Fractal Analytics Ltd. | Globe Capital Market LTD.
Fractal Analytics Ltd.
Closed
Price Band
₹857 to ₹900 per share
IPO Issue Period
9 to 11 Feb, 2026
Issue Size
₹2,834 Cr
Face value
₹1 per share
Fresh issue
₹1,023 Cr
Offer for sale
₹1,810 Cr
Employee Discount
₹85.00
Minimum Shares for Retail
16 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
MUFG Intime India Pvt.Ltd.
Tentative Listing Date
Mon, Feb 16, 2026
QIB
75%
NII
15%
Retail
10%

Kotak Mahindra Capital Co.Ltd.
Axis Capital Ltd.

Fractal Analytics, established in March 2000, is a global enterprise AI and analytics firm that supports major companies in making more intelligent decisions. With over two decades of experience, the company crafts AI solutions by blending its deep technical know-how with domain and functional expertise.

Core Business Structure (as of late 2025)

Fractal organizes its operations into two distinct engines to balance scale with agility:

  • Fractal.ai: The primary services arm. It utilizes Cogentiq, an agentic AI platform that streamlines product development through low-code tools, robust security, and built-in governance.
  • Fractal Alpha: An innovation hub for standalone AI startups. These businesses operate independently to tackle high-growth markets across various industries and regions.

The Fractal Edge

What sets the firm apart isn’t just their algorithms, but their foundation:

  • Market Leadership: They occupy a dominant position in the rapidly expanding AI landscape.
  • Integrated Expertise: They don’t just “do tech”; they blend technical skills with deep functional knowledge.
  • Founder-Led Vision: A stable, long-term leadership team focused on a culture of transparency and trust.
  • Proven Innovation: A consistent track record of moving from “ideas” to “execution.”

Notable Partnerships

Fractal serves a “who’s who” of global industry leaders, including:

  • Finance: Citibank (Citi), Franklin Templeton, Nationwide.
  • Consumer & Retail: Costco, Mars, Mondelez, Nestlé.
  • Healthcare/Tech: Philips.

For the year/period ended (Rs. in Cr.)

FY25 FY24 FY23
Total Revenue 2816.20 2241.90 2043.70
Profit After Tax 220.60 (54.7) 194.40
EPS 14.49 (3.12) 13.39
EBITDA Margin (%) 14.40 4.4 22.0
PAT Margin (%) 8 (2.5) 9.8

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY25
Net Profits(Cr.)
FY25
Fractal Analytics 15,473.60* 900 8.65x 65.5x 2816.20 220.60

There are no listed peers for the company

*Market cap @upper band

 

  • Leading Player in a large and growing AI market
  • Long-standing and growing relationships with marquee, global clients contributing to a diversified revenue base.
  • Deep and integrated technical, domain and functional expertise
  • Track record of inventing and investing to benefit clients
  • Culture of trust, transparency & freedom to nurture talent
  • Experienced founders-led management team focused on building Fractal for the long term

The Company IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Investment in one of our Subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings ( Rs 264.90 Cr)
  • Purchase of laptops ( Rs 57.10 Cr)
  • Setting-up new office premises in India (Rs 121.10 Cr)
  • Investment in (a) research and development; and (b) sales and marketing under Fractal Alpha (Rs 355.10 Cr)
  • Funding inorganic growth through unidentified acquisitions and other strategic initiatives, and general corporate purposes

At the upper band of IPO Rs 900, the stock is valued at 65.5x P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.

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