Summary of this article
Gaudium IVF IPO will be available during Feb 20-24, 2026
Fractal Industries SME IPO will be available during Feb 16-18, 2026
Aye Finance's and Fractal Analytics' IPOs are set to debut on the bourses on Feb 16
The primary market has remained relatively muted in early 2026, with only a handful of companies going public so far. So far, only five mainboard initial public offerings (IPOs) have hit the market.
January saw the listings of Bharat Coking Coal, Amagi Media Labs, and Shadowfax Technologies, collectively raising Rs 4,764.67 crore.
February saw the Fractal Analytics IPO and Aye Finance IPO raise Rs 2,840.16 crore and Rs 1,010 crore, respectively. Both are now set to list on the stock exchanges next week.
Looking ahead, the week of February 16-20, 2026 will also see the opening of one mainboard and one small and medium (SME) segment IPO.
Upcoming IPOs Next Week
The following IPOs will be on investors’ radar next week:
Gaudium IVF IPO
Gaudium IVF IPO is a book-built issue of 20.88 million shares, including a fresh issue of 11.39 million shares and an offer for sale (OFS) of 9.49 million shares.
The company is yet to announce the price band. Sarthi Capital Advisors is the book running lead manager and Bigshare Services is the registrar.
Incorporated in March 2015, Gaudium IVF and Women Health, provides IVF and fertility treatments across India through a hub-and-spoke model. The company operates across 30 locations, including seven hubs and 28 spokes, and has tied up with infertility experts to promote awareness of Assisted Reproductive Technology.
Its centres are located in major cities, including Delhi, Mumbai, Ludhiana, Srinagar, Patna, and Bangalore, and serves patients from countries such as Canada, the UK, the US, Kenya, South Africa, and Oman.
Fractal Industries IPO (SME)
Fractal Industries IPO is a book-built issue of 2.27 million shares, comprising a fresh issue of Rs 49 crore.
The IPO will open on February 16, 2026, and close on February 18, 2026. The allotment of shares is expected on February 19, and listing on the BSE SME is tentatively scheduled for February 23, 2026. The price band is set at Rs 205-216 per share, with a lot size of 600 shares. Retail investors need a minimum investment of Rs 2,59,200.
Finaax Capital Advisors is the book running lead manager, Kfin Technologies is the registrar, and Shreni Shares is the market maker.
Fractal Industries is a full-service garment manufacturing and supply chain company, offering design, sourcing, manufacturing, and end-to-end logistics solutions for e-commerce platforms, such as Myntra, Ajio, and Flipkart. The company operates across India, producing fast-moving, high-quality apparel for online marketplaces, and provides support services including product and order management, inventory and return handling, integrated logistics, data analytics, multi-channel sales support, and order anomaly detection.
IPO Listings Next Week
The Aye Finance IPO and Fractal Analytics IPO are set to debut on the bourses next week.
Aye Finance IPO Listing Date
The IPO of Aye Finance, a non-banking finance (NBFC) company, received a muted response from investors. The issue was subscribed an overall 0.97 times the total shares on offer, according to exchange data. Qualified institutional buyers (QIBs) led the subscription, placing bids 1.50 times their quota. On the other hand, the non-institutional investor (NII) and retail investor category remained undersubscribed at 0.05 times and 0.77 times, respectively.
The allotment of shares was finalised on February 12 and listing is scheduled for February 16.
Fractal Analytics IPO Listing Date
Fractal Analytics, on the other hand, received a relatively decent response. The artificial intelligence (AI) firm’s public issue was booked by an overall 2.66 times. QIBs led the subscription, booking 4.18 times, while NIIs and retail investors subscribed 1.06 times and 1.03 times, respectively. Employees of the company, who were offered shares with a discount of 9.50 per cent, placed bids for only 0.61 times their reservation.
The allotment of shares was finalised on February 12 and listing is scheduled for February 16.
