Upcoming IPOs Next Week: Rs 3,000 crore worth of public offers to hit D-Street—Check details

Upcoming IPOs: After a relatively quiet week on Dalal Street, investors have two major initial public offerings (IPOs) to watch out for next week, as Aye Finance Ltd and Fractal Analytics Ltd gear up to debut on India’s stock exchanges, thus accumulating a total of over Rs 3,000 crore in the process. Both public offers comprise a mix of fresh issue and offer-for-sale (OFS) components.

The combined IPOs are from various sectors such as financial services and enterprise AI analytics, highlighting the growing investor appetite across different segments of India’s primary market.

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Fractal Analytics IPO

Fractal Analytics Ltd aims to be India's first AI firm listed with the launch of its book-built IPO of Rs 2,833.90 crore. The issue comprises a fresh issue of 1.14 crore shares worth Rs 1,023.50 crore and an offer-for-sale (OFS) of 2.01 crore shares worth Rs 1,810.40 crore.

The IPO price band is set at Rs 857–900 per share, valuing the company at Rs 15,473.60 crore at the upper end.

According to the company's Red Herring Prospectus (RHP), Kotak Mahindra Capital Co Ltd is the book running lead manager, while MUFG Intime India Pvt Ltd is the registrar of the issue.

The IPO has fixed 75 per cent, 15 per cent and 10 per cent of the net offer for institutional buyers (QIB), investors (NII) and retail categories, respectively.

Founded in March 2000, Fractal Analytics deals with major global companies make data-driven decisions using AI solutions that combine deep technical expertise with domain and functional knowledge.

Aye Finance IPO

Aye Finance Ltd is coming to the market with a book-built IPO of Rs 1,010 crore, comprising a fresh issue of 5.50 crore shares worth Rs 710 crore and an offer-for-sale of 2.33 crore shares worth Rs 300 crore.

The price band for Aye Finance IPO is set at Rs 122–129 per share, giving the NBFC a market valuation of Rs 3,183.52 crore at the upper band. According to the RHP, Axis Capital Ltd is acting as the book-running lead manager, while Kfin Technologies Ltd is the registrar for the issue.

The IPO has fixed 75 per cent, 15 per cent and 10 per cent of the net offer for institutional buyers (QIB), investors (NII) and retail categories, respectively.

Founded in 1993, Aye Finance is a non-banking financial company (NBFC) that provides secured and unsecured small business loans, including working capital loans, mortgage loans, and hypothecation loans. Its primary focus is on micro-scale MSMEs, covering customers across manufacturing, trading, services, and allied agriculture sectors.

Currently, Aye Finance serves over 5.86 lakh active customers across 18 states and three union territories, and is growing its footprint in India’s MSME financing sector.

IPO important timelines

The subscription window for both Aye Finance and Fractal Analytics IPOs is scheduled from February 9 to February 11, 2026, giving investors three days to apply.

The allotment of shares is expected to be finalised on February 12, 2026, followed by the listing of both companies on the NSE and BSE on February 16, 2026.