How to Apply for the Fractal Analytics Limited IPO: Step-by-Step Investment Guide

    Fractal Analytics is an enterprise-focused data, analytics, and artificial intelligence company that provides solutions to large global organisations across multiple sectors such as financial services, consumer goods, healthcare, and technology. Founded in March 2000, the company has built its offerings around the use of AI, advanced analytics, and domain-led frameworks to support business decision-making and process optimisation within client enterprises. Its core business is structured around two segments - Fractal.ai, which delivers AI services and products primarily through its Cogentiq platform, and Fractal Alpha, which consists of independently managed AI businesses operating on subscription or licensable models. In terms of market positioning, the company operates within the broader enterprise AI and analytics services space, serving multinational clients that require data-driven insights and AI-enabled workflows for operational and strategic use cases.

    To apply for the Fractal Analytics IPO, an investor must have a demat and trading account with a registered intermediary and an active UPI ID for the Application Supported by Blocked Amount (ASBA) process. The application can be submitted through the stock exchange platform of the intermediary, the bank’s online portal, or a UPI-enabled app by selecting the IPO, entering the bid quantity and price (within the price band), and confirming the mandate. Once the application is submitted, the bid amount remains blocked in the investor’s bank account until allotment. After the allotment process is finalised, shares are credited to the investor’s demat account in case of successful allocation, while unblocked funds are released back to the bank account in case of non-allotment.

    For more details, visit the Fractal Analytics Limited IPO page.

    Fractal Analytics Limited IPO Details and Objectives

    Details

    Information

    IPO Date

    Feb 9, 2026 to Feb 11, 2026

    Issue Size

    3,14,87,777 shares (agg. up to ₹2,834 Cr)

    Price Band

    ₹857 to ₹900 per share

    Lot Size

    16 shares

    Listing At

    BSE NSE

    Purpose of the IPO

    • Investment in one of the Subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings

    • Purchase of laptops

    • Setting-up new office premises in India

    • Investment in (a) research and development; and (b) sales and marketing under Fractal Alpha

    • Funding inorganic growth through unidentified acquisitions and other strategic initiatives

    • General corporate purposes

    Timeline of Fractal Analytics Limited IPO

    Event

    Date

    IPO Open Date

    Mon, Feb 9, 2026

    IPO Close Date

    Wed, Feb 11, 2026

    Tentative Allotment

    Thu, Feb 12, 2026

    Initiation of Refunds

    Fri, Feb 13, 2026

    Credit of Shares to Demat

    Fri, Feb 13, 2026

    Tentative Listing Date

    Mon, Feb 16, 2026

    Cut-off time for UPI mandate confirmation

    5 PM on Wed, Feb 11, 2026

    Pricing & Lot Size of Fractal Analytics Limited IPO

    Price Band for the IPO

    •  ₹857 to ₹900 per share

    Minimum Lot Size and Application Details

    Application

    Lots

    Shares

    Amount

    Retail (Min)

    1

    16

    ₹14,400

    Retail (Max)

    13

    208

    ₹1,87,200

    S-HNI (Min)

    14

    224

    ₹2,01,600

    S-HNI (Max)

    69

    1,104

    ₹9,93,600

    B-HNI (Min)

    70

    1,120

    ₹10,08,000

    Fractal Analytics Limited IPO Application Process

    The Fractal Analytics Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:

    Step 1: Login to Your Trading Platform

    Access your trading account using the broker's app or website.

    Step 2: Navigate to the IPO Section

    Go to the IPO section to view active IPO listings.

    Step 3: Select the Open IPO and Click Apply

    Locate Fractal Analytics Limited IPO in the list of available IPOs and click the ‘Apply’ button.

    Step 4: Enter the Quantity of Shares You Wish to Apply For

    Specify the number of shares (lot size: 16 shares) within the price band of ₹857 to ₹900 per share.

    Step 5: Provide Your UPI ID

    Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

    Step 6: Confirm the Application

    Review your application details and confirm the UPI mandate before 5 PM on the last application day.

    Step 7: Complete the Process and Wait for Allotment

    Submit the application and monitor the allotment status to check if shares have been allocated to you.

    Shares Offered in Fractal Analytics IPO

    The allocation of shares in the Fractal Analytics IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.

    Investor Category

    Shares Offered

    QIB Shares Offered

    Not less than 75% of the Net Offer

    Retail Shares Offered

    Not more than 10% of the Net Offer

    NII Shares Offered

    Not more than 15% of the Net Offer

    This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.

    Financial Health and Performance

    Key Financial Metrics

    • Total Assets: Grew from ₹2,248.70 crore in FY23 to ₹2,965.40 crore as of Sept 2025.

    • Total income: Recorded ₹1,594.30 crore in Sept 2025, and ₹2,043.70 crore in FY23.

    • Profit After Tax (PAT): Stood at ₹70.90 crore for Sept 2025 as compared to ₹194.40 crore in FY23.

    • Net Worth: Recorded at ₹1,957.50 crore in Sept 2025 in comparison to ₹1,339.20 crore in FY23.

    • Reserves and surplus: Stood at ₹1,937.10 crore in Sept 2025, as compared to ₹1,323.10 crore in FY23.

    • EBITDA: Stood at ₹185.60 crore in Sept 2025 in comparison to ₹436.80 crore in FY23.

    Recent Performance and Growth Prospects

    • The company’s total assets expanded between FY23 and September 2025, indicating a larger asset base over this period.

    • Total income recorded in September 2025 was lower when compared with the full FY23 figure, reflecting a different revenue run-rate during the interim period.

    • Profit after tax for September 2025 stood below the FY23 level, suggesting a moderation in profitability compared to the earlier financial year.

    • Net worth increased from FY23 to September 2025, reflecting an improvement in the company’s equity position.

    • Reserves and surplus rose over the same period, indicating a strengthening of internal accruals.

    • EBITDA in September 2025 was below the FY23 level, pointing to a change in operating performance relative to the previous year.

    Investment Risks and Opportunities

    Potential Risks of Investing in the IPO

    • The company’s profitability and operating performance in the interim period to September 2025 were lower than in FY23, which indicates variability in financial outcomes over time.

    • A meaningful portion of the IPO proceeds is earmarked for repayment of borrowings and general corporate purposes, which may not directly translate into immediate revenue-generating assets.

    Opportunities and Growth Potential

    • The company operates in the enterprise AI and analytics services space, which continues to see adoption across multiple industries such as BFSI, healthcare, consumer goods, and technology.

    • Proceeds from the issue are intended to support investments in research and development, sales and marketing under Fractal Alpha, and the establishment of new office premises, which could support business expansion over time.

    Key Performance Indicator (KPI)

    KPI

    Dec 31, 2025

    Mar 31, 2025

    RoNW

    3.6%

    12.6%

    PAT Margin

    4.50%

    8.00%

    EBITDA Margin

    11.90%

    14.40%

    Price to Book Value

     

    8.65

    Fractal Analytics Limited IPO Registrar & Lead Managers

    Registrar

    Lead Manager(s)

    MUFG Intime India Pvt.Ltd. 

    Kotak Mahindra Capital Co.Ltd.

    Company Address of Fractal Analytics Limited

    Fractal Analytics Ltd. Address Level 7, Commerz II, International Business Park, Oberoi Garden City Off W. E. Highway, Goregaon (E), Mumbai, Maharashtra, 400063

    Phone: +91 22 6850 5800

    Email: investorrelations@fractal.ai

    Website: https://fractal.ai/

    Conclusion

    Fractal Analytics’ proposed IPO reflects the company’s positioning as an enterprise-focused provider of data, analytics, and AI solutions across sectors such as financial services, healthcare, consumer goods, and technology. The issue structure, including its price band, lot size, timeline, and share allocation framework, follows the standard regulatory process for book-built public offerings in India. The stated objectives of the issue include repayment of borrowings through a subsidiary, capital expenditure on infrastructure, and funding for research, sales, and potential inorganic initiatives, alongside general corporate requirements.

    From a financial perspective, the company’s asset base, net worth, and reserves increased between FY23 and September 2025, while total income, EBITDA, and profit after tax in the interim period were lower than FY23 levels, indicating variability in performance across reporting periods. The application process operates through the ASBA mechanism with UPI-based mandates, and allotment, refunds, and listing follow a pre-disclosed timeline, providing procedural clarity to market participants.

    Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your Fractal Analytics IPO allotment status.

    Frequently Asked Questions

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    Investments in securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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    Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



    This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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    Publish Date: 06 Feb 2026

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