About
Fractal Analytics Limited is a global enterprise AI company founded in 2000. It was incorporated in Mumbai and is promoted by Srikanth Velamakanni, Pranay Agrawal, Chetana Kumar, Narendra Kumar Agrawal, and Rupa Krishnan Agrawal. The company operates at the intersection of data, analytics, and artificial intelligence. It partners with large global enterprises to power decision-making across critical business functions. Fractal delivers end-to-end AI solutions built on deep domain, data science, and engineering expertise. Its operations are organised into two segments. Fractal.ai focuses on AI services and platforms, including agentic and decision intelligence solutions for enterprise use. Fractal Alpha houses product-led and IP-driven AI businesses offering subscription or licensable solutions. Fractal follows a B2B business model with long-term client relationships across industries such as BFSI, healthcare, retail, CPG, and technology. Its strengths lie in applied AI at scale, strong client retention, global delivery capabilities, and a proven track record of translating advanced AI into real business impact
IPO schedule
| Issue open date |
2026-02-09 |
| Issue close date |
2026-02-11 |
| UPI mandate deadline |
2026-02-11 (5 PM) |
| Allotment finalization |
2026-02-12 |
| Refund initiation |
2026-02-13 |
| Share credit |
2026-02-13 |
| Listing date |
2026-02-16 |
| Mandate end date |
2026-02-26 |
| Lock-in end date for anchor investors (50%) |
2026-03-14 |
| Lock-in end date for anchor investors (remaining) |
2026-05-13 |
Financials
| Financial Year Ended |
March 2024 |
March 2025 |
September 2025 |
| Total Assets |
2392 |
2857.60 |
2965.40 |
| Revenue |
2241.90 |
2816.20 |
1594.30 |
| Profit After Tax |
-54.7 |
220.6 |
70.9 |
Issue size
| Funds Raised in the IPO |
Amount |
| Total issue size |
2833.90 |
| Fresh Issue - Proceeds go to the company |
1023.50 |
| Offer for Sale |
1810.40 |
Utilisation of proceeds
| Purpose |
INR crores (%) |
| Investment in Fractal USA (debt repayment) |
264.9 (25.88%) |
| Purchase of laptops |
57.1 (5.58%) |
Setting up new office premises in India
|
121.1 (11.83%) |
| R&D and sales & marketing (Fractal Alpha) |
355.1 (34.69%) |
| Inorganic growth, strategic initiatives & general corporate purposes |
225.3 (22.02%) |
Strengths
- Long operating history with over 25 years of enterprise AI expertise.
- Strong relationships with large global enterprises across core industries.
- End-to-end AI capabilities spanning data, analytics, platforms, and products.
- High client retention driven by deep integration into client decision systems.
- Global delivery model supported by skilled talent and scalable platforms.
Risks
- High revenue concentration from a limited number of large clients.
- Significant dependence on the U.S. market for the majority of revenues.
- Rapidly evolving AI regulations may increase compliance costs.
- Past losses and potential future profitability pressures.
- Cybersecurity breaches or AI solution failures could harm reputation and finances.
Allotment Status for Fractal Analytics
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.