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Fractal Analytics IPO Opens Slow, Subscribed 0.03x on Day 1
Last Updated: 11th February 2026 - 05:38 pm
Fractal Analytics Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription. The stock price band is set at ₹857-900 per share. The ₹2,833.90 crore IPO reached 2.81 times by 4:49:34 PM on day three.
Fractal Analytics IPO subscription reached moderate 2.81 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (4.41x), Non-Institutional Investors (1.11x), and Retail Investors (1.09x). Total applications reached 1,44,501.
Subscription Status of Fractal Analytics IPO:
| Date | QIB (Ex Anchor) | NII | Retail | Employees | Total |
|---|---|---|---|---|---|
| Day 1 (February 9) | 0.00 | 0.02 | 0.11 | 0.03 | 0.03 |
| Day 2 (February 10) | 0.03 | 0.15 | 0.18 | 0.04 | 0.09 |
| Day 2 (February 11) | 4.41 | 1.11 | 1.09 | 0.64 | 2.81 |
Here are the subscription details for Fractal Analytics IPO as of Day 3 (February 11, 2026, 4:50:01 PM):
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investor | 1.00 | 1,38,69,499 | 1,38,69,499 | 1,248.26 |
|
QIB (Ex Anchor) |
4.41 | 91,94,187 | 4,05,55,344 | 3,649.98 |
| Non-Institutional Buyers | 1.11 | 46,12,737 | 51,16,224 | 460.46 |
| Retail Investors | 1.09 | 30,75,158 | 33,63,440 | 302.71 |
| Employees | 0.64 | 7,36,196 | 4,71,792 | 42.46 |
| Total | 2.81 | 1,76,18,278 | 4,95,06,800 | 4,455.61 |
Key Highlights - Day 3:
- Overall subscription reached moderate 2.81 times, showing extraordinary improvement from day two's 0.09 times
- Qualified institutional buyers (ex-anchor) displaying strong performance at 4.41 times, building dramatically from day two's 0.03 times, indicating strong institutional appetite emerging on the final day for this AI and analytics firm
- Non-institutional investors showing moderate performance at 1.11 times, building substantially from day two's 0.15 times, indicating improved HNI interest
- Retail investors displaying moderate confidence at 1.09 times, building substantially from day two's 0.18 times, indicating improved retail demand
- Cumulative bid amount reached ₹4,455.61 crores, significantly exceeding the net offer size of ₹1,585.65 crores (excluding anchor portion) by approximately 2.8 times
- Anchor investors fully subscribed their allocation of ₹1,248.26 crores on February 6, 2026
Fractal Analytics IPO - Day 2 Subscription at 0.09 Times
Key Highlights - Day 2:
- Overall subscription reached weak 0.09 times, showing modest improvement from day one's 0.03 times
- Retail investors displaying weak performance at 0.18 times, building marginally from day one's 0.11 times
- Non-institutional investors showing weak performance at 0.15 times, building substantially from day one's 0.02 times
- Qualified institutional buyers displaying negligible performance at 0.03 times, building marginally from day one's 0.00 times
Fractal Analytics IPO - Day 1 Subscription at 0.03 Times
Key Highlights - Day 1:
- Overall subscription reached negligible 0.03 times, showing very cautious initial investor interest
- Retail investors displaying weak performance at 0.11 times, indicating weak retail appetite
- Non-institutional investors showing negligible performance at 0.02 times, indicating very weak HNI interest
- Qualified institutional buyers displaying negligible performance at 0.00 times, indicating no institutional interest on day one
About Fractal Analytics Limited
Fractal Analytics, established in March 2000, is a global enterprise AI and analytics firm that supports major companies in making more intelligent decisions. With over two decades of experience, the company crafts AI solutions by blending its deep technical know-how with domain and functional expertise. As of September 30, 2025, Fractal's offerings were structured into two key segments: Fractal.ai and Fractal Alpha (houses standalone AI businesses targeted at growth markets, managed independently to drive innovation across industries and geographies).
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