Fractal Analytics IPO fully subscribed on final day of bidding

India's first pure-play AI firm Fractal Analytics saw its IPO fully subscribed on Wednesday. The company is seeking a valuation of up to $1.59 billion.

Insights:
Fractal Analytics saw its $314-million initial public offering reach full subscription on the final day of bidding today, February 11, 2026. This offering marks the first IPO for a pure-play artificial intelligence firm in India ININ, representing a significant structural development for the technology industry.
Fractal Analytics logo is seen in this illustration taken November 18, 2025. REUTERS/Dado Ruvic/Illustration
Fractal Analytics logo is seen in this illustration taken November 18, 2025. REUTERS/Dado Ruvic/Illustration
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