Summary of this article
Fractal Analytics IPO entered its Day3 of subscription on Feb 11
The IPO has a price band of Rs 857–900 per share, requiring a minimum of Rs 14,400 investment
Fractal Analytics IPO's GMP stood at Rs 7 per share over the issue price
Fractal Analytics IPO GMP: Fractal Analytics' initial public offering (IPO) entered its third and the final day of bidding on February 11, 2026. So far the issue has witnessed a cold response from investors, with the issue getting booked by only 20 per cent, or 0.20 times the shares on offer, by the end of the second day of bidding.
Retail investors led the subscription, placing bids for 0.60 times their quota, followed by non-institutional investors (NIIs) at 0.27 times, and qualified institutional buyers (QIBs) at a meagre 0.02 times.
Employees, who are being offered shares at a discount of 9.50 per cent to 10 per cent, booked the issue by 0.20 times.
Meanwhile, Fractal Analytics IPO’s grey market premium (GMP) has seen a brutal crash over the past week amid weak subscription figures.
Founded in 2000, Fractal Analytics is an artificial intelligence (AI)-driven analytics firm catering to global enterprises across sectors such as consumer goods, healthcare, financial services and technology. The company leverages artificial intelligence, machine learning and advanced analytics to drive business decision-making. According to its red herring prospectus (RHP), some of the company's major clients include Citibank, Costco, Franklin Templeton, Mars, Mondelez, Nationwide, Nestle and Philips.
Fractal Analytics IPO GMP Today
As of February 11, 8:57 AM, Fractal Analytics IPO's GMP stood at Rs 7 per share over the issue price, according to websites that track such trades. Its GMP has crashed over 96 per cent 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 907 per share, which effectively tantamount to a flat or a subdued listing.
Fractal Analytics IPO Subscription Status Day 3
As of 11:18 AM on Day 3, the Fractal Analytics IPO was subscribed 0.24 times overall.
The QIB portion was booked 0.02 times, while the NII category saw 0.34 times bidding, and retail investors subscribed 0.70 times. Employee quota was filled 0.25 times.
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: Price Band, Allotment Date, Registrar
Fractal Analytics is seeks to raise Rs 2,833.90 crore through its book-built issue, the biggest fund raise via a public issue in the country so far this year. The issue 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 aggregating to Rs 1,810.40 crore.
Fractal Analytics IPO Objectives
Fractal Analytics plans to use the Rs 1,023.50 crore net proceeds from fresh issue primarily invest 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 IPO Anchor List
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.
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.
