Upcoming IPOs Feb 2026: Fractal Analytics & Aye Finance GMP, Review & Dates
Introduction
The Indian primary market is back in action this week! After a brief pause, investors have two major Mainboard IPOs opening for subscription tomorrow, February 9, 2026. All eyes are on Fractal Analytics, which is set to be India’s first pure-play AI company to list, and Aye Finance, a robust NBFC serving micro-enterprises.
Here is a complete breakdown of their GMP (Grey Market Premium), Price Bands, and our review on whether you should invest.
1. Fractal Analytics IPO (Mainboard)
This is undoubtedly the most hyped IPO of the month. As an Artificial Intelligence and Analytics firm, Fractal is attracting massive institutional interest.
- Open Date: Feb 9 - Feb 11, 2026
- Price Band: ₹857 – ₹900 per share
- Lot Size: 16 Shares
- Issue Size: ₹2,834 Cr
- Expected Listing: Feb 16, 2026
GMP Update: As of February 8, the GMP is trading at a premium of ~7-10% (approx ₹70-90 up). While not a "multibagger" start, it shows steady demand due to the unique "AI" tag.
2. Aye Finance IPO (Mainboard)
Aye Finance focuses on lending to micro-enterprises that usually struggle to get bank loans. While the business model is strong, the market sentiment for NBFCs is currently mixed.
- Open Date: Feb 9 - Feb 11, 2026
- Price Band: ₹122 – ₹129 per share
- Lot Size: 116 Shares
- Issue Size: ₹1,010 Cr
GMP Update: The Grey Market is cautious. Current GMP suggests a flat to marginal premium of ~4%. This is strictly for long-term investors, not for listing gains.
3. SME Corner: Marushika Technology
For high-risk investors, the SME segment brings Marushika Technology later this week.
- Open Date: Feb 12 - Feb 16, 2026
- Price Band: ₹111 – ₹117
- Status: High Risk, High Reward potential.
Comparison Table: Which One to Choose?
| Sector | AI & Tech | NBC/finance |
|---|---|---|
| Risk leve | Moderate | High |
| Listing Gain Chance | Midium(10-15%) | Low(Flat) |
| Long term view | Bullish (AI Growth) | Neutral |
Missed the last big listing? Check our analysis on the [Budget 2026 Impact on Stocks] using the button below.
Verify these details on the official NSE India IPO Page.
Conclusion: What Should You Do?
If you are looking for listing gains, Fractal Analytics is the safer bet due to the "AI Scarcity Premium." Aye Finance is better suited for investors who want to hold the stock for 1-2 years. As always, keep an eye on the QIB subscription figures on Day 2 before making your final bid.
Disclaimer: The information provided on Labhgrow.in is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or legal counsel. We are not SEBI-registered advisors. GMP (Grey Market Premium) is an unregulated market indicator and subject to extreme volatility. Readers are advised to consult with a qualified financial advisor before making any investment decisions. Labhgrow.in is not responsible for any financial losses or damages incurred based on this information.