Fractal Analytics IPO Details
The key details of Fractal Analytics’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹2,833.9 Crores |
| Price Range | ₹857 - ₹900 |
| Retail Quota | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 16 |
| Investment (cut-off price) | ₹14,400 |
| Pre IPO Promotor Holding | 18.19% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Fractal Analytics IPO Timelines
The IPO process for Fractal Analytics includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
09/02/2026
Start Date11/02/2026
End Date13/02/2026
Refund Initiation13/02/2026
Credit of Shares to Demat Ac16/02/2026
Listing DateFractal Analytics IPO Lot Size
The Fractal Analytics IPO has a fixed lot size of 16 shares, at an upper price band of ₹900 per share. For retail investors, the minimum application is 16 shares (1 lot) amounting to ₹14,400, while the maximum is 208 shares (13 lots) worth ₹1,87,200. For Small HNI (S-HNI) investors, the minimum application is 224 shares (14 lots) worth ₹2,01,600, while the maximum is 1,104 shares (69 lots) amounting to ₹9,93,600. Big HNI (B-HNI) investors need to apply for at least 1,120 shares (70 lots), totaling ₹10,08,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 16 | ₹14,400 |
| Retail Maximum | 13 | 208 | ₹1,87,200 |
| S-HNI Minimum | 14 | 224 | ₹2,01,600 |
| S-HNI Maximum | 69 | 1104 | ₹9,93,600 |
| B-HNI Minimum | 70 | 1120 | ₹10,08,000 |
Fractal Analytics IPO Subscription Status
The subscription status for Fractal Analytics IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Fractal Analytics IPO Company Financials
Fractal Analytics reports robust performance in FY2025 with Total Income of ₹2,816.20 crores, managing expenses at ₹2,575.50 crores, and achieving a strong PAT (Profit After Tax) of ₹220.60 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹2,043.70 | ₹2,225.20 | ₹194.40 |
| FY 2024 | ₹2,241.90 | ₹2,250.60 | -₹54.70 |
| FY 2025 | ₹2,816.20 | ₹2,575.50 | ₹220.60 |
| FY 2026 (6 M) | ₹1,594.30 | ₹1,446.20 | ₹70.90 |
About Company
Fractal Analytics, founded in March 2000, is a global enterprise AI and analytics firm focused on enabling data driven decision making for leading organizations worldwide. With more than two decades of experience, the business develops advanced AI solutions by combining strong technical capabilities with deep domain and functional expertise, serving clients across multiple industries and business functions.
As of September 30, 2025, operations were organized into two core segments, Fractal.ai and Fractal Alpha. Fractal.ai delivers AI services and products through the agentic AI platform Cogentiq, which supports product development through embedded tools, governance, low code capabilities, and security. Fractal Alpha comprises independent AI ventures aimed at high growth markets, fostering innovation across geographies and sectors. Key strengths include leadership in a rapidly expanding AI market, enduring relationships with global clients, a strong culture of transparency and trust, sustained innovation, and founder led long term vision, with customers such as Citibank, Costco, Franklin Templeton, Mars, Mondelez, Nationwide, Nestle, and Philips.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2000 | Engineering | Srikanth Velamakanni |
Know Before Investing
Fractal Analytics IPO Strengths
- Fractal Analytics delivers end-to-end artificial intelligence solutions including platforms, consulting services, and proprietary algorithms serving over 200 Fortune 500 clients across BFSI, healthcare, retail, and technology sectors.
- Reported ₹2,701 crore analytical services revenue with 96% from core consulting and emerging SaaS subscriptions growing 167% YoY, reflecting strong enterprise demand for AI transformation.
- Backed by TPG, Apax Partners, and other global funds validating business model scalability and positioning as India’s first pure-play AI unicorn listing.
- Serves major enterprises across regulated industries requiring mission-critical analytics, creating revenue stability and high customer lifetime value.
- Specialized AI products for consumer insights, risk management, marketing optimization, and supply chain analytics differentiate from generalist competitors.
- Operations across US, Europe, India, and APAC enable 24/7 service delivery and proximity to key revenue-generating markets.
Fractal Analytics IPO Risks
- 96% analytical services dependency exposes earnings to project cyclicality, client budget cuts, and talent retention challenges during slowdowns.
- Aggressive unicorn pricing leaves limited margin of safety if growth decelerates or profitability lags peer benchmarks.
- Competition for specialized data scientists, ML engineers, and domain consultants drives compensation inflation impacting margins.
- Dependence on select Fortune 500 accounts creates revenue risk from contract renewals, scope reductions, or competitive displacement.
- Only 2% subscription revenue requires significant platform investment with uncertain enterprise adoption rates versus services dominance.
- Primary revenue geography vulnerable to dollar depreciation, protectionist policies, and enterprise IT budget consolidation.
Swot Analysis for Fractal Analytics IPO
Strengths
Enterprise AI Leadership, Global Scale Operations, Proven R&D Investment
Weaknesses
US Revenue Concentration, Talent Intensity, Single-Client Exposure
Opportunities
Agentic AI Expansion, Sustainability Mandates, Emerging Market Penetration
Threats
AI Hyperscaler Competition, Data Privacy Regulations, Economic Sensitivity
Company Details
Fractal Analytics Ltd.
Level 7, Commerz II, International Business Park, Oberoi Garden City Off W. E. Highway, Goregaon (E), Mumbai, Maharashtra, 400063
Phone: +91 22 6850 5800
Email: investorrelations@fractal.ai
Website: https://fractal.ai/
IPO Registar Details
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: fractal.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
FAQs
The key objectives of Fractal Analytics IPO are:
- Investment in one of their 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
Kotak Mahindra Capital Co. Ltd. Axial Capital Pvt. Ltd. are the book-running lead managers for the Fractal Analytics IPO.
Fractal Analytics offers strong growth potential driven by rising global AI adoption, a 121% net revenue retention rate, and deep relationships with over 100 Fortune 500 clients. Expanding SaaS subscriptions, sustained R & D investment, and exposure to a fast growing AI market support long term scalable growth.
The issue price for the Fractal Analytics IPO is set between ₹857 to ₹900 per share.
To invest in one lot of Fractal Analytics IPO, you need ₹13,712 at the lower price band (₹857 per share) or ₹14,400 at the upper price band (₹900 per share) for a lot size of 16 shares.
Fractal Analytics IPO shares are scheduled to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on February 16, 2026.
Refund/unblocking of funds for Fractal Analytics IPO will begin on February 13, 2026. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Fractal Analytics IPO shares on listing day (February 16, 2026) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.