Fractal Analytics IPO to Open on February 9; Price Band Set at ₹857–₹900
Fractal Analytics Files for ₹28,339 Million IPO, Anchor Bidding on February 6
AI Leader Fractal Analytics Heads to Public Markets with ₹28.3 Billion IPO
Fractal Analytics Takes IPO Route to Fuel Global AI and Analytics Expansion
Bilkul Bazaar | By Rafat Quadri
Ahmedabad| 06 February 2026
Fractal Analytics Limited, a global provider of artificial intelligence and advanced analytics solutions, has announced the opening of its initial public offering (IPO) on Monday, February 9, 2026. The anchor investor bidding will take place on Friday, February 6, 2026, while the issue will close on Wednesday, February 11, 2026.
The company has fixed the price band at ₹857 to ₹900 per equity share, with a face value of ₹1 each. Investors can bid for a minimum of 16 equity shares and in multiples thereof.
The IPO comprises a fresh issue aggregating up to ₹10,235 million and an offer for sale (OFS) of up to ₹18,104 million by existing shareholders, including Quinag Bidco Ltd, TPG Fett Holdings Pte. Ltd., Satya Kumari Remala and Rao Venkateswara Remala, and GLM Family Trust. The offer also includes an employee reservation portion of up to ₹600 million.
The issue is being made through the book-building process in accordance with SEBI ICDR Regulations. At least 75% of the net offer is reserved for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and up to 10% for Retail Individual Investors (RIIs).
Commenting on the IPO, Srikant Velamakanni, Group Chief Executive and Executive Vice-Chairman, Fractal Analytics Limited, said,
“Fractal’s journey has been driven by a singular focus on helping enterprises unlock the full potential of AI at scale. This IPO marks an important milestone as we look to deepen our global presence, invest in cutting-edge AI platforms, and build long-term value for all stakeholders.”
Ashwath Bhat, Chief Financial Officer, added, “The proceeds from the fresh issue will strengthen our balance sheet and support investments in technology, talent, and strategic growth initiatives. We believe the public markets will provide us with greater financial flexibility as we scale our operations.”
From the lead manager’s perspective, Arjun Jani, Senior Manager, Axis Capital Limited, said,
“Fractal has built a differentiated AI-led analytics platform with deep domain expertise across industries. The IPO offers investors an opportunity to participate in a high-quality, scalable digital business with strong global credentials.”
Senior management of the company, including Group Chief Executive and Executive Vice-Chairman Srikant Velamakanni, Chief Financial Officer Ashwath Bhat, and representatives from the book-running lead managers, were present in Ahmedabad on Thursday, where they interacted with the media and shared insights into the company’s growth strategy, market opportunities, and objectives behind the public issue.
The equity shares are proposed to be listed on BSE Limited and National Stock Exchange of India Limited.
The book-running lead managers to the issue are Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, and Goldman Sachs (India) Securities Private Limited.
Widely regarded as one of the leading and most differentiated artificial intelligence and advanced analytics companies to emerge from India, Fractal Analytics Limited has built a strong global reputation for delivering business-critical AI solutions at scale. The company stands out for its deep domain expertise across consumer goods, retail, financial services, and healthcare, combined with proprietary platforms and long-standing relationships with Fortune 500 clients. With a significant share of revenues generated from international markets, Fractal is often seen as among the very few Indian-born AI companies operating at the top tier of the global analytics ecosystem, blending cutting-edge research, applied AI, and measurable business impact.
(Rafat Quadri can be contacted at editorbilkul@gmail.com)
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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