tech
February 16, 2026
Fractal Analytics' muted IPO debut signals persistent AI fears in India
As India's first AI company to IPO, Fractal Analytics didn't have a stellar first day on the public markets, as enthusiasm for the technology collided with jittery investors in the wake of a sell-off in Indian software stocks.
TL;DR
- Fractal Analytics listed on the public market below its issue price, closing down 7% on its first day.
- The IPO faced investor jitters exacerbated by a recent sell-off in Indian software stocks.
- The company's IPO size was reduced by over 40% from its original plan.
- Fractal Analytics, founded in 2000, pivoted to AI in 2022 and serves enterprises in financial services, retail, and healthcare.
- The company plans to use IPO proceeds for debt repayment, R&D, sales and marketing, and potential acquisitions.
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