Fractal Analytics IPO 2026: Price Band, GMP, Dates & Review

Fractal Analytics has launched its much-anticipated Initial Public Offering (IPO), marking an important milestone for Indian capital markets as the country’s first pure-play artificial intelligence (AI) company to go public. The IPO has attracted strong attention from investors due to the growing global demand for AI-led data analytics solutions and Fractal’s established presence in enterprise AI services.

The Fractal Analytics IPO opened for subscription on 9 February 2026 and will remain open until ** 11 February 2026**. The shares are expected to be listed on both the BSE and NSE on 16 February 2026. At the upper end of the price band, the company is valued at a market capitalization of approximately ₹15,474 crore, positioning it among the most significant technology listings in recent times.

The IPO price band has been fixed at ₹857 to ₹900 per equity share, with a lot size of 16 shares. This means retail investors need to make a minimum investment of ₹14,400 at the upper price band. The issue size stands at ₹2,834 crore, consisting of a fresh issue worth ₹1,023.50 crore and an offer for sale (OFS) of ₹1,810.40 crore by existing shareholders. Notably, the issue size has been reduced from earlier plans, reflecting a more conservative and market-aligned valuation approach.

Ahead of the public issue, Fractal Analytics successfully raised ₹1,248.2 crore from anchor investors by allotting 1.38 crore shares at ₹900 per share. Participation from several reputed domestic and global institutional investors has added confidence to the IPO and highlights strong institutional interest in the company’s long-term growth story.

In the unofficial market, the Grey Market Premium (GMP) for Fractal Analytics IPO has shown mixed trends. While initial indications pointed toward a positive listing outlook, the GMP has fluctuated closer to the opening of the issue, suggesting cautious optimism rather than aggressive listing expectations. Investors are advised to treat GMP only as a sentiment indicator and not a guaranteed measure of listing performance.

Founded in 2000, Fractal Analytics is a global AI and advanced analytics company serving Fortune 500 clients across industries such as BFSI, healthcare, retail, consumer goods and technology. The company specializes in data engineering, artificial intelligence, machine learning and decision intelligence, helping enterprises embed AI into their core business operations.

Financially, Fractal Analytics has demonstrated a strong turnaround. In FY25, the company reported revenue of ₹2,765 crore, while profit after tax rose sharply to ₹221 crore, compared to a loss in the previous year. This improvement in profitability has been a key positive highlighted by analysts reviewing the IPO.

Brokerage assessments indicate that the IPO may be suitable for long-term investors with a higher risk appetite who wish to gain exposure to the fast-growing AI sector. However, valuations at the upper price band are considered relatively premium when compared to traditional IT services companies, making disciplined investment evaluation essential.

Overall, the Fractal Analytics IPO represents a rare opportunity to invest in an AI-focused enterprise with global operations, improving financial performance and strong institutional backing. Investors should carefully assess their risk tolerance, long-term goals and broader market conditions before making an investment decision.