Fractal Analytics Limited, incorporated in March 2000, is a global enterprise AI and advanced analytics company that partners with leading organizations to drive data-led decision-making. Over the last two decades, the company has built deep expertise across artificial intelligence, machine learning, data engineering, and decision sciences. Fractal works closely with large enterprises across sectors such as financial services, healthcare, retail, technology, and consumer goods, helping them solve complex business problems using AI-driven insights.
The company operates through its AI-focused platforms and solutions that combine strong technical capabilities with domain and functional expertise. Fractal’s offerings are designed to improve productivity, enhance customer experience, and enable faster innovation for its clients. With a strong global presence and long-standing client relationships, Fractal has positioned itself as a trusted partner in the rapidly growing enterprise AI and analytics ecosystem.
IPO Size Reduction:-
As per the Draft Red Herring Prospectus (DRHP), Fractal Analytics Limited had initially proposed a total IPO size of ₹49,000 million (₹4,900 crore), which included both a fresh issue and an offer for sale component. However, in the Red Herring Prospectus (RHP), the company has significantly reduced the overall issue size.
According to the RHP, the final total offer size now stands at ₹28,339 million (₹2,833.9 crore). This indicates a reduction of ₹20,661 million, which translates to approximately ₹2,066.1 crore compared to the DRHP stage.
The reduction has occurred due to revised selling plans by existing shareholders and adjustments to the fresh issue and OFS components. Importantly, this change is not linked to any deterioration in the company’s business or financial performance.
IPO Timeline (Finalised)
IPO Open Date: February 9, 2026 (Monday)
IPO Close Date: February 11, 2026 (Wednesday)
Tentative Basis of Allotment: February 12, 2026 (Thursday)
Initiation of Refunds: February 13, 2026 (Friday)
Credit of Shares to Demat: February 13, 2026 (Friday)
Tentative Listing Date: February 16, 2026 (Monday)
Promoters:-
The promoters of Fractal Analytics Limited are Srikanth Velamakanni, Pranay Agrawal, Chetana Kumar, Narendra Kumar Agrawal, and Rupa Krishnan Agrawal. These promoters have been closely associated with the company since its early stages and play a key role in shaping Fractal’s long-term strategy, leadership, and growth in the global AI and analytics space.
Details of the Offer for Sale:-
The IPO of Fractal Analytics Limited comprises an Offer for Sale by existing shareholders. Under this structure, current investors are selling a portion of their equity holdings. The key selling shareholders and the value of shares offered by each of them are outlined below:
Quinag Bidco Ltd Quinag Bidco Ltd is the largest selling shareholder in the IPO. The company is offering equity shares aggregating up to ₹880.9 crore through the Offer for Sale.
TPG Fett Holdings Pte. Ltd. TPG Fett Holdings Pte. Ltd. is participating as a major institutional seller and is offering equity shares worth ₹450.0 crore.
Satya Kumari Remala and Rao Venkateswara Remala The promoter shareholders, Satya Kumari Remala and Rao Venkateswara Remala, are jointly offering equity shares aggregating up to ₹29.5 crore under the Offer for Sale.
GLM Family Trust GLM Family Trust is also a significant selling shareholder in the IPO and is offering equity shares valued at ₹450.0 crore.
IPO Reservation Structure
Qualified Institutional Buyers (QIBs): Not less than 75% of the net offer
Non-Institutional Investors (NIIs): Not more than 15% of the net offer
Retail Individual Investors: Not more than 10% of the net offer
Employee Reservation: Applicable
Book Running Lead Managers (BRLMs)
Kotak Mahindra Capital Company Limited
Morgan Stanley India Company Private Limited
Axis Capital Limited
Goldman Sachs (India) Securities Private Limited
Registrar to the Offer
MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited)
As of now, Fractal Analytics Limited has not announced the IPO price band or the lot size. These details are expected to be disclosed separately by the company and the book running lead managers closer to the IPO opening. Market participants anticipate that the price band and lot size may be announced by tomorrow, following regulatory and market readiness. Investors are advised to track official stock exchange filings and IPO announcements for the final and confirmed details.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should refer to official IPO documents and consult their financial advisors before making any investment decisions.
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4 thoughts on “New Mainboard Fractal Analytics IPO 2026: RHP Filed, Issue Size Reduced ₹2,000 Cr – All Details”