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Fractal Analytics is gearing up for an IPO in the first half of 2026.
It helps companies use AI and data to understand customers better, run smoother operations, and make smarter business decisions.
What’s brewing: the company has trimmed the issue size to ₹2,800 crore from the ₹4,900 crore it was earlier targeting.
Even after the cut, it’s still set to be one of the larger tech listings of 2026, and likely the second big tech IPO of the year after Amagi Media Labs’ ₹1,788 crore share sale.
What’s the opportunity: the global data, analytics and AI market is expected to grow to $310 billion by FY30, which works out to a 16.7% annual growth rate.
What really pops is that Fractal is growing even quicker than the overall industry. Its revenue grew about 18% a year from FY23 to FY25, which means it’s gaining ground faster than the market around it.
