AI company IPO: Fractal Analytics cuts size to Rs 2834 crore; check price band, subscription date

Fractal Analytics IPO: Artificial intelligence (AI) solutions provider Fractal Analytics has reduced the size of its Initial Public Offering (IPO) to Rs 2,834 crore from the Rs 4,900 crore it had initially planned, ahead of the launch of its maiden public issue next week.The AI unicorn now plans to raise Rs 2,834 crore, which is 42 per cent lower than the earlier proposed issue size, according to its red herring prospectus (RHP) filed on February 2.Despite the downsized issue, the IPO is witnessing a strong response in the unlisted market ahead of subscription.Fractal Analytics IPO grey market premiumAccording to various websites tracking the unlisted market, the grey market premium (GMP) for the Fractal Analytics IPO currently stands at Rs 180, indicating an estimated listing price of around Rs 1,080 per share.This translates into a listing premium of nearly 20 per cent over the upper end of the IPO price band. If the GMP trend sustains, the stock is expected to make a solid debut on both the NSE and BSE.Fractal Analytics IPO timelineIPO opens: February 9, 2026IPO closes: February 11, 2026Allotment date: February 12, 2026Tentative listing: February 16, 2026Stock exchanges: BSE and NSEFractal Analytics IPO price band and lot sizeThe IPO price band has been fixed at Rs 857 to Rs 900 per share. The minimum application size is 16 shares per lot.Fractal Analytics IPOBook running lead manager and registrarBook running lead manager: Kotak Mahindra Capital Company LimitedRegistrar: MUFG Intime India Private LimitedUse of IPO proceedsRs 265 crore will be invested in its subsidiary, Fractal USA, and used for debt repaymentRs 355 crore will be deployed towards research and development and the expansion of Fractal Alpha, which focuses on incubating new businesses and integrating acquisitionsRs 57 crore will be used for the purchase of laptopsRs 121 crore will be allocated for setting up new offices in IndiaThe remaining unallocated amount, which was originally intended for funding inorganic growth and general corporate purposes, will decrease from Rs 475 crore to Rs 225 crore.About Fractal AnalyticsFounded in March 2000, Fractal Analytics is a global enterprise AI and analytics firm that helps large organisations make smarter, data-driven decisions. With over two decades of experience, the company develops AI solutions by combining deep technical expertise with strong domain and functional knowledge.(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)