Home / Business and Economy / Fractal IPO Sees Slow Start: 9% Subscribed on Day 1
Fractal IPO Sees Slow Start: 9% Subscribed on Day 1
10 Feb
Summary
- Fractal Analytics' IPO garnered only 9% subscription on its first day.
- Retail investors showed more interest, subscribing 35% of their quota.
- The AI firm's IPO is valued at nearly Rs 15,500 crore.
Fractal Analytics, an artificial intelligence solutions provider, has launched its initial public offering (IPO), which saw a subdued response on its opening day. The Rs 2,834-crore IPO garnered just 9% subscription on Monday, February 10, 2026. The category for retail individual investors showed more enthusiasm, with a 35% subscription rate, while non-institutional investors subscribed only 7%.
The three-day IPO, which opened on Monday, February 10, 2026, will conclude on February 11, 2026. Fractal Analytics had previously secured Rs 1,248.26 crore from anchor investors on Friday, February 7, 2026. The price band for the IPO is set between Rs 857 to Rs 900 per share, valuing the company at nearly Rs 15,500 crore.
Originally planned as a Rs 4,900 crore issue, Fractal Analytics scaled down its IPO size. The revised offer includes a fresh issue of equity shares worth up to Rs 1,023.5 crore and an offer for sale (OFS) of Rs 1,810.4 crore. Proceeds from the fresh issue will be used for various purposes, including investments in its subsidiary, office expansion, research and development, and strategic initiatives.
Co-founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal Analytics supports global enterprises with AI solutions for data-driven insights and decision-making. The company, backed by investors like TPG and Apax, has domain expertise across various sectors including CPG, retail, technology, healthcare, and BFSI. Fractal plans to make its stock market debut on February 16, 2026.
