Highlights

• Fractal Analytics: Grey market premium at ₹35; total income FY25 ₹14,905 million; net profit ₹1,765 million.
• Aye Finance: Grey market premium at ₹0; revenue FY25 ₹1,460 crore; assets under management ₹5,534 crore.
• Both IPOs close on 11 February 2026 at 5:00 PM IST with 100% book-building and retail investment limits of ₹2,00,000.

Two highly anticipated IPOs—Fractal Analytics Limited (FRACTAL) and Aye Finance Limited (AYE)—opened for subscription on 9 February 2026, drawing attention from retail and institutional investors alike. Both IPOs follow a 100% book-building process, with bids closing on 11 February 2026 at 5:00 PM IST for UPI mandate confirmation.

Fractal Analytics IPO Details

Fractal Analytics, a global enterprise AI and analytics firm founded in 2000, is issuing fresh equity aggregating up to ₹10,235 million, along with an Offer for Sale of up to ₹18,104 million, including employee reservations of ₹600 million. The price band for the IPO is set at ₹857–₹900 per share, with eligible employees receiving a discount of ₹85 per share. The face value is ₹1 per share, with a bid lot of 16 shares and a maximum retail investor subscription limit of ₹2,00,000.

Market observers report a grey market premium (GMP) of ₹35 for Fractal shares today, signaling investor demand. The company provides AI solutions to global enterprises, generating ₹14,905 million in total income and a net profit of ₹1,765 million for FY25. Fractal’s solutions leverage data-driven insights to assist decision-making across sectors, with operations spanning over 26 years.

Aye Finance IPO Overview

Aye Finance, a financial services company focused on micro and MSME lending, is offering a fresh issue of ₹7,100 million and an Offer for Sale of ₹3,000 million, with an anchor portion of 3,52,32,558 shares. The IPO price band is ₹122–₹129 per share, with a bid lot of 116 shares and a retail investor subscription limit of ₹2,00,000.

Aye Finance reported revenue from operations of ₹1,460 crore in FY25, with a profit after tax of ₹171 crore, and assets under management reaching ₹5,534 crore. The company offers secured and unsecured hypothecation loans, mortgage financing, and tailored credit solutions for micro businesses, employing data-driven credit assessments to serve underserved MSMEs. Today, its grey market premium stood at ₹0, indicating shares are trading at the issue price.

Investors are closely monitoring the Fractal Analytics and Aye Finance IPOs, drawn by the companies’ market positions in AI analytics and financial services. With subscription windows closing on 11 February, market participants are weighing grey market premiums, financial metrics, and growth potential before placing bids. Both IPOs present opportunities for investors seeking exposure to emerging tech and microfinance sectors in India.

FAQ

Q1: What is the closing date for these IPOs?
Both Fractal Analytics and Aye Finance IPOs close on 11 February 2026 at 5:00 PM IST for UPI mandate confirmation.

Q2: What is the grey market premium for these IPOs?
Fractal Analytics is trading at a ₹35 premium, while Aye Finance is at ₹0, indicating trading at the issue price.

Q3: What is the retail investment limit?
Retail investors can subscribe for a maximum of ₹2,00,000 in both IPOs.

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