There were 07 main board IPOs in February 2026 including Fractal Analytics Limited, Aye Finance Limited, Gaudium IVF & Women Health Limited, Shree Ram Twistex Limited, Cleanmax Enviro Energy Solutions Limited, PNGS Rewa Diamonds Jewellery Limited and Omnitech Engineering Limited, against 03 main board IPOs in January 2026. There were 05 SME IPOs in February 2026 as compared to 10 SME IPOs in January 2026.
Fractal Analytics Limited:
About the Company | Founded in 2000, Fractal Analytics Limited is an India-based artificial intelligence and advanced analytics company that provides enterprise AI solutions, data engineering and decision intelligence services to global corporations. The company operates across industries including consumer goods, healthcare, retail, financial services and technology. Fractal serves several global Fortune 500 clients including Microsoft, Apple, Nvidia, Alphabet and Amazon. The company focuses on building AI platforms and products such as Fractal Alpha, along with generative AI and machine learning solutions that help enterprises improve decision-making and operational efficiency. In FY25, Fractal Analytics reported operating revenue of approximately Rs. 2,816 crore and PAT of Rs. 220 crore.
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Funds Utilization | The IPO proceeds from the fresh issue will primarily be utilized towards repayment of debt at its US subsidiary, investment in research and development for AI and generative AI initiatives, expansion of office infrastructure in India, strengthening sales and marketing efforts under its Fractal Alpha platform, and potential acquisitions along with general corporate purposes |
Anchor Investors & Selling Shareholders | The company raised approximately Rs. 1,248 crore from anchor investors prior to the IPO. The anchor book saw participation from several institutional investors including SBI Small Cap Fund, Life Insurance Corporation of India (LIC), ICICI Prudential, Motilal Oswal, HDFC Life, Goldman Sachs and Morgan Stanley. The Offer for Sale included early investors such as TPG Fett Holdings and Quinag Bidco (Apax Partners) |
IPO Performance | The Rs. 2,834 crore IPO comprised a fresh issue of approximately Rs. 1,023 crore and an offer for sale of around Rs. 1,810 crore. The issue was priced in the band of Rs. 857 – Rs. 900 per share. The IPO was subscribed approximately 2.7 times, driven largely by strong demand from Qualified Institutional Buyers (QIBs). Shares of Fractal Analytics Limited listed on the exchanges at around Rs. 872 on NSE and Rs. 868 on BSE, reflecting a modest discount to the upper issue price. |
Acknowledgements:
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
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