Fractal Analytics IPO Opens for Subscription on Monday, February 9
The much-anticipated initial public offering (IPO) of Fractal Analytics is set to open for subscription tomorrow, Monday, February 9. This marks a significant milestone for the global enterprise artificial intelligence and analytics company, which was founded in March 2000. Over the past two decades, Fractal has established itself as a leader in helping large organizations enhance their decision-making processes through advanced AI solutions.
Company Background and Business Segments
Fractal Analytics leverages its extensive technical expertise and deep domain knowledge across various functions to develop innovative AI products and services. As of September 30, 2025, the company's operations are divided into two primary divisions:
- Fractal.ai: This division focuses on providing AI products and services through its agentic AI platform, Cogentiq. The platform is designed to accelerate product development by integrating essential tools, governance frameworks, low-code capabilities, and robust security measures.
- Fractal Alpha: This segment comprises independently managed AI ventures that explore new markets and foster innovation across multiple industries and geographic regions.
Key Details of the Fractal Analytics IPO
Here are the essential facts investors need to know about this public offering:
- IPO Dates: The subscription window opens on Monday, February 9, and closes on Wednesday, February 11.
- Price Band: The IPO price band has been fixed between ₹857 and ₹900 per equity share, with a face value of Re 1.
- Lot Size: Investors can apply in lots of 16 equity shares and multiples thereof.
- Issue Size: The total issue is valued at ₹2,834 crore, consisting of a fresh issue of shares worth ₹1,023.5 crore and an Offer For Sale (OFS) component of ₹1,810.4 crore.
- Grey Market Premium (GMP): The current GMP for Fractal Analytics shares is ₹98. Based on the upper end of the price band and this premium, the estimated listing price is around ₹998 per share, representing a potential gain of approximately 10.89% over the IPO price of ₹900.
- Anchor Investors: Allocation to anchor investors was scheduled for Friday, February 6.
- IPO Objectives: The company plans to utilize the proceeds to repay debts of a subsidiary, purchase laptops, acquire new office premises, and invest in research and development, sales and marketing, and certain undisclosed acquisitions.
- Allotment and Listing: The allotment basis is tentatively expected to be finalized on Thursday, February 12. Refunds will be processed on Friday, February 13, with shares credited to demat accounts on the same day. Listing on BSE and NSE is anticipated on Monday, February 16.
- Lead Managers and Registrar: The Book Running Lead Managers include Kotak Capital, Morgan Stanley India, Axis Capital, and Goldman Sachs. MUFG Intime India Pvt. Ltd. will serve as the registrar.
- Reservation Categories: The IPO reserves at least 75% of shares for qualified institutional buyers (QIB), up to 15% for non-institutional investors (NII), and up to 10% for retail investors. Additionally, shares worth ₹600 million have been reserved for employees.
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