Summary of this article
Fractal Analytics IPO opened on Feb 9, 2026 and will close on Feb 11
Fractal Analytics IPO has been subscribed 0.02 times, as of 10:30 AM on Day 1
GMP stood at Rs 13 per share, indicating a listing pop of 1.44 per cent
Fractal Analytics IPO Opens Today: The initial public offering (IPO) of the artificial intelligence (AI) solutions provider Fractal Analytics opened on February 9, 2026 and will close on February 11. Ahead of the opening of the subscription window, the AI firm raised Rs 1,248.25 crore from institutional investors in the anchor round, allotting 13.87 million equity shares. Of the total anchor allocation, 11 domestic mutual funds subscribed to about 5.28 million equity shares, or 38.05 per cent, through 22 schemes.
Meanwhile, Fractal Analytics IPO’s grey market premium (GMP) has seen a brutal crash over the past week.
Founded in 2000, Fractal Analytics is a global enterprise AI and analytics firm that works with large organisations to enable data-led decision-making through AI-driven solutions, as per its red herring prospectus. Its clients include Citibank, Costco, Franklin Templeton, Mars, Mondelez, Nationwide, Nestle and Philips.
Fractal Analytics IPO Subscription Status: Day 1
Half an hour into the opening of subscription, Fractal Analytics IPO received bids for 3,68,464 shares against a total of 1,85,79,360 shares on offer, translating into 0.02 times subscription.
Qualified institutional buyers (QIBs) portion so far received nil subscription, while the non-institutional investors (NIIs) category got subscribed 0.02 times, and retail investors placed bids for 0.09 times their quota.
As per the IPO reservation structure, QIBs will be allocated not less than 75 per cent of the net offer. Retail investors will get up to 10 per cent, while NIIs will be allocated up to 15 per cent of the issue.
Fractal Analytics IPO Details
Fractal Analytics is set to raise Rs 2,833.90 crore through a book-built issue, the biggest fund raise via a public issue this year so far, which includes a fresh issue of 11.37 million equity shares worth Rs 1,023.50 crore and an offer-for-sale (OFS) component of 20.12 million shares worth Rs 1,810.40 crore.
The AI company has fixed the price band at Rs 857–900 per share, with a lot size of 16 shares. At the upper end of the band, retail investors will need to invest a minimum of Rs 14,400 to apply for the IPO.
Fractal Analytics IPO GMP Today
As of February 9, 9:34 AM, Fractal Analytics IPO's GMP stood at Rs 13 per share over the issue price, according to websites that track such trades. Its GMP has crashed from a peak of Rs 180 quoted on February 3 to the current level.
Given the current GMP and the upper end of the price band, Rs 900, the expected listing price of Fractal Analytics IPO shares comes at Rs 913 per share, translating into a listing prospect of 1.44 per cent.
Fractal Analytics IPO Objectives
The company plans to use the Rs 1,023.50 crore net proceeds mainly to strengthen its balance sheet and fund growth. Part of the funds will be invested in its subsidiary, Fractal USA, to repay or prepay borrowings. It will also spend on buying laptops, setting up new offices in India, and boosting research and development, sales and marketing under its Fractal Alpha business. The remaining money will go towards acquisitions, other strategic initiatives, and general corporate purposes.
Fractal Analytics Financials
For the half year ended September 2025 (H1FY26), the company posted total income of Rs 1,594.3 crore and a profit after tax (PAT) of Rs 70.9 crore.
For the full year FY25, Fractal Analytics reported income of Rs 2,816.2 crore and PAT of Rs 220.6 crore, as against a loss of Rs 54.7 crore in FY24 and a profit of Rs 194.4 crore in FY23.
Ebitda came in at Rs 185.6 crore for H1FY26, against Rs 398 crore in FY25. Net worth rose to Rs 1,957.5 crore as of September 2025 from Rs 1,748.3 crore at the end of FY25, while total borrowings stood at Rs 274.6 crore.
