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Fractal Analytics IPO

Fractal Analytics IPO — date, price band, lot size & details 2026

Fractal Analytics listed on 16 Feb 2026 at ₹876, 2.7% below the ₹900 issue price.

Fractal Analytics IPO is expected to attract strong investor interest as the company is a leading AI and advanced analytics firm serving global clients. It provides data-driven solutions to Fortune 500 companies across industries like banking, healthcare, and retail. With consistent revenue growth and strong presence in the US market, the IPO is likely to be closely watched by investors looking for exposure to the fast-growing AI and analytics sector.

Stock price

Fractal Analytics is listed — here is the live share price.

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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 3 October.

Key dates Listed
  1. Open 09 Feb 2026
  2. Close 11 Feb 2026
  3. Allotment 12 Feb 2026
  4. Refund/credit 13 Feb 2026
  5. Listing 16 Feb 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 9 to 11 Feb, 2026
Price Band ₹857 – ₹900
Face Value ₹1
Lot Size 16 Shares
Issue Size ₹2834 Cr
Sale Type Fresh capital cum OFS
Listing On NSE & BSE
Employee Discount Rs 85.00 per share
Registrar MUFG Intime India Private Limited
Min Investment ₹ 14,400
Reservation
QIB 75%
NII 15%
Retail 10%
Employee 2.33%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 16 shares at the ₹900 cut-off. Drag to size your application.

shares
1 lot lots
If it lists at today's grey market premium of ₹-18
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
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

Three years of numbers

All figures in ₹ crore, as reported in the Fractal Analytics offer document.

Total income
2,816.20
2,044
2,242
2,816
31 Mar 202431 Mar 202530 Sep 2025
Profit after tax
2,816.20
2,044
2,242
2,816
31 Mar 202431 Mar 202530 Sep 2025
EBITDA
398.00
437
97
398
31 Mar 202431 Mar 202530 Sep 2025
Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue 2,816.20 2,241.90 2,043.70
OPM % 12.6 3.3
EBITDA 398.00 97.20 436.80
Net Profit 2,816.20 2,241.90 2,043.70
Debt 266.20 250.10 325.60
Assets 2,857.60 2,392.00 2,248.70

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Fractal Analytics RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
125.76x
EPS (₹)
4.09
RoCE
12.97%
RoNW
12.6%
PAT Margin
8.00%

Fractal Analytics IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹4.09
P/E Ratio (x) 125.76
Market Cap at Offer Price (₹ Cr) ₹619,701.71

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹900 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹677.10 Cr of the issue is earmarked to named objects.

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 Cr
Purchase of laptops ₹57.10 Cr
Setting-up new office premises in India ₹355.10 Cr
Investment in (a) research and development; and (b) sales and marketing under Fractal Alpha Not stated
Funding inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes Not stated

Fractal Analytics IPO Anchor Investors

52 anchor investors across 31 fund houses committed ₹1,248.28 Cr a day before the issue opened.

Anchor Investor Fund House Shares Amount (₹ Cr) % of Anchor Book
SBI Small Cap Fund SBI Mutual Fund 1,166,656 105.00 8.41%
Life Insurance Corp.of India Life Insurance Corp.of India 1,111,104 100.00 8.01%
ICICI Prudential Technology Fund ICICI Prudential Mutual Fund 888,880 80.00 6.41%
Motilal Oswal Active Momentum Fund Motilal Oswal Mutual Fund 111,104 10.00 0.80%
Motilal Oswal Multi Cap Fund Motilal Oswal Mutual Fund 388,864 35.00 2.80%
Motilal Oswal Services Fund Motilal Oswal Mutual Fund 16,672 1.50 0.12%
Motilal Oswal Special Opportunities Fund Motilal Oswal Mutual Fund 16,672 1.50 0.12%
Motilal Oswal Large Cap Fund Motilal Oswal Mutual Fund 166,672 15.00 1.20%
Motilal Oswal Digital India Fund Motilal Oswal Mutual Fund 166,672 15.00 1.20%
Motilal Oswal Infrastructure Fund Motilal Oswal Mutual Fund 22,224 2.00 0.16%
Amundi Funds New Silk Road Amundi 777,776 70.00 5.61%
Goldman Sachs Funds-Goldman Sachs India Equity Portfolio Goldman Sachs 777,776 70.00 5.61%
HDFC Life Insurance Co.ltd. HDFC Life Insurance 777,776 70.00 5.61%
Kuwait Investment Authority Fund 208 Kuwait Investment Authority 666,640 60.00 4.81%
Morgan Stanley Investment Funds Indian Equity Fund Morgan Stanley 55,568 5.00 0.40%
Morgan Stanley Investment Funds-Asia Equity Fund - 55,568 5.00 0.40%
SBI Life Insurance Co.ltd. SBI Life Insurance 777,776 70.00 5.61%
Ashoka Whiteoak Icav-Ashoka Whiteoak Emerging Markets Equity Fund Ashoka Whiteoak 293,952 26.46 2.12%
Ashoka Whiteoak Icav-Ashoka Whiteoak India Opportunities Fund Ashoka Whiteoak 423,360 38.10 3.05%
Ashoka Whiteoak Icav-Ashoka Whiteoak Emerging Markets Equity Ex-China Fund - 60,464 5.44 0.44%
UTI Small Cap Fund UTI Mutual Fund 235,488 21.19 1.70%
UTI Innovation Fund UTI Mutual Fund 94,208 8.48 0.68%
UTI ELSS Tax Saver Fund UTI Mutual Fund 196,256 17.66 1.42%
UTI Midcap Fund UTI Mutual Fund 196,256 17.66 1.42%
Florida Retirement System-Allspring Global Investments,Llc (Emsc) Florida Retirement System 444,432 40.00 3.20%
Optimix Wholesale Global Emerging Markets Share Trust Optimix 111,120 10.00 0.80%
Neo Secondaries Fund - 388,864 35.00 2.80%
Neo Prime Fund - 111,120 10.00 0.80%
Neo Alternatives Investment Trust-Neo Dynamic Strategy Fund Neo 55,568 5.00 0.40%
Chanakya Wealth Creation Fund Chanakya 166,672 15.00 1.20%
Trust MF Small Cap Fund Trust Mutual Fund 88,880 8.00 0.64%
Trust MF Flexi Cap Fund Trust Mutual Fund 77,776 7.00 0.56%
Kiran Vyapar Ltd. Kiran Vypar 222,224 20.00 1.60%
Jupiter Global Fund,The-Jupiter India Select Jupiter 127,472 11.47 0.92%
Jupiter India Fund Jupiter 316,960 28.53 2.29%
Baroda BNP Paribas Multi Cap Fund Baroda BNP Paribas Mutual Fund 388,864 35.00 2.80%
Bandhan Small Cap Fund Bandhan Mutual Fund 277,776 25.00 2.00%
Invesco India Technology Fund Invesco Mutual Fund 55,552 5.00 0.40%
Invesco India Flexi Cap Fund Invesco Mutual Fund 222,224 20.00 1.60%
Sundaram Mid Cap Fund Sundaram Mutual Fund 222,208 20.00 1.60%
Singularity Growth Opportunities Fund Ii - 166,656 15.00 1.20%
Abakkus Flexi Cap Fund - 166,656 15.00 1.20%
Susquehanna Pacific Pty.ltd. Susquehann 166,656 15.00 1.20%
Union Innovation & Opportunities Fund Union Mutual Fund 111,120 10.00 0.80%
New Vernon India Ltd. New Vernon 111,120 10.00 0.80%
Bharti Axa Life Insurance Co.ltd. Bharti Axa Life Insurance 60,736 5.47 0.44%
Edelweiss Life Insurance Co.ltd. Edelweiss Life Insurance 60,736 5.47 0.44%
Integrated Core Strategies (Asia) Pte.ltd. Integrated Core 60,736 5.47 0.44%
Prudent Investment Flexicap Scheme - 60,779 5.47 0.44%
Flumen Investment Trust-1729 Crowth Fund I - 60,736 5.47 0.44%
Goldman Sachs Bank Europe Se-Odi Goldman Sachs 60,736 5.47 0.44%
Societe Generale-Odi Societe General 60,736 5.47 0.44%
Total anchor allocation 1,248.28

Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.

About the company

Fractal Analytics, founded in 2000 in Mumbai, India, by Srikanth Velamakanni, Pranay Agrawal, Nirmal Palaparthi, Pradeep Suryanarayanan, and Ramakrishna Reddy, pioneered analytics-as-a-service to enable data-driven decisions for businesses. The company expanded globally in 2005 with dual headquarters in Mumbai and New York City, later acquiring firms like Imagna Analytics and Mobius Innovations in 2015 to bolster its capabilities. Srikanth Velamakanni and Pranay Agrawal, who previously worked together at ICICI Bank, remain key promoters driving its vision.

Fractal offers end-to-end AI solutions through two main divisions: Fractal.ai, which provides AI services and platforms like the agentic AI platform Cogentiq for decision intelligence, and Fractal Alpha, featuring product-led, IP-driven AI businesses with subscription-based tools. Its services span marketing analytics, predictive modeling, machine learning, and agentic AI, serving over 170 enterprise clients in sectors like BFSI, healthcare, retail, and CPG across 18 countries. Operating a B2B model, Fractal emphasizes long-term client relationships, high retention via deep integration, and global delivery powered by substantial R&D investment at 12.5% of revenue

Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.

Promoters
Chetana Kumar, Narendra Kumar Agrawal, Pranay Agrawal, Rupa Krishnan Agrawal, Srikanth Velamakanni
Promoter holding
160556718 → 171928940
Pre-issue → post-issue
Registered office
Fractal Analytics Ltd. Address Level 7, Commerz II , International Business Park, Oberoi Garden City Off W. E. Highway, Goregaon (E), Mumbai, Maharashtra, 400063
91 22 6850 5800

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Kotak Mahindra Capital Company Limited View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP
Draft RHP
SEBI filing
The draft filed ahead of approval, useful for comparing what changed.
Open the DRHP

Fractal Analytics IPO Documents

Read the filings this page is built from.

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

Listed in Profit 84.2% 16 of 19 listed
Avg Listing Gain +18.5% across 19 issues
Listed Below Issue 3 of 19 listed

Best listing: Moneyview (+61.8%). Weakest: Amagi Media Labs (-12.2%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Fractal Analytics
Email

Frequently asked

What is the GMP of Fractal Analytics?

The current Grey Market Premium is ₹-18, or -2% over the issue price.

What is the Fractal Analytics IPO price band?

₹857 to ₹900, on a face value of ₹1.

When is the allotment?

The basis of allotment is 12 February 2026, with listing on 16 February 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.

Fractal Analytics IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹-18
Subscribed
2.66×
Min bid
₹14,400
Size my application