Fractal Analytics IPO Details
Fractal Analytics IPO Summary
Fractal Analytics IPO opens for subscription on 09 Feb 2026 and closes on 11 Feb 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 16 Feb 2026.
Fractal Analytics IPO price band has been fixed at ₹857 – ₹900 per share. The face value is ₹1 per share with a lot size of 16.
Fractal Analytics IPO total issue size comprises 3,14,87,778 shares (aggregating up to ₹2833.90 Cr). This includes a fresh issue of 1,13,72,222 shares (aggregating up to ₹1023.50 Cr). Offer for Sale consists of 2,01,15,556 shares (aggregating up to ₹1810.40 Cr). Pre-issue shareholding stands at 14,15,52,559, which will increase to 15,96,46,975 post-issue.
Fractal Analytics IPO carries a ₹-28 (-3.11%) GMP, reflecting investor sentiment.
Fractal Analytics IPO Lot Size :Retail Minimum is 1 lot (16 shares) amounting to ₹14,400. Retail Maximum is 13 lots (208 shares) amounting to ₹187,200. SHNI Minimum is 14 lots (224 shares) amounting to ₹201,600. SHNI Maximum is 69 lots (1,104 shares) amounting to ₹993,600. BHNI Minimum is 70 lots (1,120 shares) amounting to ₹1,008,000.
The Lead Managers for Fractal Analytics IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Axis Capital Ltd, Kotak Mahindra Capital Company Ltd, Morgan Stanley India Company Pvt Ltd, Goldman Sachs (India) Securities Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Fractal Analytics Limited RHP.
Fractal Analytics IPO Details
Fractal Analytics IPO Subscription
Fractal Analytics IPO Application Wise Breakup (Approx)
Fractal Analytics IPO Dates
- 09 Feb 2026Opening dateOpen
- 11 Feb 2026Closing dateClose
- 12 Feb 2026Allotment Date Allotment
- 13 Feb 2026Initiation of RefundsRefund
- 13 Feb 2026Credit of SharesCredit
- 16 Feb 2026Listing dateListing
Fractal Analytics IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 16 | ₹14,400 |
| Retail Maximum | 13 | 208 | ₹187,200 |
| SHNI Minimum | 14 | 224 | ₹201,600 |
| SHNI Maximum | 69 | 1104 | ₹993,600 |
| BHNI Minimum | 70 | 1120 | ₹1,008,000 |
Fractal Analytics IPO Reservation
Promoter Holding
Documents
Fractal Analytics IPO Valuations
Fractal Analytics Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 2,965.40 | 2,857.60 | 2,392.00 | 2,248.70 |
| Total Income | 1,594.30 | 2,816.20 | 2,241.90 | 2,043.70 |
| Profit After Tax | 70.90 | 220.60 | -54.70 | 194.40 |
| EBITDA | 185.60 | 398.00 | 97.20 | 436.80 |
| NET Worth | 1,957.50 | 1,748.30 | 1,397.00 | 1,339.20 |
| Reserves and Surplus | 1,937.10 | 1,728.70 | 1,380.50 | 1,323.10 |
| Total Borrowing | 274.60 | 266.20 | 250.10 | 325.60 |
| Amount in ₹ Crore | ||||
About Fractal Analytics IPO
Established in March 2000, Fractal Analytics is a global enterprise artificial intelligence and advanced analytics company supporting large organisations in data-driven decision-making. The Company combines deep technical capabilities with domain and functional expertise to deliver scalable AI solutions.
As of September 30, 2025, Fractal’s operations were structured into two core segments: Fractal.ai, which provides AI services and products through its agentic AI platform Cogentiq, and Fractal Alpha, comprising standalone AI businesses focused on growth markets and managed independently to drive innovation.
Together, these segments deliver a comprehensive suite of AI capabilities across multiple industries and business functions.
The Company’s strengths include leadership in a fast-growing AI market, long-term partnerships with global enterprise clients, integrated technical and domain expertise, a culture of transparency and trust, a proven innovation track record, and founder-led leadership with a long-term strategic vision.
Fractal Analytics serves a diversified customer base including Citibank, Costco, Franklin Templeton, Mars, Mondelez, Nationwide, Nestle, Philips, among others.
Strength Of Fractal Analytics IPO
- Leading Player in a large and growing AI market.
- Long-standing and growing relationships with marquee, global clients contributing to a diversified revenue base.
- Deep and integrated technical, domain, and functional expertise.
- Track record of inventing and investing to benefit clients.
- Experienced founders-led management team focused on building Fractal for the long term.
Risk Of Fractal Analytics IPO
- Security breaches, cyber-attacks, computer viruses and hacking activities may cause material adverse effects on our business, financial performance and results of operations and expose us to liability, which could adversely affect our business and our reputation.
- Our success depends on our ability to attract, retain and expand relationships with our clients. We derived 54.2% of our revenue from operations in our Fractal.ai segment from our top-10 clients, of which one client contributed 8.2% of our revenue, in the six months ended September 30, 2025. We also derived 79.6% of our revenue from operations in our Fractal.ai segment from our existing "Must Win Clients" ("MWC") in the six months ended September 30, 2025. If we cannot maintain and expand our relationships with our existing client base or add new clients, our business, financial condition, cash flows and results of operations may be adversely affected.
- Our focus industries - consumer packaged goods and retail ("CPGR"), technology, media and telecom ("TMT"), healthcare and life sciences ("HLS"), and banking, financial services and insurance ("BFSI") contributed 37.5%, 27.2%, 17.0%, and 12.2%, respectively in the six months ended September 30, 2025 to our revenue from operations in the Fractal.ai segment. Any decrease in demand for AI solutions in these industries could adversely affect our business, financial condition and results of operations.
- We had a net loss in Fiscal 2024 and losses before exceptional items and tax expense in Fiscals 2024 and 2023. There is no assurance that we will not incur losses in the future as we expand our operations.
- Our Company, Subsidiaries, and two of our Directors are involved in certain legal proceedings. Any adverse decision in such proceedings may render us/them liable to liabilities/penalties and may adversely affect our business, cash flows and reputation.
- We derived 64.9%, 64.1%, 65.2%, 61.9% and 66.0% of our revenue from operations from the United States of America for the six months ended September 30, 2025, six months ended September 30, 2024, Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. Our global operations involve challenges and risks that could increase our expenses, adversely affect our results of operations and require increased time and attention from our management.
- Our business depends on the quality and successful implementation of our AI solutions. Delays or failure in meeting contractual timelines or the expectation of our clients may result in cost overrun, loss of business and disputes which in turn could adversely impact our business, financial condition and results of operations.
- We have incurred negative cash flows in the past. There is no assurance that we will not incur losses in the future as we expand our operations.
- We may be adversely affected by the evolving laws and regulations governing our business and the introduction of any new applicable laws and regulations in the jurisdictions we operate in. Failure to comply with the existing, and changes to, laws and regulations applicable to our business could subject our Company to enforcement actions and penalties and otherwise harm our business.
- Our Statutory Auditor has noted certain observations in auditor's report under "Report on Other Legal and Regulatory Requirements" and in their reporting under the Companies (Auditor's Report) Order, 2020.
Objectives Fractal Analytics IPO
1. Investment in one of our Subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings
2. Purchase of laptops
3. Setting-up new office premises in India
4. Investment in (a) research and development; and (b) sales and marketing under Fractal Alpha
5. Funding inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes
Company Contact 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/
Registrar Contact Details
Fractal Analytics FAQs
The Fractal Analytics IPO is a MAINBOARD public issue comprising 31487778 equity shares with a face value of ₹1 each, aggregating to a total issue size of ₹2833.90 Cr. The issue price has been fixed at ₹900 per equity share, and the minimum application size is 16 shares.
The IPO opens for subscription on 09 Feb 2026, and closes on 11 Feb 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹-28 (-3.11%).
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