What Makes This IPO Special

For decades, investors had IT and banks — but no direct AI bet. Fractal changes that with enterprise-grade AI systems for Fortune 500 companies.

IPO Snapshot

₹2,833.9 Cr issue • Price band ₹857–₹900 • Lot size 16 shares • IPO dates: 9–11 Feb 2026.

Business Model Explained

97% revenue from custom enterprise AI solutions embedded into client systems. Not manpower billing — real decision-making AI.

Growth & Financials

Revenue growing at 18% CAGR. FY25 saw a sharp profit rebound after FY24 loss — strong growth, but earnings still uneven.

Why AI Is the Big Theme

AI is moving from experiments to mission-critical systems. Fractal operates right at the enterprise AI implementation layer.

Valuation & Risks

Post-IPO PE near 109x, 64% OFS, heavy US revenue dependence. High expectations leave little room for error.

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This is a high-risk, high-belief AI bet. Read the full blog for detailed analysis, risks, and investor verdict.