Fractal Analytics IPO is a book-built issue worth ₹2,833.90 crore, consisting of a fresh issue of ₹1,023.50 crore and an offer for sale of ₹1,810.40 crore. The IPO opens on February 9, 2026, and closes on February 11, 2026, with tentative listing on BSE and NSE on February 16, 2026.
The IPO is priced in the range of ₹857 to ₹900 per share, with a minimum investment of ₹14,400 for retail investors. Fractal Analytics is one of India’s most well-known enterprise AI and advanced analytics companies, serving large global corporations across industries.
Let us understand the Fractal Analytics IPO in detail.
Fractal Analytics IPO – Key Details 2026
The following are some of the important and key details about the Fractal Analytics IPO.
Particulars
Details
IPO Type
Book Building IPO
IPO Size
₹2,833.90 Cr
Fresh Issue
₹1,023.50 Cr
Offer for Sale
₹1,810.40 Cr
Price Band
₹857 – ₹900
Lot Size
16 shares
Listing
BSE, NSE
IPO Dates
Feb 9 – Feb 11, 2026
Fractal Analytics IPO Timeline
The following table explains the tentative IPO schedule.
Event
Date
IPO Opens
Feb 9, 2026
IPO Closes
Feb 11, 2026
Allotment
Feb 12, 2026
Refunds
Feb 13, 2026
Listing Date
Feb 16, 2026
Fractal Analytics IPO Lot Size & Investment
The following table shows the minimum and maximum investment required.
Category
Shares
Amount
Retail (Min)
16
₹14,400
Retail (Max)
208
₹1,87,200
sNII (Min)
224
₹2,01,600
bNII (Min)
1,120
₹10,08,000
About Fractal Analytics Business Operations
Founded in 2000, Fractal Analytics Ltd. is a global enterprise AI and advanced analytics company that helps large organisations make data-driven decisions using artificial intelligence, machine learning, and domain expertise.
The company works with Fortune 500 clients across industries such as:
Banking & financial services
Retail & consumer goods
Healthcare & pharmaceuticals
Manufacturing and technology
Fractal’s client list includes Citi, Costco, Mars, Mondelez, Nestlé, Philips, Nationwide, and several other global brands.
Business Segments of Fractal Analytics
The following are the core operating segments of Fractal Analytics.
Fractal.ai
This segment provides enterprise AI services and products through Cogentiq, an agentic AI platform that enables:
Faster AI product development
Built-in governance and compliance
Low-code tools for enterprises
Secure deployment at scale
Fractal Alpha
This segment houses independent AI-led businesses focused on:
New growth markets
Emerging AI use cases
Innovation across industries
Together, these segments allow Fractal to serve both large enterprises and high-growth AI opportunities.
Global Presence & Workforce
The following highlights the company’s operational scale.
Presence across North America, Europe, and Asia
Strong delivery centres in India and overseas
Deep domain + engineering talent pool
Long-term relationships with global enterprises
Competitive Strengths of Fractal Analytics
The following are the key strengths of the company:
Strong positioning in the fast-growing AI and analytics market
Long-standing relationships with global marquee clients
Deep integration of AI, domain, and functional expertise
Proven ability to innovate and scale AI solutions
Founder-led management with long-term vision
Fractal Analytics – Financial Performance
The following table shows restated consolidated financials.
Period
Total Income
PAT
EBITDA
FY23
2,043.70
194.4
436.8
FY24
2,241.90
-54.7
97.2
FY25
2,816.20
220.6
398
Sep 2025
1,594
70.9
185.6
Key insight: The business shows revenue growth with fluctuating profitability, which is common in AI-heavy, investment-driven companies.
Key Performance Indicators (KPI)
The following table highlights important valuation and profitability metrics:
Metric
Value
RoNW (FY25)
12.60%
PAT Margin
8.00%
EBITDA Margin
14.40%
Price to Book
9
Market Capitalisation
₹15,473.60 Cr
Objects of the Issue
The following explains how IPO proceeds will be used.
Purpose
Amount (₹ Cr)
Repayment of subsidiary borrowings
264.9
R&D and sales under Fractal Alpha
355.1
New office setup in India
121.1
Purchase of laptops
57
Inorganic growth & general purposes
Balance
Fresh capital will largely go into technology, expansion, and growth initiatives.
Valuation Snapshot
The following table shows EPS and P/E comparison.
Particulars
Pre IPO
Post IPO
EPS (₹)
13.74
8.25
P/E (x)
65.5
109.12
Risks to Consider
Investors should be aware of the following risks.
High valuation relative to earnings
Profitability volatility due to heavy AI investments
Client concentration risk in large enterprises
Intense global competition in enterprise AI services
Summary
Fractal Analytics Ltd. represents a strong enterprise AI and analytics growth story, backed by long-standing global clients, deep domain expertise, and a scalable business model. The company operates in a high-growth AI market, where long-term demand is expected to remain strong.
However, the IPO is priced at a premium valuation, and profitability has shown year-to-year volatility due to continuous investments in AI platforms, R&D, and global expansion.
This IPO may appeal to investors looking for:
Exposure to the enterprise AI and analytics theme
A company with global marquee clients and deep AI expertise
Long-term participation in data-driven digital transformation
If you are targeting long-term compounding and are comfortable with valuation risk, Fractal Analytics IPO is worth evaluating. For short-term listing gains, expectations should remain moderate due to the pricing and OFS component.
Disclaimer
This content is for informational and educational purposes only and does not constitute investment advice. UnlistedKraft is not responsible for any losses arising from investment decisions based on this content. Readers should conduct their own research and consult qualified professionals before investing. IPO is expected to list on Feb 16, 2026, on BSE and NSE.
Frequently Asked Questions
What is the Fractal Analytics IPO?
Fractal Analytics IPO is a main-board IPO of ₹2,833.90 crore, consisting of fresh issue and OFS, priced at ₹857–₹900 per share.
When does the Fractal Analytics IPO open?
The IPO opens on February 9, 2026, and closes on February 11, 2026.
What is the lot size of Fractal Analytics IPO?
The minimum lot size is 16 shares.
Is Fractal Analytics profitable?
Yes, the company reported profits in FY25 and the latest interim period, though profitability has been volatile.
Who are the promoters of Fractal Analytics?
The promoters include Srikanth Velamakanni, Pranay Agrawal, Chetana Kumar, Narendra Kumar Agrawal, and Rupa Krishnan Agrawal.
What does Fractal Analytics do?
It provides enterprise AI, analytics, and decision intelligence solutions to global corporations.
Author: Diwakar Singh
Diwakar Kumar Singh is a BFSI specialist and finance writer with over 7 years of hands-on experience in financial research, content creation, and analysis.
A Gold Medalist in MBA (Marketing) from IMT, he combines deep analytical skills with practical insights gained from evaluating companies, IPOs, unlisted shares, financial ratios, and investment opportunities. Diwakar has personally analysed hundreds of financial instruments and market scenarios, which he uses to break down complex topics into clear, actionable advice.
He has authored numerous in-depth finance articles, published multiple books internationally, and contributed to research publications. His work focuses on helping everyday investors and readers make better-informed financial decisions through well-researched, evidence-based explanations that are always grounded in real-world application rather than theory alone.