Fractal Analytics, the Enterprise AI company, fixes price for ₹2,834 crore IPO; Details here

Fractal Analytics has fixed the price band for its ₹2,834 crore IPO, which will open for subscription on Monday, February 8, 2026.

Price band for the issue has been fixed between ₹857 to ₹900 apiece. The face value of one share of Fractal Analytics is ₹1 each. Eligible employees will have a discount of ₹85 per share for applying to the IPO.

10% of the issue has been reserved for retail investors, who will have to shell out a minimum investment of ₹14,400 to avail one lot of 16 shares. 75% of the issue is reserved for eligible Qualified Institutional Bidders (QIBs).

At the upper end of the price band, Fractal Analytics values itself at ₹15,473.6 crore. Promoter holding, which stood at 18.18% crore before the IPO, may fall to 16.98% post the issue.

Kotak Capital, Morgan Stanley India, Axis Capital and Goldman Sachs are the Book Running Lead Managers for the issue, with MUFG Intime India Pvt. Ltd. will be the registrar.

The ₹2,834 crore issue will include a fresh issue of shares worth ₹1,023.5 crore, along with an Offer For Sale (OFS) component of ₹1,810.4 crore.

The issue will close for subscription on Wednesday, February 11. Allotment of shares to eligible bidders will take place on Thursday, February 12, while the shares will list on the bourses on February 16.

Fractal Analytics is India's first pure play Enterprise AI company. The company intends to invest some proceeds for the IPO to invest in its subsidiary to help it repay some borrowings. Some part of the proceeds will be used for purchasing laptops, new office premises, and R&D, sales and marketing, along with inorganic acquisitions, which has not been specified.