Last updated on January 3rd, 2026 at 01:43 am
Fractal Analytics Limited is a multinational enterprise-AI and data-analytics company that provides global corporations end-to-end AI solutions and decision-intelligence services to help them make data-driven business decisions.
Fractal serves a wide range of large global enterprises across sectors such as consumer packaged goods & retail; technology, media & telecom; healthcare & life-sciences; and banking & financial services.
Fractal’s client list includes some of the world’s biggest companies like Microsoft, Apple, Nvidia, Amazon, Meta, Alphabet, and Tesla.
Fractal Analytics has filed DRHP to raise ~ ₹ 4,900 Cr via IPO out of which Fresh Issue is ~ ₹ 1,279.3 Crore & Offer for Sale of ~ ₹ 3,620.7 Crore.
Subscription date to apply for Fractal Analytics Limited is yet to be announced. Price band for the IPO is also not finalized.
| Issue Size: | ~₹ 4,900 Cr |
| Fresh Issue: | ~₹ 1,279 Cr |
| Offer for Sale: | ~₹ 3,620 Cr |
| Price Range: | TBA |
| Lot Size: | TBA |
| Face Value: | ₹ 1 per Eq. Share |
Revenue, PAT, EBITDA of Fractal Analytics
| Year | Fiscal 2025 |
| Networth | ~ ₹ 1748.3 Cr |
| Revenue: | ~₹ 2765.4 Cr |
| EBITDA | ~₹ 398 Cr |
| PAT | ~₹ 220.6 Cr |
| EBITDA Margin: | ~14.4% |
| PAT Margin | ~8% |
Fractal Analytics IPO important dates
| IPO Open Date: | TBA |
| IPO Close Date: | TBA |
| Anchor Investor Bidding | TBA |
| IPO Allotment Date: | TBA |
| Refunds & Demat Credit | TBA |
| Tentative Listing Date: | TBA |
Fractal Analytics Use of Proceeds
| Purpose | Amount |
| Borrowing payment | ~ ₹ 264.9 Cr |
| R&D AND Marketing | ~ ₹ 355.1 Cr |
| Purchase of Laptops | ~ ₹ 57.1 Cr |
| New Office in India | ~ ₹ 121.1 Cr |
Fractal Analytics Limited Promoters – Pre offer equity (Approx)
| Srikanth Velamakanni | ~5.40% |
| Pranay Agrawal | ~5.93% |
| Chetana Kumar | ~4.65% |
| Narendra Kumar Agrawal | ~4.35% |
Fractal Analytics Limited Financial Data
| 2023 | 2024 | 2025 | |
| Revenue (₹ Cr) | ₹ 1,985.4 | ₹ 2,196.3 | ₹ 2,765.4 |
| Profit (₹ Cr) | ₹ 194.4 | ₹ -54.7 | ₹ 220.6 |
| Asset (₹ Cr) | ₹ 2,248.7 | ₹ 2,392.0 | ₹ 2,857.6 |
| Net Worth (₹ Cr) | ₹ 1,339.2 | ₹ 1,397.0 | ₹ 1,748.3 |
Fractal Analytics IPO Grey Market Premium
| Date | IPO Price | IPO GMP | Profit per lot |
| 20-Dec | ₹ – | ₹ – | ₹ – |
| 19-Dec | ₹ – | ₹ – | ₹ – |
| 18-Dec | ₹ – | ₹ – | ₹ – |
| 17-Dec | ₹ – | ₹ – | ₹ – |
| 16-Dec | ₹ – | ₹ – | ₹ – |
| 15-Dec | ₹ – | ₹ – | ₹ – |
Fractal Analytics Limited IPO Pros & Cons
Strengths:
- Strong global AI player with 113+ marquee enterprise clients ensures stable, recurring revenues and long-term growth visibility.
- Rapidly expanding Gen-AI and enterprise AI product portfolio offers high scalability and future-ready business potential.
- Consistent revenue growth above industry average signals strong demand for AI-driven decision-intelligence solutions.
- Backed by reputed global investors, enhancing credibility, governance quality, and global expansion capability.
- First major AI-focused IPO in India, creating high investor interest and potential listing-day momentum.
Risks:
- Heavy dependence on U.S./global clients exposes revenue to macroeconomic slowdowns and tech-spending cycles.
- AI/analytics space is highly competitive with global giants, putting pressure on pricing and margins.
- Large portion of IPO is Offer-for-Sale, limiting fresh capital directly boosting operations.
- High valuation expectations may reduce margin of safety for retail investors.
- Major clients contribute significant revenue, making retention critical.
Fractal Analytics Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | – | 1 | – | ₹ – |
| Retail (Max) | – | 13 | – | ₹ – |
| Small HNI (Min) | – | 14 | – | ₹ – |
| Small HNI (Max) | – | 66 | – | ₹ – |
| Big HNI (Min) | – | 67 | – | ₹ – |
Core Offerings & Market Share of Fractal Analytics Limited
Fractal Analytics provides enterprise AI, data analytics, and decision-intelligence solutions
to global companies.
Its offers services like AI consulting, machine-learning solutions, data engineering, MLOps, Gen-AI products, and industry-specific AI platforms through its “Cogentiq” and “Fractal Alpha” product lines.
Fractal serves 113+ large global enterprises across CPG, retail, BFSI, healthcare, technology, and telecom sectors. It has a strong global presence with most revenues coming from the U.S. and Europe.
Lead Managers / Registrars of Fractal Analytics Limited
| Lead / Book Running Lead Managers | Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited |
| Registrar (RTA) | MUFG Intime India Pvt Ltd |
Founding Year of Fractal Analytics Limited & Managing Director
Fractal Analytics was founded in 2000.
Mr. Pranay Agrawal is the CEO of the company.
Fractal Analytics Limited FAQ
- Q1. What is the business of Fractal Analytics Limited?
Last updated on January 3rd, 2026 at 01:43 am
Fractal Analytics is a global enterprise AI & data-analytics firm, offering end-to-end AI, ML, data engineering and decision-intelligence services to large corporations across sectors. - Q2. Why is the company raising funds via IPO?
Last updated on January 3rd, 2026 at 01:43 am
It plans to use proceeds to repay debt of its U.S. subsidiary, expanding offices and infrastructure in India, ramp up R&D & generative-AI products, plus fund strategic acquisitions and growth initiatives. - Q3. What is the size of the issue and where will it list?
Last updated on January 3rd, 2026 at 01:43 am
The issue size is approx ₹ 4,900 crore, and it is to be listed on the BSE & NSE platform. - Q4. What are the risks to an investor?
Last updated on January 3rd, 2026 at 01:43 am
Heavy revenue dependence on top clients, of which majority revenue coming from U.S. clients – making results vulnerable to client loss or global slowdowns. - Q5. What are the potential upsides?
Last updated on January 3rd, 2026 at 01:43 am
Strong global enterprise-client base, fast revenue growth and high investment in R&D/Gen-AI – offering long-term growth potential and market leadership. - Q6. How to apply for the IPO?
Last updated on January 3rd, 2026 at 01:43 am
Once subscription opens, you can apply via your broker or IPO-portal/APP (ASBA/UPI route), enter your PAN, Demat/Client ID, choose retail/other category, bid and block funds via mandate. - Q 7. When is the tentative listing date?
Last updated on January 3rd, 2026 at 01:43 am
Exact listing date in yet to be announced, but we can expect listing date in first quarter of 2026.
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