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Open Date
09 Feb 2026
Close Date
11 Feb 2026
Min Investment
₹14400
Lot Size
16 Shares
Issue Size
₹2833.9 Cr
Price Range
₹857 - ₹900
Listing Date
Feb 16, 2026
Fractal Analytics, founded in March 2000, is a leading global enterprise AI and analytics company that helps large companies make better decisions. Spanning more than two decades, the company designs AI solutions by mixing deep technical acumen with functional and domain expertise. By March 31, 2025, Fractal's products and services were organized into two main segments: Fractal.ai: This division offers AI products and services via its agentic AI platform, Cogentiq,;aimed at making product development easier with integrated tools, governance, low-code capabilities, and security. Fractal Alpha: This division contains independent AI companies focused on growth markets, operated independently to drive business innovation across geographies and industries. Together, the two divisions offer a full range of AI capabilities across client businesses and industries. Fractal's strengths are its position of leadership in a rapidly growing AI market, long-standing collaborations with leading global customers, combined technical and domain knowledge, transparency and trust culture, history of innovation, and founder-driven leadership with a long-term perspective. Fractal has more than 4,500 employees globally as of early 2025, reflecting its expanding presence in 17 offices worldwide.
Sotefin Bharat
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Sotefin Bharat SME | 16th Jul 2026 - 20th Jul 2026 | 89.76 Cr | 600 Shares | ₹ 178.00 | |
Caliber Mining & Logistics Mainboard | 17th Jul 2026 - 21st Jul 2026 | 450.00 Cr | 35 Shares | ₹ 402.00 |
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The company will use ₹264.9 crore for investment in its subsidiary, Fractal USA, for loan repayment The company will use ₹178.2 crore to purchase laptops and set up new office premises in India. The company will allocate ₹355.10 crore to R&D and sales & marketing for Fractal Alpha. Some IPO funds will go to acquisitions and general purposes.”
Investment in subsidiary
25.8%
Funding for infrastructure and new office
17.4%
Funding for R&D, sales and marketing
34.6%
General corporate purposes
22%
The company will use ₹264.9 crore for investment in its subsidiary, Fractal USA, for loan repayment
The company will use ₹178.2 crore to purchase laptops and set up new office premises in India.
The company will allocate ₹355.10 crore to R&D and sales & marketing for Fractal Alpha.
Some IPO funds will go to acquisitions and general purposes.”
Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).
In Cr.
| Key Performance Indicator | 30-Sep-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 1594.30 | 2816.20 | 2241.90 | 2043.70 |
| EBITDA | 185.60 | 398.00 | 97.20 | 436.80 |
| Expenses | ||||
| Profit After Tax | 70.90 | 220.60 | -54.70 | 194.40 |
| Assets | 2965.40 | 2857.60 | 2392.00 | 2248.70 |
| Net Worth | 1957.50 | 1748.30 | 1397.00 | 1339.20 |
| Reserves | 1937.10 | 1728.70 | 1380.50 | 1323.10 |
| Borrowing | 274.60 | 266.20 | 250.10 | 325.60 |
Srikanth Velamakanni
Pranay Agrawal
Chetana Kumar
Narendra Kumar Agrawal
Rupa Krishnan Agrawal
18.19%
N/A
Fractal Analytics
Level 7, Commerz II, International Business Park, Oberoi Garden City, Off W. E. Highway, Goregaon (E), Mumbai, Maharashtra - 400063
MUFG Intime India Pvt.Ltd
Working with ten of the top twenty global CPG companies, Fractal Analytics has generated ₹413.4 crore from TMT and ₹569.2 crore from CPGR in H1FY26, demonstrating how its strong technical expertise in certain areas allows for scalability in client growth. Functional AI systems that support this and facilitate cross-functional implementation include Cogentiq Sales Assist, Campaign Assist, and Enterprise Store.
In terms of revenue as of FY25, the company served 10 of the top 20 global CPG companies, 8 of the top 20 TMT companies, and 10 of the top 20 healthcare companies. Its varied clientele not only reduces the risk of concentration but also makes it possible to cross-sell AI products across sectors and geographical areas. Additionally, the fact that foreign clients accounted for 92.4% of H1FY26 revenue and 91.6% of FY25 revenue demonstrated Fractal's scalability and global relevance.
In the Fractal.ai sector, the company's top 10 clients generated 54.2% of its operating revenue in 6MFY26, with one client accounting for 8.2%. Furthermore, 79.6% of Fractal.ai's revenue during the same time period came from existing MWCs, underscoring the business's heavy reliance on a limited customer base. The loss or repricing of a few key clients could have a significant impact on growth and profitability.
CPGR accounted for 37.5% of segment revenue in 6MFY26, followed by TMT (27.2%), HLS (17.0%), and BFSI (12.2%). The fact that CPGR and TMT together still generated more than 69.2% of Fractal.ai's revenue in FY25 highlights the company's reliance on a small number of end markets. The company's financial standing and operational outcomes may suffer from any slowdown in the demand for AI solutions across these industries.