Fractal Analytics IPO
Open MainLineCurrent GMP
₹-28 (-3.11%)
Price Band
₹ 857 – 900
Lot Size
16
Issue Size
₹2834 Cr
Minimum Investment
₹14400 (16 Shares)
Listing Date
16 February 2026
Subscription
2.66x
About the Company
Incorporated in March 2000, Fractal Analytics Limited is a global enterprise artificial intelligence (AI) and analytics company focused on enabling smarter, data-driven decision-making for large organizations. With over two decades of experience, Fractal combines advanced AI engineering capabilities with deep domain and functional expertise to deliver scalable, business-impacting solutions.
As of March 31, 2025, Fractal operates through two principal segments:
- Fractal.ai: This segment delivers AI services and products primarily through Fractal’s agentic AI platform, Cogentiq. The platform is designed to accelerate AI product development with integrated tools for governance, security, low-code deployment, and lifecycle management.
- Fractal Alpha: This segment comprises a portfolio of independent, high-growth AI businesses focused on emerging opportunities across industries and geographies, each managed autonomously to foster innovation and scale.
Together, these segments provide end-to-end AI capabilities across multiple industries and enterprise functions.
Fractal serves 113 “Must Win Clients” (MWCs), including leading global enterprises such as Citi, Nestlé, Mars, and Philips. In Fiscal 2025, the company’s top ten clients accounted for 53.8% of Fractal.ai’s revenue, reflecting deep and long-standing client relationships. Its industry presence spans consumer packaged goods and retail (CPGR), technology, media and telecom (TMT), healthcare and life sciences (HLS), and banking, financial services, and insurance (BFSI).
The company is recognized as a leader in AI and analytics by firms such as Everest Group and Forrester. Fractal has developed proprietary foundation models including Kalaido.ai, Vaidya.ai, and Fathom-R1-14B, and has driven advanced research initiatives such as Project Ramanujan. With over 24 granted patents and 41 patent applications, Fractal maintains a strong emphasis on innovation and intellectual property.
As of early 2025, Fractal employs more than 4,500 professionals across 17 global offices. Its competitive strengths include leadership in a rapidly expanding AI market, deep technical and domain expertise, a proven innovation track record, a culture of transparency and trust, and a founder-led management team committed to long-term value creation. The company reports a Net Promoter Score (NPS) of 77 and holds “Great Place to Work” certifications across seven countries.
Promoters
- Srikanth Velamakanni
- Pranay Agrawal
- Chetana Kumar
- Narendra Kumar Agrawal
- Rupa Krishnan Agrawal
Promoters Holding
Holding Pre Issue
18.19%
Holding Post Issue
0.00%
Objects of the Issue
The Company Fractal Analytics IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Investment in one of our Subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings
- Purchase of laptops
- Setting-up new office premises in India
- Investment in (a) research and development; and (b) sales and marketing under Fractal Alpha
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes
Address / Contact Info
Fractal Analytics Limited
Level 7, Commerz II,
International Business Park, Oberoi Garden City
Off W. E. Highway, Goregaon (E),
Mumbai, Maharashtra, 400063
Phone: +91 22 6850 5800
Email: investorrelations@fractal.ai
Website: https://fractal.ai/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 09 February 2026
IPO Close Date
Wednesday, 11 February 2026
Basis of Allotment
Thursday, 12 February 2026
Initiation of Refunds
Sunday, 15 February 2026
Credit of Shares to Demat
Sunday, 15 February 2026
Listing Date
Monday, 16 February 2026 — NSE & BSE
Important Dates
Open Date
09 February 2026
Close Date
11 February 2026
Basis Of Allotment
12 February 2026
Listing Date
16 February 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2965.4 | 2857.6 | 2392 | 2248.7 |
| Revenue | 1594.3 | 2816.2 | 2241.9 | 2043.7 |
| Profit After Tax | 70.9 | 220.6 | -54.7 | 194.4 |
| Net Worth | 1957.5 | 1748.3 | 1397 | 1339.2 |
| Reserve & Surplus | 1937.1 | 1728.7 | 1380.5 | 1323.1 |
| Total Borrowings | 274.6 | 266.2 | 250.1 | 325.6 |
EPS Pre
13.74%
EPS Post
8.25%
P/E Pre
65.50
P/E (Post Issue)
109.12x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 0 | 0 | 0 | 0 |
| ROCE % | 0 | 0 | 0 | 0 |
| Debt / Equity | 0 | 0 | 0 | 0 |
| RoNW % | 3.6 | 12.6 | -3.9 | 14.5 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 4.5 | 8 | -2.5 | 9.8 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 9710268 | 52.26 | 0 |
| Non-Institutional | 4855134 | 26.13 | 0 |
| BNII | 3236756 | 17.42 | 0 |
| SNII | 1618378 | 8.71 | 0 |
| Retail Investors | 3236756 | 17.42 | 0 |
| Employees | 777202 | 4.18 | 0 |
| Total | 18579360 | 100 | 0 |
Subscription Status ( Wed, 11 Feb 26 01:36 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 9710268 | 40555344 | 4.18x |
| Non-Institutional | 4855134 | 5127088 | 1.06x |
| BNII | 3236756 | 3805904 | 1.18x |
| SNII | 1618378 | 1321184 | 0.82x |
| Retail Investors | 3236756 | 3321504 | 1.03x |
| Employees | 777202 | 475952 | 0.61x |
| Total | 18579360 | 49479888 | 2.66x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 16 | 14,400.00 |
| Retail (Max) | 13 | 208 | 187,200.00 |
| S-HNI (Min) | 14 | 224 | 201,600.00 |
| S-HNI (Max) | 69 | 1,104 | 993,600.00 |
| B-HNI (Min) | 70 | 1,120 | 1,008,000.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Kotak Mahindra Capital Company Limited
- Axial Capital Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Fractal Analytics IPO is a Book-building IPO worth ₹2834 crores. The price band is ₹857 to 900 per share. The IPO opens on Mon, Feb 9, 2026 and closes on Wed, Feb 11, 2026. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Fractal Analytics IPO opens on Mon, Feb 9, 2026 and closes on Wed, Feb 11, 2026
Fractal Analytics IPO Price Band is ₹857 to 900.
Fractal Analytics IPO lot size is 16, and the minimum amount required for application is ₹14400.
The minimum investment for Fractal Analytics IPO is approximately ₹14400 based on the upper price band.
To apply for the Fractal Analytics IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Feb 11, 2026. After submission, funds are blocked until the basis of allotment of Fractal Analytics IPO is finalised.
Fractal Analytics IPO issue size is ₹2834 crores.
Fractal Analytics IPO allotment date is Sat, Jun 27, 2026.
The registrar for Fractal Analytics IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Fractal Analytics IPO through their official website or helpline.
The Fractal Analytics IPO GMP (Grey Market Premium) is ₹-28 as of Mon, Feb 16, 2026. Based on the upper price band of ₹900 per share, the estimated Fractal Analytics IPO listing price is ₹872, indicating a potential listing gain of approximately 31% over the issue price.