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Fractal Analytics IPO: India's AI Pioneer Sets Price
4 Feb
Summary
- Fractal Analytics priced its IPO between 857-900 rupees per share.
- The AI firm targets a valuation of approximately 144.5 billion rupees.
- Fractal aims to be India's first publicly listed pure-play AI company.
Fractal Analytics, an Indian enterprise artificial intelligence firm, has announced its IPO price band, setting it between 857 and 900 rupees per share. This offering targets a valuation of approximately 144.5 billion rupees, as the company prepares to become India's first pure-play AI-focused listed entity.
The IPO is scheduled to open for retail investors on February 9, with anchor investor bidding commencing earlier on February 6. The bidding process will conclude on February 11. Despite a subdued domestic primary market observed in January 2026, investment bankers anticipate 2026 will be a significant year for India's primary market.
Fractal Analytics, established in 2000 and based in Mumbai, boasts a notable client list including major technology and consumer firms such as Microsoft, Apple, Nvidia, Alphabet, and Tesla. The company has reduced its issue size by over 40% to 28.34 billion rupees for this offering.
Proceeds from the IPO are earmarked for several strategic initiatives. These include repaying debt at its U.S. subsidiary, establishing new offices within India, and investing in research and development, with a particular emphasis on generative artificial intelligence. Shares of Fractal are expected to list on Indian bourses around February 16.
