Fractal Analytics IPO: The initial public offering (IPO) of Fractal Analytics will open for subscription on February 9, 2026, and close on February 11, 2026. The company is set to raise Rs 2,833.90 crore through a book-built issue, which includes a fresh issue of 11.37 million equity shares aggregating to Rs 1,023.50 crore and an offer for sale of 20.12 million shares worth Rs 1,810.40 crore.
The 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. For non-institutional investors (NIIs), the minimum investment requirement is Rs 2.01 lakh for small NIIs and Rs 10.08 lakh for big NIIs.
The allotment of shares is likely to be finalised on February 12, and the stock is scheduled to list on the BSE and NSE on February 16, 2026. Kotak Mahindra Capital and Axis Capital are the book-running lead managers, while MUFG Intime India is the registrar to the issue.
Fractal Analytics IPO Reservation
As per the IPO reservation structure, qualified institutional buyers (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 Objectives
The company plans to use the net proceeds from the IPO primarily to strengthen its balance sheet and support growth initiatives. A portion of the funds will be invested in its subsidiary, Fractal USA, to prepay or repay borrowings, either fully or partially. The company will also allocate funds for the purchase of laptops and for setting up new office premises in India.
In addition, Fractal intends to invest in research and development as well as sales and marketing initiatives under its Fractal Alpha business. The remaining proceeds will be used to fund inorganic growth through potential acquisitions, other strategic initiatives, and general corporate purposes.
Fractal Analytics: What The Company Does
Founded in March 2000, Fractal Analytics is a global enterprise artificial intelligence (AI) and analytics firm that works with large organisations to drive data-led decision-making. The company develops AI solutions by combining deep technical capabilities with strong domain and functional expertise, according to its red herring prospectus (RHP).
As of September 30, 2025, Fractal Analytics operates through two key segments. Fractal.ai offers AI services and products via its agentic AI platform, Cogentiq, which enables faster product development through embedded tools, governance, low-code capabilities and security features. Fractal Alpha houses independent, growth-focused AI businesses aimed at scaling innovation across industries and geographies.
Fractal counts several large global companies among its clients, including Citi, Costco, Franklin Templeton, Mars, Mondelez, Nationwide, Nestle and Philips.
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