Fractal Analytics Limited: IPO Overview, Business Model, and Growth Strategy

11 February 2026

Founded in the year 2000, Fractal Analytics Limited is a global provider of artificial intelligence and advanced analytics solutions, operating at the intersection of AI, data science, decision intelligence, and digital transformation. The company supports enterprises worldwide in leveraging data to drive better business outcomes and has built a strong international presence over more than two decades by delivering analytics-led platforms and solutions across industries.

Fractal Analytics is now preparing to enter the public markets with its proposed Initial Public Offering (IPO) aggregating to ₹2,833.9 crore,
The offer comprises a fresh issue of ₹1,023.5 crore and an offer for sale of ₹1,810.4 crore by existing shareholders.
The issue is being offered through a 100% book-building process, with equity shares of face value ₹1 each proposed to be listed on the NSE and BSE. The IPO is scheduled to open on February 9, 2026, and close on February 11, 2026, with anchor investor bidding on February 6, 2026. The pre-IPO & Post IPO promoters’ holdings stand at 18% & 16.05% respectively.

Business Model and Operating Footprint

The company primarily operates on a Business-to-Business (B2B) model, working closely with large global enterprises to deliver artificial intelligence, advanced analytics, and decision intelligence solutions. The company serves clients across multiple industries and geographies, with a strong international footprint reflecting its global delivery and client engagement model. Fractal’s operating approach is centred on embedding analytics deeply into client decision-making processes, enabling long-term, high-value engagements rather than one-off projects. A key strategic strength lies in its ability to integrate data science, AI models, and domain expertise into scalable platforms and solutions, allowing it to support complex, mission-critical use cases for large enterprises worldwide.

Capex and Future Growth Drivers

The proceeds from the fresh issue are intended to support Fractal Analytics’ next phase of growth as demand for AI-led decision intelligence continues to scale globally. Given the company’s technology-driven and solution-oriented business model, the Net Proceeds are proposed to be utilised primarily towards:
• Investment in growth initiatives- It includes strengthening product capabilities, technology platforms, and expanding AI and analytics solutions across key enterprise use cases.
• Enhancing operational scale and flexibility- Enabling the company to support large, long-term client engagements and global delivery requirements.
• General corporate purposes- it involves strategic initiatives, operational needs, and improving overall financial and organisational resilience.