Fractal Raises $313M In IPO Debut

Fractal Analytics is going public on February 16, 2026, raising Rs 2,840 crore ($313 million), including a Rs 1,023 crore fresh issue, while existing shareholders sell about Rs 1,800 crore. The offering was subscribed 2.7 times, with stronger institutional demand than retail. Fractal, which allocates 6.1% of sales to R&D, positions itself as an enterprise-AI analytics firm offering both products and services.