IPO Update: Fractal Analytics and Aye Finance Closing Today
The subscription window for the initial public offerings (IPOs) of Fractal Analytics and Aye Finance closes today, February 11, 2026. Both deals are drawing close attention from grey market traders as the bidding enters its final hours.
Comparison of Issue Sizes
The two companies are raising significant capital, though their business models differ greatly.
- Fractal Analytics IPO: This is a larger issue worth ₹2,833.9 crore. It includes a fresh issue of ₹1,023.5 crore and an offer-for-sale (OFS) of ₹1,810.4 crore from existing shareholders.
- Aye Finance IPO: This issue is worth ₹1,010 crore. It consists of a fresh issue of ₹710 crore and an OFS of ₹300 crore.
Fractal Analytics: IPO Details and GMP
Fractal Analytics is a global provider of artificial intelligence and data analytics services. It serves major industries like healthcare, retail, and insurance.
- Price Band: ₹857 to ₹900 per share.
- Lot Size: Retail investors must bid for at least 16 shares, costing ₹14,400.
- Subscription Status: As of midday on Day 3, the issue was subscribed 0.28 times.
- Latest GMP: The Grey Market Premium (GMP) currently stands at ₹7. This suggests a muted listing at approximately ₹907, representing a small 0.78% gain over the issue price.
Aye Finance: IPO Details and GMP
Aye Finance is a Non-Banking Financial Company (NBFC) that provides working capital loans to micro and small businesses across India.
- Price Band: ₹122 to ₹129 per share.
- Lot Size: Retail investors need to bid for at least 116 shares, costing ₹14,964.
- Subscription Status: The IPO has seen a slower response, with a subscription of 0.19 times as of late Wednesday morning.
- Latest GMP: The GMP is currently NIL (₹0), indicating that the grey market expects a flat listing with no immediate profit for investors.
Important Dates for Investors
If you are participating in either of these IPOs, here is the tentative timeline for the next steps:
| Event | Date |
| Allotment Finalized | February 12, 2026 |
| Refunds Initiated | February 13, 2026 |
| Shares Credited to Demat | February 13, 2026 |
| Listing Date (BSE & NSE) | February 16, 2026 |
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