
| Anchor investors list | View PDF |
| Shares offered | 13,869,499 shares |
| Anchor size | 1,248.25 Cr. |
| Lock-in period end date for 50% shares (30 days) | March 14, 2026 |
| Lock-in period end date for 50% shares (90 days) | May 13, 2026 |
Fractal Analytics IPO Dates
| Event | Date |
|---|---|
| IPO open date | February 9, 2026 |
| IPO close date | February 11, 2026 |
| Basis of allotment | February 12, 2026 |
| Refunds | February 13, 2026 |
| Credit to demat account | February 13, 2026 |
| IPO listing date | February 16, 2026 |
| IPO bidding cut-off time | February 11, 2026 – 5 PM |
Promoters and holding pattern
The promoters of the company are Srikanth Velamakanni, Pranay Agrawal, Chetana Kumar, Narendra Kumar Agrawal and Rupa Krishnan Agrawal.
| Particular | Shares | % Share |
|---|---|---|
| Promoter holding pre issue | 16,05,56,718 | 18.19% |
| Promoter holding post issue | 17,19,28,940 | -% |
Objects of the issue
The company proposes to utilise the net proceeds for investment in its subsidiary, Fractal USA, towards pre-payment and or scheduled repayment of borrowings amounting to ₹264.90 crores. It also plans to spend ₹57.10 crores towards the purchase of laptops and ₹121.10 crores for setting up new office premises in India.
Further, ₹355.10 crores will be invested in research and development and sales and marketing under the Fractal Alpha business. A portion of the proceeds will also be used for funding inorganic growth through unidentified acquisitions, other strategic initiatives and general corporate purposes.
About Fractal Analytics IPO
Fractal Analytics Ltd. was founded in March 2000 and is a global provider of artificial intelligence and advanced analytics solutions for large enterprises. The company supports organisations in data-led decision making by combining technology, analytics and deep domain knowledge.
Its business is organised into two main segments, Fractal.ai, which delivers AI services and products through its Cogentiq platform, and Fractal Alpha, which operates independent AI-led businesses focused on innovation across industries. As of early 2025, the company has around 4,500 employees and operates across 17 offices globally. Long-standing client relationships, industry expertise and continuous investment in innovation are key strengths of the company.
Fractal Analytics IPO Company Financial Report
Amount in ₹ crores
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | 2,043.70 | 2,225.20 | 194.40 | 2,248.70 |
| 2024 | 2,241.90 | 2,250.60 | 54.70 | 2,392.00 |
| 2025 | 2,816.20 | 2,575.50 | 220.60 | 2,857.60 |
| Sep 2025 | 1,594.30 | 1,446.20 | 70.90 | 2,965.40 |
Fractal Analytics IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA margin | 14.4% |
| PAT margin | 8.0% |
| Debt to equity ratio | – |
| Earnings per share (EPS) | ₹14.49 (Basic) |
| Price to earnings ratio | N/A |
| Return on net worth (RoNW) | 12.6% |
| Net asset value (NAV) | ₹104 |
Peer group comparison
There are no listed companies.
IPO lead managers (merchant bankers)
Kotak Mahindra Capital Co. Ltd.
Axial Capital Pvt. Ltd.
Company address
| Particular | Details |
|---|---|
| Company name | Fractal Analytics Ltd. |
| Address | Level 7, Commerz II, International Business Park, Oberoi Garden City, Off W. E. Highway, Goregaon (E), Mumbai, Maharashtra – 400063 |
| Phone | +91 22 6850 5800 |
| investorrelations@fractal.ai | |
| Website | https://fractal.ai/ |
IPO registrar
| Particular | Details |
|---|---|
| Registrar name | MUFG Intime India Pvt. Ltd. |
| Phone | +91-22-4918 6270 |
| fractal.ipo@in.mpms.mufg.com | |
| Website | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Fractal Analytics IPO FAQs
What is Fractal Analytics IPO?
Fractal Analytics IPO is a mainboard IPO. The company plans to raise ₹2,833.9 crores through the issue. The IPO price band is ₹857 to ₹900 per equity share and the shares will be listed on BSE and NSE.
When will Fractal Analytics IPO open for subscription?
The IPO will open on February 9, 2026 and will close on February 11, 2026 for QIB, NII and retail investors.
What is Fractal Analytics IPO investors’ portion?
The investors’ portion is QIB 75 percent, NII 15 percent and retail 10 percent.
How to apply for Fractal Analytics IPO?
Investors can apply through ASBA using their bank account, through UPI using their stock broker platform or by submitting an offline application through their broker.
What is Fractal Analytics IPO issue size?
The total issue size of Fractal Analytics IPO is approximately ₹2,833.9 crores.
What is Fractal Analytics IPO price band?
The IPO price band is ₹857 to ₹900 per equity share.
What is Fractal Analytics IPO lot size?
The minimum bid size is 16 shares with an application amount of ₹14,000.
What is the Fractal Analytics IPO allotment date?
The basis of allotment is expected to be finalised on February 12, 2026.
What is the Fractal Analytics IPO listing date?
The IPO is scheduled to be listed on February 16, 2026 on BSE and NSE.
Expert comment
Fractal Analytics IPO offers exposure to a global AI and analytics platform that has returned to strong profitability in FY2025 after a challenging year. The company’s diversified client base, technology-led offerings and sustained investment in innovation support its long-term growth outlook.
However, investors should remain mindful of global IT spending cycles, competitive intensity and execution risks linked to large enterprise contracts. For investors seeking long-term participation in the AI and data services theme, this IPO can be considered with a medium to long-term investment horizon.
