Fractal Analytics Limited IPO

Mainboard Allotment Out

Offer Date: Feb 9, 2026 - Feb 11, 2026

₹ 14400 /16 Shares

Check Allotment

09 Feb, 2026

Open Date

11 Feb, 2026

Close Date

12 Feb, 2026

Allotment Date

16 Feb, 2026

Listing Date

Expected Premium

+ ₹0

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Fractal Analytics IPO Live Subscription Details

View Subscription Details

QIB 4.41x

Retail 1.08x

NIIs 1.11x

BHNI 1.24x

SHNI 0.86x

Retail 1.08x

EMP 0.65x

Total 2.81x

Last updated: 11 Feb 2026, 05:57 PM

Fractal Analytics IPO Issue Details

Issue Price ₹857-900 per equity share
Face Value ₹1 Per Equity Share
Total Issue Size 3,14,87,777 shares(aggregating up to ₹2833.9 crore)
Fresh Share 1,13,72,222 shares(aggregating up to ₹1023.5 crore)
Offer For Sale 2,01,15,555 shares(aggregating up to ₹1810.4 crore)
Listing at BSE, NSE
Lead Manager Kotak Mahindra Capital Co.Ltd
Axis Capital Pvt.Ltd
Morgan Stanley India
Goldman Sachs India
Registrar MUFG Intime India Pvt.Ltd

Market Lot Size

Investors can bid for a minimum of 16 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (min)	1	16	₹14,400
Retail(max)	13	208	₹1,87,200
SHNI(min)	14	224	₹2,01,600
SHNI(max)	69	1104	₹9,93,600
BHNI(min)	70	1120	₹10,08,000

Fractal Analytics IPO Reservation

Fractal Analytics IPO offers total 31487777 shares. Out of which 9194187 (29.02%) allocated to QIB, 4612737 (14.65%) allocated to NII,3075158 (10%) allocated to RII, 736196 (2.34%) allocated to employees and 13869499 (44.05%) allocated to Anchor investors.

Investor Category	Shares Offered	Maximum Allottees
Anchor Investor Shares Offered	13869499 (44.05%)
QIB Shares Offered	9194187 (29.02%)
NII (HNI) Shares Offered	4612737 (14.65%)
bNII > ₹10L	3075158 (10%)
sNII < ₹10L	1537579 (5%)
Retail Shares Offered	3075158 (10%)
Employee Shares Offered	736196 (2.34%)
Total Shares Offered	31487777 (100%)

Fractal Analytics IPO Documents

DRHP

RHP

ANCHOR

Fractal Analytics IPO Details

Fractal Analytics IPO is a book-built issue of ₹2833.9 crores, The total issue size is ₹2833.9 crores. The IPO of Fractal Analytics is priced at ₹857-900 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Feb 9, 2026 and ends on Feb 11, 2026. The allotment for Fractal Analytics IPO will be finalized on Feb 12, 2026. Fractal Analytics IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 16, 2026. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt.Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 16 shares, extendable to 14,400. S-HNIs will be able to bid for 224 shares at ₹2,01,600, while B-HNIs can also apply for a bid of 1120 shares at ₹10,08,000. The book-running lead manager for the IPO is/are Kotak Mahindra Capital Co.Ltd, Axis Capital Pvt.Ltd, Morgan Stanley India, Goldman Sachs India.

The total issue ₹2833.9 crore, comprising a fresh issue of 1,13,72,222 shares ₹1023.5 crore and having Offer for Sale (OFS) of 2,01,15,555 shares to mop up ₹1810.4 crore.

The Fractal Analytics IPO sets its price band at 857-900 for each share. A single application for Fractal Analytics Limited IPO must contain at least 16 shares. Sentiment investors need to invest a minimum of 16 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,400 In order to participate in the sNII, investors must purchase at least 14 lots of 224 shares for ₹2,01,600, while the bNII requires 70 lots of 1120 shares for an investment of ₹10,08,000.

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	91,94,187	46,12,737 30,75,158 15,37,579	30,75,158	1,76,18,278
Day 1 09-02-26 05:00 PM	0.00 x	0.08 x 0.05 x 0.13 x	0.37 x	0.09 x
Day 2 10-02-26 05:00 PM	0.03 x	0.28 x 0.30 x 0.24 x	0.64 x	0.21 x
Day 3 11-02-26 05:00 PM	4.41 x	1.11 x 1.24 x 0.86 x	1.08 x	2.81 x

Total No of Applications

1,47,291

Subscription on the basis of Applications

Retail:0.7x BHNI:0.18x SHNI:0.71x

Fractal Analytics Valuations

EPS Pre IPO ₹13.74/-

EPS Post IPO ₹8.25/-

P/E Pre IPO 65.50

P/E Post IPO 109.12

RoNW 12.60%

PAT Margin 8.00%

Price to Book Value 8.65

Market Cap. 15,473.60 Cr.

Fractal Analytics Company Financials

In Crs.

In Cr.

	30-Sep-25	31-Mar-25	31-Mar-24	31-Mar-23
Assets	2965.40	2857.60	2392.00	2248.70
Revenue	1594.30	2816.20	2241.90	2043.70
Profit After Tax	70.90	220.60	-54.70	194.40
Net Worth	1957.50	1748.30	1397.00	1339.20
Reserves & Surplus	1937.10	1728.70	1380.50	1323.10
Total Borrowing	274.60	266.20	250.10	325.60

About Fractal Analytics Company

Fractal Analytics, founded in March 2000, is a leading global enterprise AI and analytics company that helps large companies make better decisions. Spanning more than two decades, the company designs AI solutions by mixing deep technical acumen with functional and domain expertise.

By March 31, 2025, Fractal's products and services were organized into two main segments:
Fractal.ai: This division offers AI products and services via its agentic AI platform, Cogentiq,;aimed at making product development easier with integrated tools, governance, low-code capabilities, and security.
Fractal Alpha: This division contains independent AI companies focused on growth markets, operated independently to drive business innovation across geographies and industries.
Together, the two divisions offer a full range of AI capabilities across client businesses and industries.

Fractal's strengths are its position of leadership in a rapidly growing AI market, long-standing collaborations with leading global customers, combined technical and domain knowledge, transparency and trust culture, history of innovation, and founder-driven leadership with a long-term perspective.

Fractal has more than 4,500 employees globally as of early 2025, reflecting its expanding presence in 17 offices worldwide.

Fractal Analytics - Promoter(s)

Srikanth Velamakanni

Pranay Agrawal

Chetana Kumar

Narendra Kumar Agrawal

Rupa Krishnan Agrawal

Pre Issue Share Holding : 18.19%

Post Issue Share Holding : N/A%

Fractal Analytics IPO - Issue Objectives

Investment in one of our Subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings - 264.90 Cr

Purchase of laptops - 57.10 Cr

Setting-up new office premises in India - 121.10 Cr

Investment in (a) research and development; and (b) sales and marketing under Fractal Alpha - 355.10 Cr

Funding inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes

Fractal Analytics IPO - Anchor Investors

Fractal Analytics raises Rs 1,248 crore from anchor investors ahead of its Rs 2,834-crore IPO.
SBI Small Cap Fund, and Life Insurance Corporation of India were the largest investors for the anchor book, investing Rs 104.99 crore, and Rs 99.99 crore, respectively.
Marquee global investors like Morgan Stanley, Amundi Funds, Goldman Sachs, Kuwait Investment Authority, Ashoka WhiteOak, Allspring Global Investments, Societe Generale, Prudent Investment Flexicap Scheme, and Integrated Core Strategies participated in the anchor book.

Out of the overall allocation amounting to 1.38 crore equity shares, 52.77 lakh shares were given to 11 domestic mutual funds such as ICICI Prudential AMC, Motilal Oswal AMC, UTI AMC, Trust MF, Baroda BNP Paribas MF, Bandhan MF, Invesco India, Sundaram MF, Abakkus, and Union MF.
Apart from LIC, the HDFC Life Insurance Company, SBI Life Insurance Company, Bharti Axa Life Insurance Company, and Edelweiss Life Insurance Company also invested in the company through the anchor book mechanism by purchasing shares worth Rs 150.93 crore.

Strength

Leadership in a High-Growth AI Market: The firm is operating in one of the most rapidly growing technology categories in the world. With the growing adoption of AI by enterprises and the increasing dependence on third-party Data, Analytics, and AI (DAAI) service providers, the firm is poised to gain from the long-term growth of the market.

Strong Technical Expertise: The firm has strong technical expertise in GenAI, machine vision, algorithmic decision-making, cloud and data engineering, behavioral science, and human-centered design. The firm’s data-centric AI expertise has been rated in the Everest Group’s PEAK Matrix® Assessment 2025.

Deep Functional and Domain Expertise: The firm serves clients across several business functions such as sales & marketing, supply chain, finance & accounting, and data & AI. The firm’s ability to leverage solutions across industries with similar value-chain challenges is an added strength that enhances scalability and client relevance.

Weakness

Cybersecurity and Data Protection Risks: Cybersecurity breaches, cyber-attacks, viruses, or hacking incidents that may affect the company’s systems or those of its clients, cloud service providers, and third-party vendors may result in loss of data, business interruption, reputational damage, litigation, and negative financial impact.

Risks in AI Solution Delivery and Implementation: The company’s business is dependent on successful and timely implementation of AI solutions in complex computing environments. Delays, defects, or failure to meet client satisfaction or contractual timelines may result in cost overruns, disputes, loss of business, and negative financial impact.

Dependence on Skilled Talent and Key Leadership: The company is heavily dependent on its ability to successfully attract, retain, and develop highly skilled AI and GenAI talent, as well as the continued involvement of the Company’s Promoters and key leadership. Talent shortages, increased employee costs, or loss of key talent may impact growth, profitability, and execution capabilities.

Contact Details

Fractal Analytics

Level 7, Commerz II, International Business Park, Oberoi Garden City, Off W. E. Highway, Goregaon (E), Mumbai, Maharashtra - 400063

+91 22 6850 5800

investorrelations@fractal.ai

https://fractal.ai/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

fractal.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Fractal Analytics IPO - FAQs

Ans. Fractal Analytics Limited IPO is a Mainboard IPO. The issue is priced at ₹857-900 per equity share. The minimum order quantity is 16 Shares. The IPO opens on Feb 9, 2026, and closes on Feb 11, 2026. MUFG Intime India Pvt.Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Fractal Analytics Limited IPO opens on Feb 9, 2026 and closes on Feb 11, 2026.

Ans. You can track the real-time subscription numbers using the links below:

Ans. The size of Fractal Analytics Limited IPO is Total 2,833.90 Cr : #Fresh Issue : 1,13,72,222 shares(aggregating up to ₹1023.40 Cr) + #OFS : 2,01,15,555 shares of ₹1(aggregating up to ₹1810.50 Cr).

Ans. The Fractal Analytics Limited IPO price band is set between ₹857-900 per equity share.

Ans. To apply for Fractal Analytics Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Fractal Analytics Limited IPO in the List of IPOs
- Press Apply Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Fractal Analytics Limited IPO is Feb 12, 2026.

Ans. The Fractal Analytics Limited IPO will be listed on Feb 16, 2026.

Ans. Follow the steps to check the Fractal Analytics Limited IPO allotment status online.