​​Upcoming IPOs February 2026: Fractal Analytics and Indo MIM Date, Price Band, and Review

February 2026 is shaping up to be a historic month for the Indian primary market. After a quiet January, the D-Street is bracing for a "Double-Whammy" of high-tech listings.

On one hand, we have Fractal Analytics, the pioneer that proved India could build a world-class AI Unicorn. On the other, Indo MIM, a global engineering titan that literally "moulds" the future of precision components.

1. Fractal Analytics IPO: India’s First AI Unicorn Goes Public

Fractal Analytics isn’t just an analytics company; it’s a global leader in Pure-play Artificial Intelligence. Having filed its DRHP in late 2025 and secured SEBI's nod, this IPO marks a watershed moment for the Indian tech ecosystem.

Fractal IPO Snapshot

Why it’s a Buzz-Maker:

• The Turnaround King: Fractal swung from a loss in FY24 to a massive ₹347.8 Crore profit in FY25, showcasing incredible operational leverage.
• Fortune 500 Stickiness: With a 90%+ repeat revenue rate from global giants like Google and Citibank, their business model is built on solid ground.
• AI Future-Proof: Fractal is heavily investing in Generative AI and its "Fractal Alpha" wing, positioning it as a direct competitor to global firms like Palantir.

2. Indo MIM IPO: The Global King of Precision Engineering

If you use a high-end smartphone, drive a modern car, or follow aerospace tech, you likely use an Indo MIM part. They are the world’s largest manufacturer using Metal Injection Moulding (MIM) technology.

Indo MIM IPO Snapshot

Why it’s a Buzz-Maker:

• Global Footprint: With 15 facilities across India, the US, UK, and Mexico, they are a truly multinational Indian brand.
• High Entry Barriers: The precision engineering and 3D metal printing niche they occupy is extremely hard for competitors to replicate.
• Debt Reduction: A significant portion of the IPO proceeds (~₹720 Cr) is earmarked to pay off debt, making the balance sheet even leaner post-listing.

Fractal vs. Indo MIM: Quick Financial Face-off

4-step instructions to apply for the mid-February mega-listings using the IPO Ji app:

1. Add Your Account: Open the app and go to "Demat Accounts" to save your 16-digit Demat ID and UPI ID (one-time setup).
2. Select the IPO: On the home screen, tap on Fractal Analytics or Indo MIM and hit "Apply Now."
3. Place Bid: Select the number of lots, keep "Cut-off Price" ticked, and click Submit.
4. Approve UPI: Open your UPI app (GPay/PhonePe), find the Mandate request, and enter your PIN to block the funds.

Why Use IPO Ji Instead of Your Broker?

Why Investors Trust IPO Ji for These Listings

With 2.5 million+ downloads and a stellar 4.9 rating, IPO Ji is more than just an app—it’s your secret weapon for the 2026 IPO season. Here’s how to use it for the February rush:

• One-Click Apply: Don't miss the deadline. Add your family members' demat accounts once and apply for Fractal or Indo MIM in seconds.
• Live GMP Tracking: Get real-time Grey Market Premium updates to gauge market sentiment before the listing day.
• Subscription Alerts: See live data from BSE/NSE to see if the QIBs and HNIs are piling in.
• Discussion Forum: Join the community of 1.8 million+ investors to discuss if Fractal's valuation is justified or if Indo MIM is the better long-term bet.

Both companies are "Category Leaders," which is the first thing savvy investors look for.

1. For Tech Enthusiasts: Fractal is a high-growth, high-margin AI play. If you believe AI is the next industrial revolution, this is your "Growth" pick.
2. For Value Investors: Indo MIM offers a "Moat" (competitive advantage). Being a world leader with 7% global market share provides a safety net that few IPOs can offer.

The secondary market has been volatile in early 2026. Keep a close eye on the Grey Market Premium (GMP). Historically, companies that cut their valuation (like Indo MIM) often leave "more money on the table" for retail investors.