Fractal Analytics Sets IPO Price Band
Indian enterprise AI firm Fractal Analytics has announced a price band of ₹857–₹900 per share for its upcoming initial public offering (IPO), targeting a valuation of around ₹144.5 billion ($1.6 billion). The IPO will open for anchor investors on February 6, followed by retail investors from February 9 to February 11. The company aims to become India’s first pure-play AI-focused listed firm, with shares expected to debut on stock exchanges around February 16.
The offering comes at a time when India’s primary market is witnessing slower activity, with only three mainboard IPOs launched in January compared to ten in December. Despite subdued market conditions due to global trade and geopolitical uncertainties, investment bankers remain optimistic that 2026 could be a significant year for IPO fundraising in India. Fractal has reduced its issue size by more than 40% to ₹28.34 billion ahead of the launch.
Founded in 2000 and headquartered in Mumbai, Fractal Analytics provides artificial intelligence and analytics solutions to major global clients including Microsoft, Apple, Nvidia, Alphabet, and Tesla. The company plans to use IPO proceeds to repay debt at its U.S. subsidiary, expand office infrastructure in India, and strengthen research and development efforts, particularly in generative AI.
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