Fractal Analytics IPO Details
| Detail | Description |
|---|---|
| IPO Date | 9 to 11 Feb, 2026 |
| Listing Date | Mon, Feb 16, 2026 |
| Face Value | ₹ 1 per share |
| Issue Price Band | ₹ 857 to ₹ 900 |
| Lot Size | 16 Shares |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | 3,14,87,777 shares (agg. up to ₹ 2,834 Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | 1,13,72,222 shares (agg. up to ₹ 1,023 Cr) |
| Offer for Sale | 2,01,15,555 shares of ₹1 (agg. up to ₹ 1,810 Cr) |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 16,05,56,718 shares |
| Share Holding Post Issue | 17,19,28,940 shares |
About Fractal Analytics IPO
Fractal Analytics IPO is a book-build issue of ₹2,833.90 crores, which is a combination of a fresh issue of ₹1,023 crores and an offer for sale (OFS) of ₹1,810 crores. The price band for this IPO is set at ₹875 to ₹900 per share and the lot size for an application is 16. The minimum amount of investment required by an individual investor (retail investor) is ₹14,400 (16 shares), while the IPO will open for subscription from Feb 9, 2026, to Feb 11, 2026, on the supposed listing platforms of the Indian stock exchanges, i.e., BSE and NSE, with a tentative listing date fixed as Feb 16, 2026.
Company Background
Fractal Analytics Ltd. was founded in March 2000, a global leader in enterprise AI and decision intelligence. The company operates through 2 primary divisions: Fractal.ai, which provides scalable AI services via its proprietary Cogentiq platform and Fractal Alpha, an internal incubator for high-growth AI businesses like Qure.ai. This company has a strong client roster, including Citibank, Nestlé and Google. A leverages deep domain expertise and a founder-led management team to deliver innovative solutions, maintaining a competitive edge in the rapidly evolving global technology landscape.
Operations & Product Range
Facilities and Production
Fractal Analytics Ltd. maintains a strong global footprint with headquarters in Mumbai and New York, supported by over 15 locations across the UK, Australia, Ukraine and Canada. Its "production" infrastructure is centered on high-end technology centers in India (based in Bengaluru, Gurugram and Chennai) and Palo Alto, housing nearly 4,900 specialists. These facilities simplify the delivery of AI-driven decision intelligence and cloud-based engineering for Fortune 500 clients worldwide.
Brands & Market Presence
The company operates a diverse portfolio of AI brands, including Cogentiq (agentic AI), Asper.ai (revenue growth) and Vaidya.ai (healthcare diagnostics). Fractal Analytics Ltd.’s venture studio, Fractal Alpha, has successfully incubated market-leading subsidiaries like Qure.ai, which gained international acclaim in the medical imaging space. This company commands a dominant presence in the CPG, BFSI and retail sectors, serving 122 "must-win" global giants.
Revenue Channels
- • AL & Analytical Services, like annuity contracts, land and expand strategy and project-based consulting
- • Platform monetisation and recurring income through agentic AI platform
- • Customized services, like Vaidya.ai and Kalaido.ai, are made for specific sectors.
Management & Shareholding
Promoter & Shareholding
The promoters of Fractal Analytics Ltd. are Srikanth Velamakanni, Pranay Agrawal, Chetana Kumar, Narendra Kumar Agrawal and Rupa Krishnan Agrawal, who collectively hold approximately an 18.3% stake in the company. The remaining 81.7% is held by prominent institutional investors, including TPG Capital and Apax Partners (via Quinag Bidco). The upcoming IPO features a fresh issue of ₹1,023.5 Cr alongside an OFS primarily by these existing institutional backers.
Board Members
The board of the company is chaired by Rohan Haldea (Apax Partners) and includes co-founders Srikanth Velamakanni and Pranay Agrawal. The leadership of Fractal Analytics Ltd. is strengthened by high-profile independent directors such as Neelam Dhawan (formerly of HP/Microsoft), Janaki Akella (formerly of McKinsey/Google) and Karen Ann Terrell (formerly of Walmart). Other notable non-executive members include Sasha Mirchandani and Vivek Mohan, ensuring a blend of strategic venture capital and deep enterprise technology expertise.
Fractal Analytics IPO Objectives
- • Funding the capital requirement of its own subsidiary
- • Repayment of debt (in part or in full)
- • Funding the R&D and marketing department for future growth
- • General Corporate purposes
Conclusion
The Fractal Analytics IPO is an opportunity for investors to make a smart investment in a growing & market-leading company. This company has expanded in the global market, as they provide a comprehensive suite of AI capabilities across clients' industries and business functions. This IPO launch aims to strengthen the balance sheet of the company by repayment of debt and investment in the capital requirements of subsidiaries.
Fractal Analytics IPO Financial Information
Latest Revenue
2,816.20
₹ Crore
Profit After Tax
220.60
₹ Crore
Net Worth
1,748.30
₹ Crore
Total Borrowing
266.20
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 2,857.60 | 2,816.20 | 220.60 | 1,748.30 | 1,728.70 | 266.20 | |||
| 31 Mar 2024 | 2,392.00 | 2,241.90 | -54.70 | 1,397.00 | 1,380.50 | 250.10 | |||
| 31 Mar 2023 | 2,248.70 | 2,043.70 | 194.40 | 1,339.20 | 1,323.10 | 325.60 | |||
| Amount in ₹ Crore | |||||||||
Fractal Analytics Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | - |
| Debt/Equity | - |
| RoNW | 12.6% |
| PAT Margin | 8.00% |
| EBITDA Margin | 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 |
Frequently Asked Questions
Recommended Advisory Services
Ready to take your company public? Explore our specialized IPO advisory services tailored for Indian enterprises.
The India IPO Publication is managed by an editorial team that includes highly experienced finance journalists, market researchers and professionals from the capital markets industry who strive to create high-quality content based on credible sources. Our editors write about IPOs, capital markets, corporate news, capital-raising strategies, regulations and other business matters to ensure our audience stays updated with the latest information. We conduct detailed research and fact-check all information before publishing any content to ensure credibility.
Competitive Strengths
Leading player in the world’s AI market.
Strong relationships with growing relationships with global clients.
Experienced promoters & management team.
Professional members in a deep & integrated technical domain.
Download regulatory filings
Fractal Analytics IPO Timeline
| IPO Open Date | Mon, Feb 9, 2026 |
| IPO Close Date | Wed, Feb 11, 2026 |
| Tentative Allotment | Thu, Feb 12, 2026 |
| Initiation of Refunds | Fri, Feb 13, 2026 |
| Credit of Shares to Demat | Fri, Feb 13, 2026 |
| Tentative Listing Date | Mon, Feb 16, 2026 |
| Cut-off time for UPI mandate confirmation | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 16 | ₹14,400 |
| Individual investors (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 |