The initial public offering of Fractal Analytics Ltd was subscribed 1.75 times on its third day on Wednesday, led by demand from qualified institutional buyers (QIBs). Fractal Analytics Ltd., a global AI and analytics firm, launched its initial public offering (IPO) on Feb. 9, 2026.
Ahead of the launch of the Rs 2,800-crore mainboard issue, the GMP for the Fractal Analytics IPO was as high as Rs 57 indicating a potential listing gain of over 6%. Investors who want to bid for shares in the IPO must check the following details before applying for the Fractal Analytics shares.
Fractal Analytics IPO GMP Today
According to InvestorGain, the latest GMP for the Fractal Analytics IPO stood at Rs 3 on Feb. 11. The latest GMP indicates a listing price of Rs 903 apiece at a premium of 0.33% over the upper limit of the issue price of Rs 900 per share.
Note: GMP does not represent official data and is based on speculation.
Fractal Analytics IPO: Subscription Status
The IPO has been booked 2.66 times so far on Wednesday at 7:00 p.m.
- Qualified Institutional Buyers: 4.18 times
- Non-Institutional Investors: 1.06 times
- Retail Individual Investors: 1.03 times
- Employee Reserved: 0.61 times
Fractal Analytics IPO: Key Details
Fractal Analytics' initial public offering (IPO) received bids for 3.64 lakh shares against the 1.85 crore shares on offer, as per data from the NSE. The Rs 2,834‑crore public issue by the artificial intelligence (AI) solutions firm will close on February 11.
The company has set the price band at Rs 857–Rs900 per share, valuing Fractal at nearly Rs 15,500 crore. The firm has also pared down the size of its IPO from the initially proposed Rs 4,900 crore.
Under the revised structure, the offer includes a fresh issue worth up to Rs 1,023.5 crore and an offer for sale (OFS) totalling Rs 1,810.4 crore, taking the overall issue size to Rs 2,833.9 crore.
In its draft prospectus filed in August, Fractal had planned to raise Rs 4,900 crore through the public offering. Shareholders participating in the OFS include Quinag Bidco Ltd, TPG Fett Holdings Pte Ltd, Satya Kumari Remala Rao, Venkateswara Remala and the GLM Family Trust.
Shares of Fractal Analytics are tentatively scheduled to be listed on the BSE and NSE on Feb. 16.
The Qualified Institutional Buyers (QIBs) will be offered a minimum of 75% of the offer. Retail investors will be allocated a maximum of 10% of the issue and a maximum of 15% will be reserved for Non-Institutional Investors.
Kotak Mahindra Capital Ltd. is the book running lead manager and MUFG Intime India Ltd. is the registrar of the issue.
Use Of Proceeds
The company will use proceeds from the IPO to invest in one of its subsidiaries for pre-payment and/or repayment of its borrowings, buying laptops, setting up new office premises, research and development, sales and marketing under Fractal Alpha, inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes.
About Fractal Analytics
Fractal, which was co-founded by Srikanth Velamakanni and Pranay Agrawal in 2000, supports large global enterprises across multiple industry verticals and business functions with data-driven insights and assists in decision-making through end-to-end AI solutions.
Fractal is a leading pure-play data and artificial intelligence company and has domain expertise spanning across consumer packaged goods & retail, technology, media and telecom, healthcare and life sciences, and banking, financial services and insurance. As of March 31, 2025, the firm served global companies, including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla.
Financials
The company reported a 19.86% year-on-year (YoY) rise in revenue from operations at Rs 1,559 crore in H1FY26 compared to Rs 1,300.7 crore in H1FY25. Profit declined 2.74% YoY to Rs 70.9 crore in H1FY26 from Rs 72.9 crore in H1FY25.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
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