Fractal Analytics IPO is a bookbuilt issue of ₹2,833.90 crores. It combines a fresh issue of 1.14 crore shares aggregating to ₹1,023.50 crore and an offer for sale of 2.01 crore shares aggregating to ₹1,810.40 crore.
The IPO opens for subscription on February 09, 2026 and closes on February 11, 2026. The allotment is expected to be finalised on Thursday, February 12, 2025. The price band for the IPO is set at ₹857 to ₹900 per share, and the minimum lot size for an application is 16 shares.
Company Summary
Fractal Analytics, established in March 2000, is a global enterprise AI and analytics firm that supports major companies in making more intelligent decisions. With over two decades of experience, the company crafts AI solutions by blending its deep technical know-how with domain and functional expertise.
As of Sep 30, 2025, Fractal’s offerings were structured into two key segments:
- Fractal.ai: This unit provides AI services and products through its agentic AI platform, Cogentiq, designed to simplify product development with built-in tools, governance, low-code features, and security.
- Fractal Alpha: This segment houses standalone AI businesses targeted at growth markets, managed independently to drive innovation across industries and geographies.
Together, these divisions deliver a comprehensive suite of AI capabilities across client industries and business functions.
Fractal’s strengths include its leadership in a fast-growing AI market, long-term partnerships with top global clients, integrated technical and domain expertise, a culture of transparency and trust, a proven track record of innovation, and founder-led leadership with a long-term vision.
Its customer base includes Citibank, N. A (“Citi”), Costco, Franklin Templeton, Mars, Mondelez, Nationwide, Nestle, Philips, among others.
Company Strengths
- Leading Player in a large and growing AI market
- Long-standing and growing relationships with marquee, global clients contribute to a diversified revenue base.
- Deep and integrated technical, domain, and functional expertise
- Track record of inventing and investing to benefit clients
- Culture of trust, transparency & freedom to nurture talent
- Experienced founders-led management team focused on building Fractal for the long term
Company Financials
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 2,965.4 | 2,857.6 | 2,392 | 2,248.7 |
| Total Income | 1,594.3 | 2,816.2 | 2,241.9 | 2,043.7 |
| Profit After Tax | 70.9 | 220.6 | -54.7 | 194.4 |
| EBITDA | 185.6 | 398 | 97.2 | 436.8 |
| Net Worth | 1,957.5 | 1,748.3 | 1,397 | 1,339.2 |
| Reserves and Surplus | 1,937.1 | 1,728.7 | 1,397 | 1,339.2 |
| Total Borrowing | 274.6 | 266.2 | 250.1 | 325.6 |
| Amount in ₹ Crore | ||||
Objectives of IPO
- Investment in one of our Subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings
- Purchase of laptops
- Setting-up new office premises in India
- Investment in (a) research and development, and (b) sales and marketing under Fractal Alpha
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes
Promoters of the Company
The promoters of the company are Srikanth Velamakanni, Pranay Agrawal, Chetana Kumar, Narendra Kumar Agrawal, and Rupa Krishnan Agrawal.
IPO Details
| IPO Date | February 09, 2026 to February 11, 2026 |
| Listing Date | February 16, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹857 to ₹900 per share |
| Lot size | 16 shares |
| Total Issue size | 3,14,87,777 shares (aggregating upto ₹2,834.00 Cr ) |
| Fresh Issue | 1,13,72,222 shares (aggregating upto ₹1023.00 Cr ) |
| Offer for Sale | 2,01,15,555 shares of ₹1 (aggregating upto ₹1810.00 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 16,05,56,718 shares |
| Share Holding Post Issue | 17,19,28,940 shares |
Category Reservation Table
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
| Only RII | Upto Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Upto Rs 5 lakhs | Yes |
| Employee + RII/NII | 1. Employee limit: Upto Rs 5 lakhs (In certain cases, employees are given a discount if the bidding amount is upto Rs 2 Lakhs) 2. If applying as RII: Upto Rs 2 Lakhs 3. If applying as NII: sNII > Rs 2 Lakhs and upto Rs 10 Lakhs, and bNII > Rs 10 lakhs | Yes for Employee and RII/NII |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 16 | ₹14,400.00 |
| Retail (Max) | 13 | 208 | ₹1,87,200.00 |
| S-HNI (Min) | 14 | 224 | ₹2,01,600.00 |
| S-HNI (Max) | 69 | 1,104 | ₹9,93,600.00 |
| B-HNI (Min) | 70 | 1,120 | ₹10,08,000.00 |
Allotment Schedule
| Basis of Allotment | Thu, 12 Feb, 2026 |
| Initiation of Refunds | Fri, 13 Feb, 2026 |
| Credit of Shares to Demat | Fri, 13 Feb, 2026 |
| Tentative Listing Date | Mon, 16 Feb, 2026 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Source – SEBI, Chittorgarh
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