Fractal Analytics IPO

Fractal Analytics IPO

Listed

MainboardOpens 9 February 2026Closes 11 February 2026

Fractal Analytics, India's first AI unicorn, is a global provider of enterprise AI and decision intelligence solutions. The company blends data science and engineering with human-centered design to help Fortune 500…

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Live GMPSubscriptionAllotment
Price band
₹857 - ₹900
Issue size
₹2,833.9 Cr
Lot size
16 shares
Type
Mainboard
GMP
₹-28 (-3.1%)
Est. listing
₹872
Est. profit / app
₹-448
Retail quota
10%

Key ratios

As per RHP / filings
Face value
₹1
EPS
8.25
P/E ratio
109.12
RoNW
12.6%
ROE
12.6%
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Timeline

IPO Opens

9 Feb

IPO Closes

11 Feb

Allotment

12 Feb

Listing

16 Feb

IPO Timeline & Listing Details

EventDate
IPO Open Date9 February 2026
IPO Close Date11 February 2026
Allotment Date12 February 2026
Listing Date16 February 2026

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,400
Retail (Max)Just less than ₹2,00,000
13₹1,87,200
SHNI (Min)Just above ₹2,00,000
14₹2,01,600
SHNI (Max)Below ₹10,00,000
69₹9,93,600
BHNIAbove ₹10,00,000
70₹10,08,000

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)75%
NII (Non-Institutional Investor)15%
Retail10%
Total100.00%

IPO Objectives

  • Investment in subsidiary, Fractal USA, for debt repayment (₹264.90 Cr).
  • Funding R&D and sales/marketing under Fractal Alpha (₹355.10 Cr).
  • Setting up new office premises in India (₹121.10 Cr).
  • Purchase of hardware/laptops and general corporate purposes.

Strengths

  • The company stands as a Category Leader, positioned as India’s first pure-play AI-focused firm to be listed on the public markets.
  • It maintains a Fortune 500 Clientele, with over 90% repeat revenue from global giants such as Citibank, Google, and Nestle.
  • The business demonstrates significant Operational Leverage, successfully turning an FY24 loss into a substantial ₹220 Cr profit in FY25.
  • It is strategically situated in a High Growth Sector, well-equipped to capture the accelerating enterprise adoption of Artificial Intelligence.

Weaknesses

  • The IPO carries a High Valuation, with a post-issue P/E ratio of 109x that is considered aggressive and sets a high bar for future performance.
  • There is notable Client Concentration, as the top 10 clients generate approximately 54% of the company's total revenue.
  • The business faces Litigation Risk, with ongoing legal matters involving significant amounts (₹915 Cr) that could impact financial stability.
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Financial Performance

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 202330 Sep 2025 (H1)
Assets (₹ Cr.)2,965.42,857.62,3922,248.71,352.16
Revenue (₹ Cr.)1,594.32,816.22,241.92,043.7733.93
PAT (₹ Cr.)70.9220.6-54.7194.46.47
Net Worth (₹ Cr.)1,957.51,748.31,3971,339.2859.34

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0.03x4.41x
NII0.02x0.15x1.11x
S-HNI0.04x0.07x0.86x
B-HNI0.01x0.19x1.24x
RII0.11x0.18x1.1x
EMP0.03x0.04x0.65x
Total0.03x0.09x2.81x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB91,94,1874,05,55,3443,649.98
NII46,12,73751,27,088461.44
Small NII15,37,57913,21,184118.91
Big NII30,75,15838,05,904342.53
RII30,75,15833,85,792304.72
EMP7,36,1964,75,95242.84
Total1,76,18,2784,95,44,1764,458.98
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Company Details

  • Fractal Analytics Ltd.
  • 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 Details

Frequently Asked Questions

What is the Fractal Analytics IPO price band?
The price band is set at ₹857 to ₹900 per equity share.
When does the Fractal Analytics IPO open?
The IPO opens for public subscription on February 9, 2026, and closes on February 11, 2026.
What is the current GMP of Fractal Analytics?
As of Feb 4, 2026, the GMP is approximately ₹180, indicating a potential 20% listing gain.
Is there an employee discount?
Yes, eligible employees are offered a discount of ₹85 per share.

Fractal Analytics IPO News & Updates

Follow the latest updates for Fractal Analytics IPO, including grey market moves and allotment news.

Fractal Analytics IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Fractal Analytics IPO Details

Issue size, price, financials, and company info

Fractal Analytics IPO GMP

Live grey market premium and listing estimate

Fractal Analytics IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Fractal Analytics IPO Allotment

Allotment date, chances, and check by PAN

Fractal Analytics IPO Review

SWOT, strengths, risks, and IPO review

Fractal Analytics IPO FAQ

Common questions on dates, GMP, and allotment

Fractal Analytics IPO Registrar

Registrar website and how to check allotment

Fractal Analytics IPO Timeline

Open, close, allotment, and listing dates

Fractal Analytics IPO News

Updates, blogs, and latest IPO news

Sources

We match Fractal Analytics IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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