Fractal Analytics

Fractal Analytics

CLOSED

IPO Date: 9 Feb - 11 Feb 2026

Listing Date: 16 Feb 2026

Price Range

Rs.857 - Rs.900

Issue Size

2834 Cr

Min Investment

13,712

Lot Size

16 Shares

Schedule of Fractal Analytics

Issue open date

9 Feb 2026

Issue close date

11 Feb 2026

UPI mandate deadline

11 Feb 2026 (5 PM)

Allotment finalization

12 Feb 2026

Share credit

13 Feb 2026

Listing date

16 Feb 2026

Mandate end date

26 Feb 2026

Issue size

Funds Raised in the IPOAmount
Overall2834 Cr
Fresh Issue1023.5 Cr
Offer for Sale1810.4 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date12 Feb 2026
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
15 Feb 2026900-28872 (-3.11%)
14 Feb 2026900-12888 (-1.33%)
13 Feb 2026900-23877 (-2.56%)
10 Feb 20269007907 (0.78%)
8 Feb 202690013913 (1.44%)
7 Feb 202690029929 (3.22%)
6 Feb 202690043943 (4.78%)
5 Feb 202690057957 (6.33%)
4 Feb 20269001051005 (11.67%)
3 Feb 20269000900 (0%)

Performance Fractal Analytics

Issue PriceListing GainCurrent Market PriceP/L
Rs.857 - Rs.900 8524 (-2.67%) 793.1-11.88%

About Fractal Analytics

Fractal Analytics is an enterprise artificial intelligence (AI) company that provides data, analytics, and AI-based solutions to large global organisations. Founded in 2000, the company supports enterprises in using data-driven insights for decision-making across business functions. Its operations are organised into two segments: Fractal.ai and Fractal Alpha. Fractal.ai includes AI services and AI products, with products primarily hosted on its agentic AI platform, Cogentiq. These offerings cover customer analytics, operational analytics, product development analytics, sustainability-related analytics, and enterprise decision support. Fractal Alpha comprises independent AI businesses that operate under separate management and serve specific markets and geographies. The company also develops and maintains proprietary AI models and platforms, including foundation models and multi-agent systems, some of which are publicly accessible. Fractal Analytics operates globally, with offices and teams across multiple countries, including India, the United States, the United Kingdom, Canada, Australia, the United Arab Emirates, and Ukraine. Use of proceeds: The IPO consists of both a fresh issue and an offer for sale (OFS).​ Net proceeds from the OFS will go to the respective selling shareholders, while the net proceeds from the fresh issue will be utilised for the following purposes:​​ Investment in one of its subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings— Rs 264.9 crore. Purchase of laptops — Rs 57.1 crore. Setting up new office premises in India — Rs 121.1 crore. Investment in research and development, and sales and marketing under Fractal Alpha — Rs 355.1 crore Funding inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes.

Founded in2000
Managing directorMr Rohan Haldea
Parent organization

Financial Overview

Strengths

  • Long operating history with over 25 years of enterprise AI expertise.
  • Strong relationships with large global enterprises across core industries.
  • End-to-end AI capabilities spanning data, analytics, platforms, and products.
  • High client retention driven by deep integration into client decision systems.
  • Global delivery model supported by skilled talent and scalable platforms.

Risks

  • High revenue concentration from a limited number of large clients.
  • Significant dependence on the U.S. market for the majority of revenues.
  • Rapidly evolving AI regulations may increase compliance costs.
  • Past losses and potential future profitability pressures.
  • Cybersecurity breaches or AI solution failures could harm reputation and finances.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)4.18
Non-Institutional Investors (NIIs)1.05
Retail Individual Investors (RIIs)1.01
EmployeeN/A
Total2.66