The much-anticipated IPO debuted on February 16 at a 3% discount, opening at ₹876 compared to its issue price of ₹900. The stock began trading at ₹876 on the NSE and ₹873 on the BSE, meaning IPO allottees faced a modest loss at the start of the day.
The grey market had already signaled a soft landing. Ahead of listing, the IPO’s grey market premium (GMP) stood at ₹-28, reflecting cautious investor sentiment. The stock’s debut closely matched those expectations.
Despite strong institutional demand and positive buzz around India’s AI-focused listing, the first trading session reminded investors that market excitement does not always guarantee gains.
The key question now is whether this dip is temporary or a sign of sustained near-term pressure. The real test begins once steady trading momentum builds.
Fractal Analytics IPO Subscription Highlights
- The Fractal Analytics IPO saw healthy overall demand by the close of bidding.
- Qualified Institutional Buyers (QIBs) led the response, subscribing 4.18 times their allotted quota.
- Non-Institutional Investors (NIIs) subscribed 1.06 times.
- Retail investors subscribed 1.03 times.
- On the third day of bidding, the overall subscription stood at 2.66 times, according to BSE data.
- The IPO allotment was finalised on Thursday, February 12.
Fractal Analytics IPO: Price Band, Issue Size & Fund Utilisation
| Category | Details |
|---|---|
| IPO Price Band | ₹857 to ₹900 per equity share |
| Face Value | Re 1 per equity share |
| Lot Size | 16 equity shares |
| Bid Multiples | In multiples of 16 shares thereafter |
| Total Issue Size | ₹2,834 crore |
| Fresh Issue | ₹1,023.5 crore |
| Offer for Sale (OFS) | ₹1,810.4 crore |
| Debt Repayment | Part of proceeds to repay subsidiary borrowings |
| Capital Expenditure | Purchase of laptops and office expansion |
| Growth Investments | R&D, sales & marketing, and potential acquisitions |
Fractal Analytics IPO: Lead Managers and Registrar at the Helm
The IPO process was led by Kotak Capital, Morgan Stanley India, Axis Capital, and Goldman Sachs, who acted as the book-running lead managers. MUFG Intime India Pvt. Ltd. handled the operational process as the registrar, ensuring smooth execution.
The presence of these prominent names raised high expectations, leaving investors eager to see whether the stock’s debut performance would live up to the hype.