Fractal Analytics slashes its 2026 IPO target by 42% amid weak investor demand, despite strong revenue and AI focus.

Fractal Analytics Ltd has scaled back its IPO to raise ₹2,834 crore, a 42% reduction from its original ₹4,900 crore target, due to weak investor sentiment and lower valuations. The company, set to go public in February 2026, will use proceeds for debt repayment, R&D, AI expansion, and office growth. Major investors Apax and TPG cut their stake sales significantly. Despite a slight dip in net profit, Fractal reported strong revenue and EBITDA growth. The IPO, India’s first focused on AI, opens for retail investors on February 9.