- Price Band fixed at ₹ 857 per equity share of face value ₹1 each to ₹ 900 per equity share of the face value of ₹1 each (“Equity Shares”) of Fractal Analytics Limited (the “Company”)
- Anchor Investor Bidding Date – Friday, February 06, 2026
- Bid /Offer Opening Date – Monday, February 09, 2026, and Bid/ Offer Closing Date –Wednesday, February 11, 2026
- Bids can be made for a minimum of 16 Equity Shares and in multiples of 16 Equity Shares thereafter
Fractal Analytics Limited, a global analytics and artificial intelligence solutions provider, is set to make its public market debut with the launch of its Initial Public Offering (IPO), scheduled to open for subscription on Monday, February 9, 2026, and close on Wednesday, February 11, 2026. The Anchor Investor Bidding Date has been fixed for Friday, February 6, 2026, one working day prior to the opening of the issue.
The company has fixed the price band for the IPO at ₹857 to ₹900 per Equity Share, each having a face value of ₹1. Investors can bid for a minimum of 16 Equity Shares and in multiples of 16 Equity Shares thereafter.
The IPO comprises a fresh issue of equity shares aggregating up to ₹10,235 million, along with an Offer for Sale (OFS) of equity shares aggregating up to ₹18,104 million by existing shareholders. Together, the fresh issue and the OFS constitute the total Offer.
The Offer for Sale is being undertaken by existing shareholders including Quinag Bidco Ltd, TPG Fett Holdings Pte. Ltd., Satya Kumari Remala, Rao Venkateswara Remala, and GLM Family Trust (collectively referred to as the Selling Shareholders). The Offer also includes an Employee Reservation Portion aggregating up to ₹600 million, available for subscription by eligible employees.
The Offer is being made in accordance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, read with Regulation 31 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations. The issue is being conducted through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations.
At least 75% of the Net Offer shall be available for allocation, on a proportionate basis, to Qualified Institutional Buyers (QIBs). The company, in consultation with the Book Running Lead Managers (BRLMs), may allocate up to 60% of the QIB portion to Anchor Investors on a discretionary basis. Of this Anchor Investor portion, 40% is reserved, subject to valid bids being received at or above the allocation price, as follows:
- 33.33% for domestic Mutual Funds
- 6.67% for Life Insurance Companies and Pension Funds
Any under-subscription in the portion reserved for Life Insurance Companies and Pension Funds may be allocated to domestic Mutual Funds. In the event of under-subscription or non-allocation in the Anchor Investor portion, the balance Equity Shares will be added back to the Net QIB Category.
Further, 5% of the Net QIB Category shall be available for allocation on a proportionate basis to Mutual Funds only, with the remaining QIB portion available to all QIBs, including Mutual Funds, subject to valid bids at or above the Offer Price. If aggregate demand from Mutual Funds is less than 5% of the Net QIB Category, the balance Equity Shares shall be added to the remaining QIB portion for proportionate allocation. If at least 75% of the Net Offer cannot be allotted to QIBs, the entire application money shall be refunded.
Up to 15% of the Net Offer shall be available for allocation to Non-Institutional Investors (NIIs). Of this category, one-third shall be allocated to bidders applying for more than ₹200,000 and up to ₹1,000,000, while the remaining two-thirds shall be available to bidders applying for more than ₹1,000,000. Any under-subscription in either sub-category may be allocated to the other, in accordance with SEBI ICDR Regulations.
Up to 10% of the Net Offer shall be available for allocation to Retail Individual Investors (RIIs), subject to valid bids being received at or above the Offer Price and in compliance with applicable SEBI regulations.
All bidders, other than Anchor Investors, are required to participate in the Offer through the Application Supported by Blocked Amount (ASBA) process and must provide details of their respective bank accounts, including UPI IDs for UPI bidders, for blocking of the bid amount by Self-Certified Syndicate Banks (SCSBs) or Sponsor Banks. Anchor Investors are not permitted to participate through the ASBA mechanism.
The Equity Shares of Fractal Analytics Limited are proposed to be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE).
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, and Goldman Sachs (India) Securities Private Limited are acting as the Book Running Lead Managers (BRLMs) to the Offer.
