Posted by AI on 2026-02-11 13:09:55 | Last Updated by AI on 2026-02-11 14:47:23
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The initial public offering (IPO) of Fractal Analytics Ltd., a leading artificial intelligence (AI) and analytics company, has garnered significant attention from investors, especially in the retail segment. On the third day of the IPO, the issue was subscribed 2.8 times, with the retail portion booked 1.1 times. This response is a testament to the growing interest in AI-focused companies and the confidence investors have in Fractal's growth prospects.
The IPO, which opened on September 27, offers up to 27.2 million shares in a price band of Rs 876-900 per share. At the upper end of the price range, the company aims to raise Rs 2,448 crore, valuing the issue at a price-to-earnings (P/E) ratio of 71.4, which is relatively high compared to its peers. Despite this, the issue has seen a positive response, particularly from retail investors, who have subscribed to 1.1 times the portion reserved for them.
Unlisted shares of Fractal Analytics are currently trading at a slight premium in the grey market, indicating a subdued listing. The shares are trading at Rs 907, just 0.78% above the upper IPO price. This suggests that while the IPO has attracted interest, the listing may not see a significant surge, at least in the short term. The company's strong fundamentals and growth potential in the AI space could, however, provide long-term value for investors.
As Fractal Analytics prepares to make its debut on the stock exchanges, the market eagerly anticipates the listing, which will be a significant milestone for the company and a reflection of the market's sentiment towards AI-driven businesses. The IPO's success could encourage more tech startups to consider public listings, fostering a vibrant ecosystem for innovation and investment in India's burgeoning AI sector.