Issue subscribed 0.23x overall; allotment expected February 12, listing likely on February 16, 2026
Team Sahi
Fractal Analytics IPO subscription closed on February 11, 2026, with an overall subscription of 2.66 times the shares offered. The IPO listed on NSE and BSE on February 16, 2026, making Fractal Analytics one of India's first publicly listed enterprise AI companies.
Fractal Analytics Limited is a global enterprise AI and analytics company. Established in 2000 and headquartered in Mumbai, it delivers AI-driven decision intelligence solutions to Fortune 500 clients. Its key sectors include BFSI, healthcare, consumer packaged goods, retail, and technology.
For FY25, Fractal reported revenue of ₹2,765.4 crore — a 26% increase year-on-year. Net profit reached ₹220.6 crore. The company operates an asset-light business model, primarily through long-term enterprise analytics contracts.
| Parameter | Details |
|---|---|
| Total Issue Size | ₹2,833.9 crore |
| Fresh Issue | ₹1,023.5 crore |
| Offer for Sale | ₹1,810.4 crore |
| Price Band | ₹857 – ₹900 per share |
| Subscription Dates | Feb 9 – Feb 11, 2026 |
| Allotment Date | Feb 12, 2026 |
| Listing Date | Feb 16, 2026 |
| Listing Exchanges | NSE and BSE |
| Registrar | MUFG Intime India |
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 4.18x |
| Non-Institutional Investors (NII) | 1.05x |
| Retail Individual Investors (RII) | 1.01x |
| Employee Reservation | 0.60x |
| Overall | 2.66x |
QIBs subscribed 4.18 times their allotted portion. This indicates institutional interest in the IPO despite relatively modest retail and NII participation. The employee reservation category was undersubscribed at 0.60x.
For investors who applied in the Fractal Analytics IPO, allotment status can be checked through three channels:
BSE website: Go to the IPO application status page on BSE. Select 'Equity' as issue type, choose 'Fractal Analytics Limited' from the dropdown, and enter your PAN or application number.
NSE website: Visit the NSE IPO allotment page. Select 'Equity' and choose 'Fractal Analytics Limited'. Enter your PAN or application number to view allotment results.
MUFG Intime (Registrar): Visit the MUFG Intime website. Select 'Fractal Analytics Limited' from the company list and enter your PAN, application number, or DP/Client ID.
Fractal Analytics listed on NSE and BSE on February 16, 2026. The listing price reflects the opening trade price on listing day, which is determined by the exchange's price discovery mechanism based on buy and sell orders submitted by participants before market open.
Post-listing, Fractal Analytics shares trade in the normal continuous trading session on NSE and BSE. Investors who received allotment could either hold shares for the longer term or exit based on prevailing market prices.
Fractal Analytics generates revenue primarily through long-term enterprise analytics contracts. Its clients are large corporations requiring AI and data analytics services for business decision-making. The asset-light model means the company does not require significant capital investment in physical infrastructure.
The company's global delivery model includes technology centers across India and delivery capability serving clients in North America, Europe, and Asia Pacific. Its revenue concentration in international markets exposes it to currency fluctuation and global enterprise spending cycles.