What is the price band and valuation for the Fractal Analytics IPO?

The Fractal Analytics IPO has a Rs 857–900 price band, implying a valuation near US$1.6 billion, or roughly HK$12.5 billion at the dollar peg. The band frames price discovery and helps investors judge demand by seeing where bids concentrate. Final pricing within the band will depend on subscription strength and anchor coverage.

How can Hong Kong investors participate in the Fractal Analytics IPO?

Most cannot subscribe directly without an India-enabled brokerage account meeting KYC rules. A practical route is to buy post-listing on NSE or BSE through brokers that provide India access. Alternatively, use India-focused funds or ETFs that may add exposure after listing, which can diversify single-name risk and reduce trading frictions.

Why does the Aye Finance IPO matter for this launch?

It runs alongside the Fractal Analytics IPO, offering a same-week read on demand across sectors. Comparing subscriptions, pricing outcomes, and early trade can show whether investors prefer financials or enterprise AI, and how disciplined they are on valuations. Together, the deals inform risk appetite across the India IPO pipeline.

What should I watch during the bookbuild and after listing?

Track anchor coverage, daily subscription ratios by investor category, and whether pricing skews to the top of the band. Post-listing, watch liquidity, spreads, and closing stability in the first week. Use peers’ growth and margins to assess value beyond debut moves, then scale positions based on execution and liquidity.

Global Market Insights

Fractal Analytics IPO: Rs 857–900 Band, $1.6B Valuation, February 5

ByDanny Kontos February 5, 2026February 5, 2026

Fractal Analytics IPO has set a Rs 857–900 price band, valuing the company near US$1.6 billion, announced on 5 February. Anchors open on 6 February, with subscriptions from 9–11 February. For Hong Kong investors, this deal offers a fresh read on demand for enterprise AI exposure from India. It also lands alongside the Aye Finance IPO, giving a broader view of the India IPO pipeline, pricing discipline, and global risk appetite tied to better cross-border trade sentiment.