Fractal Analytics, one of India’s leading AI and advanced analytics companies, saw its shares enter the market on a subdued note on Monday, February 16, 2026. The stock opened at ₹876 on the NSE, around 3% below its ₹900 IPO price, while the BSE listing remained nearly flat.
The company raised ₹2,834 crore through its IPO, combining a fresh issue of ₹1,023 crore and an offer for sale of ₹1,810 crore from existing shareholders. Though the IPO was 2.66 times subscribed, most interest came from institutional investors, with retail participation being modest.
Market experts say the soft listing reflects caution over high valuations for AI-focused firms. While short-term gains may be limited, analysts see long-term potential for investors betting on the global growth of AI and analytics.
Founded in 2000, Fractal Analytics serves global clients across consumer goods, retail, healthcare, technology, and finance. In FY25, it reported revenue of ₹2,765 crore and a net profit of ₹220.6 crore, bouncing back from previous losses.
Proceeds from the IPO will fund U.S. expansion, R&D, debt repayment, and strategic growth initiatives, supporting the company’s ambition to strengthen its global footprint.
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