Fractal Analytics came to market through an IPO that opened on 9 February 2026 and closed on 11 February 2026, and the shares listed on 16 February 2026 on BSE, NSE. The price band was ₹857 to ₹900 per share and one lot was 16 shares, so the minimum application was ₹14,400. The issue size was ₹2833.9 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and Kotak Mahindra Capital Co.Ltd, Axis Capital Pvt.Ltd, Morgan Stanley India, Goldman Sachs India were the lead managers.
As of 11 February 2026.
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Fractal Analytics, founded in March 2000, is a leading global enterprise AI and analytics company that helps large companies make better decisions. Spanning more than two decades, the company designs AI solutions by mixing deep technical acumen with functional and domain expertise. By March 31, 2025, Fractal's products and services were organized into two main segments: Fractal.ai:
This division offers AI products and services via its agentic AI platform, Cogentiq,;aimed at making product development easier with integrated tools, governance, low-code capabilities, and security. Fractal Alpha: This division contains independent AI companies focused on growth markets, operated independently to drive business innovation across geographies and industries. Together, the two divisions offer a full range of AI capabilities across client businesses and industries.
Fractal's strengths are its position of leadership in a rapidly growing AI market, long-standing collaborations with leading global customers, combined technical and domain knowledge, transparency and trust culture, history of innovation, and founder-driven leadership with a long-term perspective. Fractal has more than 4,500 employees globally as of early 2025, reflecting its expanding presence in 17 offices worldwide.
As described in the offer document.
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Fractal Analytics raises Rs 1,248 crore from anchor investors ahead of its Rs 2,834-crore IPO. SBI Small Cap Fund, and Life Insurance Corporation of India were the largest investors for the anchor book, investing Rs 104.99 crore, and Rs 99.99 crore, respectively. Marquee global investors like Morgan Stanley, Amundi Funds, Goldman Sachs, Kuwait Investment Authority, Ashoka WhiteOak, Allspring Global Investments, Societe Generale, Prudent Investment Flexicap Scheme, and Integrated Core Strategies participated in the anchor book.
Out of the overall allocation amounting to 1.38 crore equity shares, 52.77 lakh shares were given to 11 domestic mutual funds such as ICICI Prudential AMC, Motilal Oswal AMC, UTI AMC, Trust MF, Baroda BNP Paribas MF, Bandhan MF, Invesco India, Sundaram MF, Abakkus, and Union MF.
Apart from LIC, the HDFC Life Insurance Company, SBI Life Insurance Company, Bharti Axa Life Insurance Company, and Edelweiss Life Insurance Company also invested in the company through the anchor book mechanism by purchasing shares worth Rs 150.93 crore.
Srikanth Velamakanni, Pranay Agrawal, Chetana Kumar, Narendra Kumar Agrawal, Rupa Krishnan Agrawal. Promoter holding 18.19% before the issue.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Fractal Analytics IPO was a ₹2,833.9 crore book-built issue, comprising a fresh issue of ₹1,023.5 crore and an offer for sale of ₹1,810.4 crore. It was priced at ₹857–₹900 per share with a lot size of 16 shares (₹14,400). The IPO was open from February 9 to February 11, 2026 and was subscribed 2.81x. Shares listed on BSE and NSE on February 16, 2026 at ₹876, a 2.7% discount to the issue price of ₹900. MUFG Intime India Pvt. Ltd.
is the registrar. Kotak Mahindra Capital Co.Ltd and 3 other book running lead managers manage the issue.
The price band of Fractal Analytics IPO is ₹857 to ₹900 per share.
The lot size of Fractal Analytics IPO is 16 shares.
The minimum investment for Fractal Analytics IPO is approximately ₹14,400 based on the upper price band.
The allotment date of Fractal Analytics IPO is Feb 12, 2026.
Fractal Analytics IPO listed on Feb 16, 2026. It was issued at ₹876.0(NSE) and is currently around ₹744.00 as on 2-Nov-2026 3:30 PM, which is approximately -17.3% versus issue price. The 52-week high is ₹1,118.00.
You can check Fractal Analytics IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Fractal Analytics IPO allotment status on Rupix for quick and easy access.
₹857 to ₹900 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 16 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,400.
₹14,400, for one lot of 16 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 9 February 2026 and closed on 11 February 2026.
The basis of allotment was published on 12 February 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 16 February 2026 on BSE, NSE.
The issue size was ₹2833.9 crore. The fresh issue was 1,13,72,222 shares (aggregating up to ₹1023.5 crore). The offer for sale was 2,01,15,555 shares (aggregating up to ₹1810.4 crore).