Fractal Analytics IPO IPO Subscription Status
The Fractal Analytics IPO IPO closed on 11 February 2026 with an overall subscription of 2.81x based on shares applied. QIB demand came in at 4.41x, NII at 1.11x, and retail at 1.08x.
Allotment will be finalised on 12 February 2026. The stock is scheduled to list on NSE and BSE on 16 February 2026.
Issue Price
Rs 900.00
GMP Today
Rs -28.00 (-3.11%)
Overall Subscription
2.81x
Issue Size
₹2,833.90 Cr
Allotment Date
12 Feb 2026
Listing Date
16 Feb 2026
Fractal Analytics IPO IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 900.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 827.48 Cr | Rs 3,649.98 Cr | 4.41x |
| FII | - | Rs 799.99 Cr | - |
| DFI | - | Rs 197.50 Cr | - |
| Mutual Funds | - | Rs 2,478.97 Cr | - |
| Other | - | Rs 173.52 Cr | - |
| NII | Rs 415.15 Cr | Rs 461.44 Cr | 1.11x |
| bNII (above Rs 10L) | Rs 276.76 Cr | Rs 342.53 Cr | 1.24x |
| Corporate | - | Rs 42.22 Cr | - |
| Individual | - | Rs 282.79 Cr | - |
| Other | - | Rs 17.52 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 138.38 Cr | Rs 118.91 Cr | 0.86x |
| Corporate | - | Rs 74.45 L | - |
| Individual | - | Rs 114.48 Cr | - |
| Other | - | Rs 3.68 Cr | - |
| Retail | Rs 276.76 Cr | Rs 298.94 Cr | 1.08x |
| Cut-off price | - | Rs 247.70 Cr | - |
| Fixed price | - | Rs 51.24 Cr | - |
| Employee | Rs 66.26 Cr | Rs 42.84 Cr | 0.65x |
| Cut-off price | - | Rs 27.51 Cr | - |
| Fixed price | - | Rs 15.33 Cr | - |
| Total | Rs 1,585.65 Cr | Rs 4,453.19 Cr | 2.81x |
Fractal Analytics IPO IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 91,94,187 | 117 | 0.00x |
| FII | - | 19 | - |
| DFI | - | 7 | - |
| Mutual Funds | - | 74 | - |
| Other | - | 17 | - |
| NII | 20,593 | 7,324 | 0.36x |
| bNII (above Rs 10L) | 13,729 | 2,435 | 0.18x |
| Corporate | - | 52 | - |
| Individual | - | 2,274 | - |
| Other | - | 109 | - |
| sNII (Rs 2L to Rs 10L) | 6,864 | 4,889 | 0.71x |
| Corporate | - | 21 | - |
| Individual | - | 4,703 | - |
| Other | - | 165 | - |
| Retail | 1,92,197 | 1,34,103 | 0.70x |
| Cut-off price | - | 1,12,126 | - |
| Fixed price | - | 21,977 | - |
| Employee | 46,012 | 4,810 | 0.10x |
| Cut-off price | - | 3,974 | - |
| Fixed price | - | 836 | - |
| Total | 94,52,989 | 1,46,354 | 0.02x |
What Do These Subscription Numbers Mean?
A subscription of 2.81x by shares means the IPO received bids for 3 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 4.41x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 4.41x, it reflects serious institutional conviction.
NII at 0.36x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 0.18x and sNII at 0.71x by applications. Share subscription was 1.11x. Allotment uses application count, not share volume.
null Retail allotment is done by lottery when oversubscribed.
null Employee reservation uses the same lottery logic as retail when oversubscribed.
Fractal Analytics IPO IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Application subscription: 0.70x.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 0.71x.
BHNI (above Rs 10 lakh)
- •Application subscription: 0.18x.
- •Share subscription was 1.24x. Allotment uses application count, not share volume.
Check the Fractal Analytics IPO IPO Allotment Status page from 12 February 2026 for your allotment result.
Fractal Analytics IPO IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 9 Feb 2026 | 0.00x | 0.02x | 0.11x | 0.03x |
| Day 2 - 10 Feb 2026 | 0.03x | 0.15x | 0.18x | 0.09x |
| Day 3 - 11 Feb 2026 | 4.41x | 1.11x | 1.10x | 2.81x |
Fractal Analytics IPO IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 9 February 2026 |
| IPO Close Date | 11 February 2026 |
| Allotment Date | 12 February 2026 |
| Refund Initiation | 13 February 2026 |
| Share Credit to Demat | 13 February 2026 |
| Listing Date | 16 February 2026 |
| Minimum Investment | Rs 14,400.00 |
| Lot Size | 16 shares |
About Fractal Analytics IPO
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Fractal Analytics IPO IPO Subscription FAQs
What is the current subscription status of Fractal Analytics IPO?
Fractal Analytics IPO IPO closed on 11 February 2026 with an overall subscription of 2.81x by shares. QIB subscribed 4.41x by shares, NII 0.36x by applications, and Retail 0.70x by applications.
What are the allotment chances for retail investors?
Share subscription was 1.08x. Application-wise data is needed for accurate lottery odds. Allotment is based on applications, not shares.
When will Fractal Analytics IPO allotment be finalised?
Allotment will be finalised on 12 February 2026. You can check your allotment status on the Fractal Analytics IPO IPO Allotment Status page from that date.
What happens after subscription closes?
After the subscription closes, the registrar processes all applications and finalises allotment on 12 February 2026. Refunds for unsuccessful applications are typically initiated before listing. Shares are credited to demat accounts before the listing date on 16 February 2026.
Can I apply after subscription closes?
No. The subscription window closed on 11 February 2026. All applications must be submitted during the open period. Late applications are rejected automatically.
What is the difference between QIB, NII, and Retail subscription?
QIB includes institutional investors such as mutual funds, FIIs, and banks. NII includes high net worth individuals applying above Rs 2 lakh. Retail includes individual investors applying up to Rs 2 lakh. Each category has separate reservation and different allotment rules.
How does subscription affect allotment chances?
Allotment odds depend on application subscription in each category, not share volume. In retail, lottery odds are roughly 1 in X where X is the application subscription multiple. SHNI and BHNI use proportional allotment based on application count. At 2.81x overall share subscription, competition is moderate. Check application-wise figures for your category.
What is the issue size and lot size for Fractal Analytics IPO?
Issue size is ₹2,833.90 Cr. Lot size is 16 shares. Minimum investment at the issue price of Rs 900.00 is Rs 14,400.00 per lot.
For allotment results from 12 February 2026, visit the Fractal Analytics IPO IPO Allotment Status page. For listing day updates on 16 February 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.