What are the Fractal Analytics IPO price band and IPO subscription dates?

The Fractal Analytics IPO carries a Rs 857-900 price band, with the book open from February 9 to 11. These are Indian rupee terms for a mainboard book-built issue. Monitor daily subscription across investor categories, final pricing at the top or middle of the band, and any updates in the prospectus before bidding.

Can Hong Kong retail investors subscribe directly to these Indian IPOs?

Most Hong Kong retail investors cannot subscribe directly. Access is typically via brokers that provide trading in India for post-listing purchases. Institutions may participate through the Foreign Portfolio Investor route. Always confirm eligibility, KYC, and funding flows with your broker, and factor in FX conversion, taxes, and fees before placing orders.

What is the Aye Finance IPO and why does it matter?

Aye Finance is a non-bank lender focused on micro and small enterprises. The IPO at Rs 122-129 highlights India’s MSME credit theme, which can deliver steady growth if asset quality holds. Key watchpoints include net interest margins, collections, provisioning, and funding costs, especially through rate cycles and liquidity shifts.

How should I evaluate valuation for these offers before buying?

Compare proposed pricing to listed peers on growth, margins, and returns. For Fractal Analytics, weigh AI-driven growth against execution and margin risks. For Aye Finance, assess price-to-book, ROE, and credit costs. Cross-check demand signals, including QIB interest, and be disciplined with position sizing if pricing implies a premium to peers.

Global Market Insights

February 09: Fractal Analytics IPO at Rs 857-900; Aye Finance IPO Opens

ByHuzaifa Zahoor February 9, 2026February 9, 2026

The Fractal Analytics IPO opens February 9-11 with a Rs 857-900 price band, while the Aye Finance IPO launches at Rs 122-129. For Hong Kong investors seeking India exposure, these mainboard deals offer AI SaaS and MSME lending themes. Anchor demand was strong, with Rs 1,248 crore for Fractal and Rs 454 crore for Aye. Together, the Rs 3,871 crore slate will test risk appetite amid global tech and credit rotations. We outline pricing, IPO subscription dates, business models, access options, and key risks for HK portfolios.