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Listed
Software Products
Fractal Analytics Limited IPO
₹2834 Cr · Fresh Issue & OFS · Software Products
Price Band
₹857 – ₹900
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹2834 Cr
Fresh Issue & OFS
Market Cap
₹15473.60 Cr
At upper band
P/E Ratio
70.1x
P/S: 5.6x
Listing Date
16 Feb 2026
BSE & NSE
IPO Timeline
✓
Opens
09 Feb 2026
✓
Closes
11 Feb 2026
✓
Allotment
12 Feb 2026
✓
Refund
13 Feb 2026
✓
Listing
16 Feb 2026
IPO India Hub Recommendation: Subscribe
The company has strong financials and a solid market position. However, the high P/E ratio of 70.1x is a concern.
Our Analysis — Key Points
✓ Strength
Consistent Revenue Growth
The company has shown consistent growth in revenue, reaching ₹2765.4 Cr in the latest fiscal year. This indicates a strong market demand for their software products. The company's ability to maintain this growth trajectory is a key positive.
✓ Strength
Experienced Promoters
The company is led by a team of experienced promoters, including Srikant Velamakanni and Pranay Agrawal. Their expertise in the software industry can be a significant advantage for the company's future growth and innovation.
⚠ Risk
High Valuation Risk
The company's high P/E ratio of 70.1x suggests that the market expects significant future growth, which may not materialize. Investors should be cautious about the high valuation and potential market correction.
$ Valuation
Premium Valuation
The company's P/E ratio of 70.1x is high, reflecting high market expectations. However, the P/S ratio of 5.6x is more reasonable, indicating that the company's valuation is not entirely out of line with industry standards and that it is priced appropriately based on sales.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Fractal Analytics Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹2765.4 Cr
Net Profit
₹220.6 Cr
Industry
Software Products
Issue Type
Fresh Issue & OFS
Promoters
SRIKANTH VELAMAKANNI, PRANAY AGRAWAL, CHETANA KUMAR, NARENDRA KUMAR AGRAWAL AND RUPA KRISHNAN AGRAWAL
Lead Managers
Kotak Mahindra Capital and Axis Capital
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