
Fractal Analytics IPO
Fractal Analytics IPO: India’s First AI-Focused Public Listing
The stock market is experiencing a boost from India’s artificial intelligence revolution. The country’s first dedicated AI company, Fractal Analytics Ltd, plans to launch an initial public offering (IPO) worth ₹2,833.90 crore, establishing intelligent investing as its main focus. The IPO includes 1.14 crore newly issued shares valued at ₹1,023.50 crore and an offer-for-sale component of 2.01 crore shares totaling ₹1,810.40 crore. Fractal operates on a dual business model, selling its cutting-edge AI products to international companies while leveraging them to create sustainable future value. Investors eager to ride the AI wave now have their chance as Fractal prepares to list on India’s exchanges.
| Parameter | Details |
|---|---|
| Company | Fractal Analytics Ltd |
| IPO Type | Book-built |
| IPO Size | ₹2,833.90 crore |
| Fresh Issue | 1.14 crore shares worth ₹1,023.50 crore |
| Offer-for-Sale (OFS) | 2.01 crore shares worth ₹1,810.40 crore |
| IPO Price Band | ₹857 – ₹900 per share |
| Company Valuation (Upper Band) | ₹15,473.60 crore |
| Book Running Lead Manager | Kotak Mahindra Capital Co Ltd |
| Registrar | MUFG Intime India Pvt Ltd |
| Allocation | Institutional Investors (QIBs): 75% Non-Institutional Investors (NIIs): 15% Retail Investors: 10% |
| Significance | India’s first AI-focused company to list on stock exchanges |
Subscription Window: February 9–11, 2026
Share Allotment: February 12, 2026
Listing Date: February 16, 2026, on NSE and BSE
Fractal Analytics scaled down its IPO by over 40% compared to its previous funding round, citing that investors are still new to the AI category. CEO Srikanth Velamakanni said:
“Investors don’t understand AI right now. [We were told to] make sure you price your IPO attractively enough for all of us who are new to the category to come and invest and learn from it and grow from it.”
The company also plans to use part of the proceeds to acquire AI-focused firms and life sciences expertise, strengthening its technological portfolio and market positioning.
(With Inputs)
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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