Bookbuilding IPO | ₹2,840 Cr | Listing at BSE, NSE
Fractal Analytics IPO is a book build issue of ₹2,840.16 crores. The issue is a combination of fresh issue of 1.14 crore shares aggregating to ₹1,029.76 crores and offer for sale of 2.01 crore shares aggregating to ₹1,810.40 crores.
Fractal Analytics IPO bidding started from Feb 9, 2026 and ended on Feb 11, 2026. The allotment for Fractal Analytics IPO was finalized on Feb 12, 2026. Fractal Analytics IPO will list on BSE, NSE on Feb 16, 2026.
Fractal Analytics IPO price band is set at ₹900 per share. The lot size for an application is 16. The minimum amount of investment required by an retail is ₹14,400 (16 shares) (based on upper price). The lot size investment for sNII is 14 lots (224 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (1,120 shares), amounting to ₹10,08,000.
The issue includes a reservation of up to 7,36,196 shares for employees offered at a discount of ₹85.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Fractal Analytics IPO RHP for detailed Information.
IPO Open
Mon, Feb 9, 2026
IPO Close
Wed, Feb 11, 2026
Issue Price
₹900 per share
Market Cap (Pre-IPO)
₹15,473.60 Cr
| IPO Date | 9 to 11 Feb, 2026 |
| Listing Date | Mon, Feb 16, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹857 to ₹900 |
| Issue Price | ₹900 per share |
| Lot Size | 16 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹85.00 |
| Total Issue Size | 3,15,57,305 shares (agg. up to ₹2,840 Cr) |
| Fresh Issue | 1,14,41,751 shares (agg. up to ₹1,030 Cr) |
| Offer for Sale | 2,01,15,554 shares of ₹1 (agg. up to ₹1,810 Cr) |
| Share Holding Pre Issue | 16,05,56,718 shares |
| Share Holding Post Issue | 17,19,98,469 shares |
| BSE Script Code / NSE Symbol | 544700 / FRACTAL |
| ISIN | INE212S01015 |
Fractal Analytics IPO offers total 3,15,57,305 shares. Out of which 2,31,15,833 (73.25%) allocated to QIB, 92,46,334 (29.30%) allocated to QIB (Ex- Anchor), 46,23,166 (14.65%) allocated to NII 30,82,110 (9.77%) allocated to RII and 1,38,69,499 (43.95%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 2,31,15,833 (73.25%) | NA |
| − Anchor Investor Shares Offered | 1,38,69,499 (43.95%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 92,46,334 (29.30%) | NA |
| NII (HNI) Shares Offered | 46,23,166 (14.65%) | NA |
| − bNII > ₹10L | 30,82,111 (9.77%) | 13,759 |
| − sNII < ₹10L | 15,41,055 (4.88%) | 6,879 |
| Retail Shares Offered | 30,82,110 (9.77%) | 1,92,631 |
| Employee Shares Offered | 7,36,196 (2.33%) | NA |
| Total Shares Offered | 3,15,57,305 (100.00%) |
Investors can bid for a minimum of 16 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹1,87,200 |
| S-HNI (Min) | 14 | 224 | ₹2,01,600 |
| S-HNI (Max) | 69 | 1,104 | ₹9,93,600 |
| B-HNI (Min) | 70 | 1,120 | ₹10,08,000 |
Fractal Analytics IPO raises ₹1,248.25 crore from anchor investors. Fractal Analytics IPO Anchor bid date is February 6, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Feb 6, 2026 |
| Shares Offered | 1,38,69,499 |
| Anchor Portion (₹ Cr.) | 1,248.25 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Mar 13, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, May 12, 2026 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to 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 | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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:
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.
| 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 | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in one of our Subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings | 264.90 |
| 2 | Purchase of laptops | 57.10 |
| 3 | Setting-up new office premises in India | 121.10 |
| 4 | Investment in (a) research and development; and (b) sales and marketing under Fractal Alpha | 355.10 |
| 5 | Funding inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes | 161.10 |
| Total | 959.30 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| RoNW | 3.6% | 12.6% |
| PAT Margin | 4.50% | 8.00% |
| EBITDA Margin | 11.90% | 14.40% |
| Price to Book Value | 8.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 13.74 | 8.25 |
| P/E (x) | 65.5 | 109.12 |
| Promoter Holding | 18.19% | 16.98% |
| Market Cap | ₹15,473.60 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission) | 71.10 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage, underwriting commission and selling commission for Syndicate Member and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs. | 2.40 |
| 3 | Fees payable to the Registrar to the Offer | 0.10 |
| 4 | Fees payable to auditors, legal counsel, consultants, market research firm, monitoring agency and other parties to the Offer | 70.90 |
| 5 | Advertising and marketing expenses | 13.80 |
| 6 | Listing fees, SEBI filing fees, upload fees, BSEand NSE processing fees, book buildingsoftware fees and other regulatory expenses | 8.30 |
| 7 | Printing and stationery expenses | 0.60 |
| 8 | Miscellaneous | 9.80 |
| Total | 177.00 |
Lead Manager Reports
Fractal Analytics IPO is a main-board IPO of 3,15,57,305 equity shares of the face value of ₹1 aggregating up to ₹2,840 Crores. The issue is priced at ₹900 per share. The minimum order quantity is 16.
The IPO opens on Mon, Feb 9, 2026, and closes on Wed, Feb 11, 2026.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Fractal Analytics IPO using UPI as a payment gateway. Zerodha customers can apply in Fractal Analytics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fractal Analytics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fractal Analytics IPO opens on Mon, Feb 9, 2026 and closes on Wed, Feb 11, 2026.
Fractal Analytics IPO lot size is 16, and the minimum amount required for application is ₹14,400.
You can apply in Fractal Analytics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Fractal Analytics IPO will be done on Thursday, February 12, 2026, and the allotted shares will be credited to your demat account by Fri, Feb 13, 2026. Check the Fractal Analytics IPO allotment status.
The Fractal Analytics IPO listing date is on Mon, Feb 16, 2026.
