The Fractal Analytics IPO enters its second day of subscription today, 10 February 2026. By the end of the first day, the issue was subscribed to 0.06 times overall. The bidding window is scheduled to close on February 11, 2026.

Fractal Analytics IPO: Issue Details

Issue Type: The Fractal Analytics IPO is a book-build issue of ₹2,833.9 crores, consisting of a fresh issue of ₹1,023.5 crores and an Offer-for-Sale (OFS) of ₹1,810.4 crores.

Price Band: The price band is set between ₹857 and ₹900 per share.

Lot Size & Minimum Investment: The lot size for an application is 16 shares, and the minimum investment required is ₹14,400 (for retail investors).

Allotment Date: The basis of allotment will be finalised by February 12, 2026

Listing Date: The tentative listing date on NSE and BSE is February 16, 2026.

Book-running Lead Managers: Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Goldman Sachs (India) Securities Private Limited and Axis Capital Limited

Registrar: MUFG Intime India Pvt Ltd

Fractal Analytics IPO Day 2 Subscription Status

[10-February-2026 10:51:00 hrs]

Investor Category	Subscription (Times)
Qualified Institutional Buyers (QIBs)	0.00
Non-Institutional Investors	0.10
Retail Individual Investors (RIIs)	0.46
Employees	0.15
Total	0.11

Utilisation of IPO Proceeds

The net proceeds from the fresh issue will be used to fund the expenses towards the following objectives:

Purchase of laptops
Investment in Subsidiary, Fractal USA, for pre-payment of outstanding borrowings
Setting-up new office premises in India
Investment in research and development and sales and marketing under Fractal Alpha
Inorganic growth through unidentified acquisitions
Other strategic initiatives
General corporate purposes

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Fractal Analytics IPO GMP

According to media reports, the Grey Market Premium (GMP) of the Fractal Analytics IPO is reported at ₹8 over the IPO price.

Fractal Analytics IPO Business Overview

Fractal Analytics is a globally recognised enterprise artificial intelligence company, acknowledged by independent industry analysts such as Everest Group. Over more than two decades, Fractal has developed deep technical expertise along with strong domain and functional capabilities, allowing it to deliver scalable, end-to-end AI solutions to large global organisations.

As of September 30, 2025, Fractal’s offerings are structured across two operating segments: Fractal.ai and Fractal Alpha.

Fractal.ai includes AI-led services and proprietary AI products, largely delivered through the company’s Cogentiq platform, while Fractal Alpha comprises AI-driven businesses focused on building and scaling differentiated data and intelligence assets.

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