IPO Calendar This Week: Aye Finance, Fractal Analytics among major issues - Full list

IPO Calendar This Week: The primary market is set for another busy week after a brief pause, as atleast three new initial public offerings (IPOs) are set to open for subscription this week (February 9 to February 13).

IPO Calendar February 2026: Mainboard public issues this week

IPO Calendar February 2026: SME public issue this week

The Rs 1,010 crore initial public offering (IPO) of non-banking financial company (NBFC) Aye Finance will open for subscription on Monday, February 9. The issue will close on Wednesday, February 11, while bidding for anchor investors took place on February 6.

In a public announcement, the company had earlier said it has fixed a price band of Rs 122-129 per share, valuing Aye Finance at Rs 3,184 crore at the upper end of the band.

On Friday, Aye Finance collected Rs 454.5 crore from anchor investors. The anchor book saw participation from a mix of domestic mutual funds, insurance companies and foreign portfolio investors.

The top anchor investors included Nippon India Mutual Fund, Bay Pond Partners, Goldman Sachs Funds, Ashoka India Equity Investment Trust, Abakkus Four2Eight Opportunities Fund, Integrated Core Strategies (Asia) and HDFC Life Insurance Company, according to a circular uploaded on BSE's website.

The company allotted 3.52 crore equity shares to 19 funds at Rs 129 per share, the upper end of the IPO price band. The IPO comprises a fresh issue of equity shares worth up to Rs 710 crore and an Offer For Sale (OFS) of up to Rs 300 crore by current shareholders.

The company proposes to utilise the net proceeds from the fresh issue to strengthen its capital base, supporting future capital requirements arising from the expansion of its business and asset base.

Aye Finance is scheduled to list on the BSE and NSE on February 16.

Classified as a middle-layer NBFC, Aye Finance focuses on lending to micro and small enterprises (MSEs), a segment that remains largely underserved by traditional banks. The company provides small-ticket business loans for working capital and expansion, secured through hypothecation of business assets or property, across manufacturing, trading, services and allied agriculture sectors.

As of September 30, 2025, Aye Finance operated across 18 states and three union territories, serving around 5.9 lakh active customers, with assets under management (AUM) of Rs 6,027.6 crore.

Retail investors can apply for the issue in a lot size of 116 shares and multiples thereof, translating into a minimum investment of Rs 14,964 at the upper end of the price band.

Under the allocation structure, Qualified Institutional Buyers (QIBs) will receive 75 per cent of the issue, while non-institutional investors (NIIs) and retail investors will be allotted 15 per cent and 10 per cent, respectively.

The IPO is being managed by Axis Capital, IIFL Capital, JM Financial and Nuvama Wealth as book-running lead managers, while KFin Technologies is the registrar to the issue.

Fractal Analytics will open its Rs 2,834-crore maiden public offering for subscription on Monday, February 9. The bidding will conclude on Wednesday, February 11. The bidding for anchor investors took place on February 6. Fractal Analytics has fixed a price band of Rs 857 to Rs 900 per share for its IPO, valuing the company at nearly Rs 15,500 crore.

Fractal Analytics trimmed the size of its Initial Public Offering (IPO) to Rs 2,834 crore from Rs 4,900 crore initially planned. The revised offer comprises a fresh issue of equity shares worth up to Rs 1,023.5 crore and an Offer-for-Sale (OFS) of Rs 1,810.4 crore, taking the total issue size to Rs 2,833.9 crore.

Earlier in August, in its draft papers, the company had planned to raise Rs 4,900 crore through the public issue.

Those selling shares in the OFS include Quinag Bidco Ltd, TPG Fett Holdings Pte Ltd, Satya Kumari Remala Rao, Venkateswara Remala and GLM Family Trust.

According to the company, 75 per cent of the issue size has been reserved for qualified institutional buyers, 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors.

Fractal plans to use the proceeds from the fresh issue to invest in its subsidiary, Fractal USA, for pre-payment or repayment of its borrowings; buy laptops; set up new offices in India; invest in research and development; support sales and marketing under Fractal Alpha; fund acquisitions and other strategic initiatives; and for general corporate purposes.

Kotak Mahindra Capital Co.Ltd is the book-running lead manager for the issue, while MUFG Intime India Pvt.Ltd is the registrar of Fractal Analytics IPO. Morgan Stanley India Company, Axis Capital and Goldman Sachs (India) Securities have also been appointed by Fractal to manage its maiden public issue.

The company will make its stock market debut on February 16. It is expected to be listed on both the leading exchanges – NSE and BSE.

The IPO of Marushika Technology will open for subscription on Thursday, February 12 and close on Monday, February 16. It is a 100 per cent book-built issue aggregating Rs 26.97 crore and comprises entirely a fresh issue of up to 23,05,200 equity shares (including Market maker portion of 1,16,400 equity shares).

The price band for the issue has been fixed at Rs 111– Rs 117 per share. NEXGEN Financial Solutions Private Limited is acting as the book-running lead manager, while Skyline Financial Services Private Limited has been appointed as the registrar to the issue.

IPO Calendar: IPO listings this week

In the SME segment, the PAN HR Solutions IPO and the Biopol Chemicals IPO will remain open for subscription until February 10. Both issues opened on February 6.

PAN HR Solutions is scheduled to list on the BSE SME platform tentatively on February 13, while Biopol Chemicals will debut on the NSE SME platform on February 13.

Apart from these issues, Brandman Retail IPO and Grover Jewells IPO are expected to debut on NSE SME on February 11.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)