Fractal Analytics IPO: Check IPO Date, Live Subscription and Key Details
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 companies make smarter decisions. Its core platform, Cogentiq, and specialized 'Fractal Alpha' incubation wing drive innovation across sectors like retail, healthcare, and financial services.
Price Range
₹857.0 - ₹900.0
Issue Size
₹2,833.9 Cr
Lot Size
16 shares
IPO Type
Mainboard
GMP
₹-28(-3.11%)
Est. Listing Price
₹872
Estimate Profit
₹-448
Retail Portion
10%
Key Metrics
Check Live GMPGMPFace 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
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 9 February 2026 | Subscription starts |
| IPO Close Date | 11 February 2026 | Subscription ends |
| Allotment Date | 12 February 2026 | Allotment |
| Listing Date | 16 February 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
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
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 75% |
| NII (Non-Institutional Investor) | 15% |
| Retail | 10% |
| Total | 100.00% |
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 Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 | 30 Sep 2025 (H1) |
|---|---|---|---|---|---|
| Assets (₹ Cr.) | 2,965.4 | 2,857.6 | 2,392 | 2,248.7 | 1,352.16 |
| Revenue (₹ Cr.) | 1,594.3 | 2,816.2 | 2,241.9 | 2,043.7 | 733.93 |
| PAT (₹ Cr.) | 70.9 | 220.6 | -54.7 | 194.4 | 6.47 |
| Net Worth (₹ Cr.) | 1,957.5 | 1,748.3 | 1,397 | 1,339.2 | 859.34 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0.03x | 4.41x |
| NII | 0.02x | 0.15x | 1.11x |
| S-HNI | 0.04x | 0.07x | 0.86x |
| B-HNI | 0.01x | 0.19x | 1.24x |
| RII | 0.11x | 0.18x | 1.1x |
| EMP | 0.03x | 0.04x | 0.65x |
| Total | 0.03x | 0.09x | 2.81x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 91,94,187 | 4,05,55,344 | 3,649.98 |
| NII | 46,12,737 | 51,27,088 | 461.44 |
| Small NII | 15,37,579 | 13,21,184 | 118.91 |
| Big NII | 30,75,158 | 38,05,904 | 342.53 |
| RII | 30,75,158 | 33,85,792 | 304.72 |
| EMP | 7,36,196 | 4,75,952 | 42.84 |
| Total | 1,76,18,278 | 4,95,44,176 | 4,458.98 |
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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
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- fractal.ipo@in.mpms.mufg.com
- https://in.mpms.mufg.com/
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.
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