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Subscription Status · Feb 16 – Feb 18, 2026 · ₹205–216
The Fractal Industries IPO subscription has recorded healthy investor demand with an overall subscription of 5.44× as of Feb 18, 2026, indicating that investors applied for 5.44 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Feb 18, 2026, 6:15 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
430,800 | 2,562,000 |
5.95×
|
- |
|
NII
Non-Institutional Investors
|
324,000 | 2,564,400 |
7.91×
|
- |
|
bNII
Bids above ₹10L
|
216,000 | 2,040,600 |
9.45×
|
- |
|
sNII
Bids below ₹10L
|
108,000 | 523,800 |
4.85×
|
- |
|
Retail
Retail Individual Investors
|
754,800 | 3,087,600 |
4.09×
|
- |
|
Total
|
1,509,600 | 8,214,000 |
5.44×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 430,800 | 2,089,200 | 4.85× | - |
| NII | 324,000 | 228,000 | 0.70× | - |
| bNII | 216,000 | 174,000 | 0.81× | - |
| sNII | 108,000 | 54,000 | 0.50× | - |
| Retail | 754,800 | 169,200 | 0.22× | - |
| Total | 1,509,600 | 2,486,400 | 1.65× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 430,800 | 2,135,400 | 4.96× | - |
| NII | 324,000 | 399,600 | 1.23× | - |
| bNII | 216,000 | 265,200 | 1.23× | - |
| sNII | 108,000 | 134,400 | 1.24× | - |
| Retail | 754,800 | 619,200 | 0.82× | - |
| Total | 1,509,600 | 3,154,200 | 2.09× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 430,800 | 2,562,000 | 5.95× | - |
| NII | 324,000 | 2,564,400 | 7.91× | - |
| bNII | 216,000 | 2,040,600 | 9.45× | - |
| sNII | 108,000 | 523,800 | 4.85× | - |
| Retail | 754,800 | 3,087,600 | 4.09× | - |
| Total | 1,509,600 | 8,214,000 | 5.44× | - |
As of February 18, 2026, the Fractal Industries IPO has been subscribed 5.44 times overall. The IPO is fully subscribed.
The Fractal Industries IPO subscription window was open from February 16, 2026 to February 18, 2026. Investors could apply through their demat account or ASBA facility.
The Fractal Industries IPO has a price band of ₹205 to ₹216 per share, with a lot size of 600 shares. Minimum retail investment: ₹123,000 (lower band) or ₹129,600 (upper band).
The QIB category has been subscribed 5.95 times. QIBs were offered 430,800 shares.
Retail investors subscribed 4.09 times. Retail was offered 754,800 shares.
Overall NII: 7.91×. bNII (>₹10L): 9.45×, sNII (<₹10L): 4.85×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on February 19, 2026. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Fractal Industries IPO is expected to list on February 23, 2026. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 5.44× means investors have bid for 5.44 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 4.09×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Fractal Industries IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Feb 16 to Feb 18, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Fractal Industries IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Feb 16, 2026Subscription Closes Done
Feb 18, 2026Basis of Allotment Done
Feb 19, 2026Listing on BSE Done
Feb 23, 2026Better odds than heavily subscribed IPOs. Based on retail subscription of 4.09×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
