Fractal Analytics Ltd IPO Details, Dates, Price Band, Financials & Review

Feb 4th 2026
IPO
fractal-analytics-ipo-2026

 

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.

ParticularsDetails
IPO TypeBook 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 Size16 shares
ListingBSE, NSE
IPO DatesFeb 9 – Feb 11, 2026

 

Fractal Analytics IPO Timeline

The following table explains the tentative IPO schedule.

EventDate
IPO OpensFeb 9, 2026
IPO ClosesFeb 11, 2026
AllotmentFeb 12, 2026
RefundsFeb 13, 2026
Listing DateFeb 16, 2026

 

Fractal Analytics IPO Lot Size & Investment

The following table shows the minimum and maximum investment required.

CategorySharesAmount
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.

PeriodTotal IncomePATEBITDA
FY232,043.70194.4436.8
FY242,241.90-54.797.2
FY252,816.20220.6398
Sep 20251,59470.9185.6

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:

MetricValue
RoNW (FY25)12.60%
PAT Margin8.00%
EBITDA Margin14.40%
Price to Book9
Market Capitalisation₹15,473.60 Cr

 

Objects of the Issue

The following explains how IPO proceeds will be used.

PurposeAmount (₹ Cr)
Repayment of subsidiary borrowings264.9
R&D and sales under Fractal Alpha355.1
New office setup in India121.1
Purchase of laptops57
Inorganic growth & general purposesBalance

Fresh capital will largely go into technology, expansion, and growth initiatives.

 

Valuation Snapshot

The following table shows EPS and P/E comparison.

ParticularsPre IPOPost IPO
EPS (₹)13.748.25
P/E (x)65.5109.12

 

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 Image
Author: Diwakar Singh

Diwakar Kumar Singh is a finance writer and BFSI specialist with 7+ years of experience in financial content and research. He has authored hundreds of finance articles, published multiple books internationally, and contributed to research publications. A Gold Medalist MBA from IMT, he brings a strong analytical understanding combined with clear, reader-focused communication. His work focuses on simplifying complex financial topics, including IPO analysis, unlisted shares, financial ratios, and company evaluations, providing well-researched and evidence-based insights to help readers make informed financial decisions.

 

 

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