As global and Indian equity markets continue to drive primary market interest, the upcoming week is set to be active on the IPO front.
Two IPOs, namely Fractal Analytics and Aye Finance, are gearing up to mark their debut in the Indian stock market exchanges this week, with a total issue size of over Rs 3,000 crore.
Fractal Analytics
At the forefront of this week’s lineup is Fractal Analytics Ltd, an enterprise artificial intelligence (AI) and analytics company. The initial public offering (IPO) opens on February 9 and closes on February 11, with an issue size of Rs 2,833.90 crore.
The offering includes both fresh shares and an offer-for-sale from interested investors. Investors have shown strong interest in AI-led businesses, making this one of the most closely watched issues on Dalal Street. Shares are expected to list on the exchanges around February 16, 2026.
A minimum investment of Rs 13,712 is required for a lot consisting of 16 shares. The price range is set at Rs 857-900.
Aye Finance
Alongside Fractal Analytics, Aye Finance, a growing non-banking financial company (NBFC), will launch its IPO on February 9, also closing on February 11. With an issue size of Rs 1,010 crore, Aye Finance’s listing offers exposure to India’s expanding credit market, particularly for micro and small businesses.
A minimum investment of Rs 14,152 is required for a lot consisting of 116 shares. The price range is set at Rs 122-129. Shares are expected to be listed on both the NSE and the BSE.
The mix of AI-focused growth players (like Fractal Analytics), NBFCs (like Aye Finance), and SME listings reflects the diverse nature of the Indian IPO pipeline. This blend allows investors to participate at different risk levels — from high-growth tech to stable financial services and smaller enterprises seeking capital for expansion.
