Fractal Analytics IPO listing: Shares debut at 3% discount to ₹900 issue price
- 16th February 2026
- 12:45 PM
- 3 min read
Summary
Fractal Analytics shares listed at a discount on February 16, opening at ₹876 on the NSE and ₹873 on the BSE, nearly 3% below the IPO price of ₹900 per share. The weak debut was broadly in line with grey market expectations.Mumbai | February 16
Fractal Analytics IPO listing saw a muted debut on Monday, with the stock opening below its issue price on both exchanges. Fractal Analytics shares listed at ₹876 on the National Stock Exchange (NSE) and ₹873 on the BSE, marking a discount of nearly 3% to the IPO price of ₹900 per share.
Selling pressure continued after listing. By 11:35 am, the stock was trading nearly 5% lower and touched an intraday low of ₹852 on the NSE.
At around ₹853 levels during the session, the company’s market capitalisation stood at approximately ₹14,665 crore.
Ahead of listing, the grey market premium (GMP) had indicated limited upside expectations.
Fractal Analytics IPO subscription details
The ₹2,833.90-crore public issue was subscribed 2.66 times at close.
Category-wise subscription stood as follows:
- Qualified Institutional Buyers (QIB): 4.18 times
- Non-Institutional Investors (NII): 1.06 times
- Retail Investors: 1.03 times
The allotment of the Fractal Analytics IPO was finalised on February 12.
The IPO price band was set at ₹857 to ₹900 per share.
Fractal Analytics IPO issue structure
The issue comprised a fresh issue of ₹1,023.50 crore and an offer for sale (OFS) of ₹1,810.40 crore.
Selling shareholders in the OFS included Venkateswara Remala, Satya Kumari Remala Rao, GLM Family Trust, Quinag Bidco and TPG Fett Holdings Pte Ltd.
Proceeds from the fresh issue are earmarked for investment in subsidiary Fractal USA for debt repayment, purchase of equipment, expansion of office infrastructure, investment in research and development, sales and marketing initiatives under Fractal Alpha, potential acquisitions, and general corporate purposes.
How much did IPO investors lose on listing?
The IPO lot size consisted of 16 shares. At the issue price of ₹900, one lot required an investment of ₹14,400. At the listing price of ₹876, the value of one lot dropped to ₹14,016, implying a notional loss of ₹384 per lot on debut.
The weak listing was largely in line with muted grey market signals ahead of listing.
About Fractal Analytics
Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal Analytics provides artificial intelligence and advanced data analytics solutions to global enterprises.
The company serves clients across retail and consumer goods, technology, media and telecom, healthcare and life sciences, and banking and financial services.
As of March 2025, its client portfolio included large global enterprises across technology and consumer sectors.
Fractal Analytics share price will now be closely watched for post-listing support levels.
For more IPO listing updates and stock market news, follow PL Capital.
Related News
Gaudium IVF IPO to open on February 20; India’s first fertility services listing
Read More
PNGS Reva Diamond Jewellery IPO: Price Band, Key Dates, Financials, GMP and Other Details
Read More
