Fractal Analytics IPO Review: India's First AI IPO Hits D-Street!
The wait is finally over! Fractal Analytics, one of the most anticipated players in the artificial intelligence space, is set to launch its Initial Public Offering (IPO) on February 9, 2026. As India's first "pure-play" AI company to hit the exchanges, it’s creating a massive buzz among retail and HNI investors.
Whether you are looking for the Fractal Analytics IPO GMP, allotment dates, or a detailed financial analysis, we’ve got you covered.
Fractal Analytics IPO: Key Details at a Glance
The company recently filed its Red Herring Prospectus (RHP) and trimmed its issue size by 42% due to market conditions—making the valuation more attractive for new investors.
| Feature | Details LIVE |
|---|---|
| IPO Date | February 9, 2026 – February 11, 2026 Loading... |
| Price Band | ₹857 to ₹900 per share |
| Issue Size | ₹2,833.90 Crore |
| Fresh Issue | ₹1,023.50 Crore (1.14 Cr shares) |
| Offer for Sale (OFS) | ₹1,810.40 Crore (2.01 Cr shares) |
| Lot Size | 16 Shares (₹14,400 minimum) |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Listing Date | February 16, 2026 (Tentative) Loading... |
Fractal Analytics IPO Timetable
Don't miss these critical dates to ensure your funds are ready and your application is submitted on time.
- Anchor Bidding: February 6, 2026
- IPO Opens: February 9, 2026
- IPO Closes: February 11, 2026
- Basis of Allotment: February 12, 2026
- Initiation of Refunds: February 13, 2026
- Credit of Shares to Demat: February 13, 2026
- Listing Date: February 16, 2026
Investment Categories & Lot Sizes
Retail investors can apply for a minimum of 1 lot (16 shares). Here is the breakdown of the investment required:
| Category | Lots | Shares | Amount (Upper Band) |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹1,87,200 |
| S-HNI (Min) | 14 | 224 | ₹2,01,600 |
| B-HNI (Min) | 70 | 1,120 | ₹10,08,000 |
Pro Tip: Employees get a special discount of ₹85 per share, making it a fantastic opportunity for internal team members.
Number of Application (Max allotted applications)
Retail Form : 1,92,632
HNI Small Form : 6,880
HNI Big Form : 13,759
About Fractal Analytics: Is it the "Palantir of India"?
Founded in 2000, Fractal Analytics is a global leader in enterprise AI. They help Fortune 500 companies—like Google, Citibank, Costco, and Nestle—make smarter decisions using data.
Business Segments:
- Fractal.ai: Focuses on AI services and products via their agentic platform, Cogentiq.
- Fractal Alpha: An incubator for standalone AI businesses focused on high-growth niche markets.
Financial Health (₹ in Crores):
| Period Ended | Total Income | Profit After Tax (PAT) | EBITDA |
|---|---|---|---|
| 31-Mar-2023 | ₹2,043.70 | ₹194.40 | ₹436.80 |
| 31-Mar-2024 | ₹2,241.90 | (₹54.70) Loss | ₹97.20 |
| 31-Mar-2025 | ₹2,816.20 | ₹220.60 | ₹398.00 |
Fractal showed a strong recovery in FY25, swinging back to a healthy profit of ₹220 Cr.
Fractal Analytics IPO Grey Market Premium (GMP) Today
Track everything on IPO Ji: Fractal Analytics IPO Page for live GMP, subscription status, allotment checker, and one-click broker application links.
(Disclaimer: GMP is market-driven and subject to change until the listing day.)
How to Apply for Fractal Analytics IPO
You can apply through IPO Ji
- Log in to your App.
- Navigate to the IPO Section.
- Select Fractal Analytics Ltd.
- Enter the number of lots (1 lot = 16 shares) and ensure the "Cut-off Price" is selected.
- Submit your UPI ID and approve the mandate on your payment app (GPay/PhonePe).
Fractal Analytics IPO: Frequently Asked Questions (FAQ)
1. When will the Fractal Analytics IPO open and close?
The IPO opens for subscription on Monday, February 9, 2026, and closes on Wednesday, February 11, 2026.
2. What is the price band and lot size?
The price band is set at ₹857 to ₹900 per share. The minimum lot size is 16 shares, requiring a minimum investment of ₹14,400 for retail investors.
3. What is the total issue size?
The company aims to raise ₹2,833.90 crore. This consists of:
- Fresh Issue: ₹1,023.50 crore.
- Offer for Sale (OFS): ₹1,810.40 crore.
4. Is there an employee discount?
Yes, eligible employees are entitled to a discount of ₹85 per share from the final offer price.
5. How are the shares reserved for different investor categories?
- Qualified Institutional Buyers (QIB): Not less than 75% of the net offer.
- Non-Institutional Investors (NII/HNI): Not more than 15% of the net offer.
- Retail Individual Investors (RII): Not more than 10% of the net offer.
6. When is the allotment and listing date?
- Allotment Finalization: Thursday, February 12, 2026.
- Refunds/Credit of Shares: Friday, February 13, 2026.
- Listing Date: Monday, February 16, 2026 (on BSE and NSE).
7. Who is the registrar for the IPO?
The registrar is MUFG Intime India Pvt. Ltd. You can check your allotment status on their official website or via the IPO Ji app.
8. Can I apply for the IPO using a minor's Demat account?
Yes, you can apply using a minor's account, but the funds must be blocked from a bank account held by the minor or a joint account with the guardian.
9. What is the current GMP (Grey Market Premium)?
Track everything on IPO Ji: Fractal Analytics IPO Page for live GMP, subscription status, allotment checker, and one-click broker application links.
