Fractal Analytics IPO Opens: Price Band, GMP, Listing Date and Investment Outlook

The initial public offering of Fractal Analytics opened for subscription on Monday, February 9, offering investors exposure to a global enterprise-focused artificial intelligence and analytics company. The IPO will remain open until February 11, with the company’s shares scheduled to debut on the Bombay Stock Exchange and the National Stock Exchange of India on February 16.

Fractal Analytics’ IPO is a book-built issue aggregating to ₹2,833.90 crore. The issue comprises a fresh issue of 1.14 crore shares valued at ₹1,023.50 crore and an offer for sale of 2.01 crore shares amounting to ₹1,810.40 crore. The price band has been fixed between ₹857 and ₹900 per share. Retail investors can apply for a minimum lot size of 16 shares, requiring an investment of ₹14,400 at the upper end of the price band. The allotment of shares is expected to be finalised on February 12.

Market participants tracking unofficial trading activity note that the latest grey market premium (GMP) for the Fractal Analytics IPO stands at ₹17. Based on this premium, the estimated listing price is around ₹917 per share, indicating a potential upside of roughly 1.9 per cent over the issue price. Analysts caution, however, that GMP trends are indicative in nature and can fluctuate depending on market sentiment and subscription demand closer to listing.

Founded in 2000, Fractal Analytics operates as a global enterprise AI and analytics company, working with large organisations to enable data-driven decision-making. The company offers end-to-end analytics and AI solutions by combining deep technical expertise with industry-specific knowledge. Its services cater to clients across sectors such as financial services, healthcare, retail, and technology, with a strong presence in key international markets.

Brokerage firms following the issue have highlighted the long-term growth potential of the global data, analytics, and artificial intelligence market. According to industry estimates cited by analysts, the global Data, Analytics and AI market was valued at approximately $143 billion in FY25 and is expected to expand significantly as enterprises accelerate digital transformation, cloud adoption, and AI-led business strategies.

Market observers note that Fractal Analytics positions itself as a pure-play enterprise AI and analytics company with capabilities spanning the entire value chain, from data engineering and advanced analytics to AI-driven transformation initiatives. The company’s continued investments in generative AI and its focus on long-term relationships with large enterprises are seen as factors that could support sustained growth over time.

At the same time, investors are advised to consider broader market conditions, competition in the global AI services space, and execution risks associated with scaling advanced technology offerings. While the IPO offers exposure to a fast-growing technology theme, listing performance and long-term returns will depend on factors such as revenue growth, margin sustainability, and global demand for enterprise AI solutions.

As interest in artificial intelligence and analytics continues to rise, Fractal Analytics’ market debut is expected to be closely watched by investors seeking participation in emerging technology-driven business models.