Fractal Analytics Limited has announced that its initial public offering (IPO) will open for subscription on Monday, February 9, 2026. The anchor investor bidding will take place one working day earlier, on Friday, February 6, 2026. The issue will close on Wednesday, February 11, 2026.
The company has fixed the price band for the offer at ₹857 to ₹900 per equity share of face value ₹1 each. Investors can apply for a minimum of 16 equity shares and in multiples of 16 shares thereafter.
The IPO comprises a fresh issue of equity shares aggregating up to ₹10,235 million and an offer for sale of equity shares aggregating up to ₹18,104 million. Together, the total issue size stands at ₹28,339 million. The offer for sale is being made by existing shareholders, including Quinag Bidco Ltd, TPG Fett Holdings Pte. Ltd., Satya Kumari Remala, Rao Venkateswara Remala, and GLM Family Trust. The issue also includes an employee reservation portion of up to ₹600 million for eligible employees.
The offer is being made through the book-building process in accordance with SEBI regulations. At least 75% of the net offer is reserved for Qualified Institutional Buyers (QIBs). The company, in consultation with the lead managers, may allocate up to 60% of the QIB portion to anchor investors. Of this anchor portion, 33.33% is reserved for domestic mutual funds and 6.67% for life insurance companies and pension funds, subject to valid bids.
Further, 5% of the net QIB portion is reserved exclusively for mutual funds, while the remaining QIB shares will be allotted proportionately to all eligible institutional investors. Not more than 15% of the net offer will be allocated to non-institutional investors, with defined sub-categories based on application size. Retail individual investors will be allocated up to 10% of the net offer, in line with regulatory norms.
All bidders, except anchor investors, must apply through the Application Supported by Blocked Amount (ASBA) mechanism, including UPI for eligible investors. Anchor investors are not permitted to use ASBA.
The equity shares of Fractal Analytics Limited are proposed to be listed on both the BSE and the National Stock Exchange of India.
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 for the issue.
