India's Fractal Analytics IPO fully subscribed on final day of bidding

SelfRugger · 2026-02-21T16:57:47+00:00

Fractal Analytics' $314 million IPO was fully subscribed on its final bidding day, with bids exceeding available shares. The Mumbai-based AI firm aims for a valuation of up to $1.59 billion.

SelfRugger

2026-02-21 16:57:47

Abstract generation in progress

India’s Fractal Analytics IPO fully subscribed on final day of bidding

Illustration shows Fractal Analytics logo · Reuters

Reuters

Wed, February 11, 2026 at 4:39 PM GMT+9 1 min read

Feb 11 (Reuters) -

Fractal Analytics’ $314-million initial public offering, ‌the first for ‌a pure-play Indian artificial intelligence firm, was fully subscribed on the final day of bidding ‌on Wednesday.

The ⁠Mumbai-based company received bids for 25.37 ⁠million shares as of 1:03 p.m. IST, against 18.58 million shares on ‌offer, exchange data showed. The company set a price band of 857 to 900 rupees ‌per share and is seeking a valuation of ‌up to 144.5 billion rupees ($1.59 billion) at the upper-end of the band.

(Reporting ‌by Komal Salecha in Bengaluru; Editing by Sonia Cheema)

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