Fractal Analytics IPO Day 2 Update: Subscription Reaches 11% as Retail, NII Participation Picks Up

Market Performance: How the Fractal Analytics IPO Is Shaping Up

The Fractal Analytics IPO continued to see a steady, though measured, response on the second day of bidding. As of around 11:15 am on Tuesday, the issue was subscribed 11% overall, according to data available on the NSE.

The three-day public issue has received bids for 20.9 lakh shares, against a total issue size of 1.85 crore shares. While the overall subscription remains modest, participation from specific investor categories tells a clearer story of where the interest is coming from.

On Day 1, the Fractal Analytics IPO opened to a muted start, ending the session with just 9% subscription. Day 2 so far has shown incremental improvement, largely driven by retail and non-institutional investors.

Main News: Retail and NII Investors Lead Day 2 Demand

A closer look at the category-wise data reveals that smaller investors are providing most of the momentum so far.

• Retail Individual Investors (RII): 46% subscribed
• Non-Institutional Investors (NII): 7% subscribed
• Overall Subscription (Day 2 so far): 11%

Retail participation stands out, nearing the halfway mark even as overall demand remains restrained. Non-institutional investors have also started to step in, albeit at a slower pace.

This pattern suggests cautious interest rather than aggressive bidding at this stage of the Fractal Analytics IPO.

Company Details: Offer Size, Pricing, and Key Issue Data

Fractal Analytics, an artificial intelligence solutions provider, is raising funds through a Rs 2,834-crore IPO. The issue is scheduled to close on February 11.

Key details of the Fractal Analytics IPO include:

• Total Issue Size: Rs 2,834 crore
• Price Band: Rs 857 to Rs 900 per share
• Shares on Offer: 1.85 crore
• Valuation at Upper Band: Nearly Rs 15,500 crore

Ahead of the public issue, Fractal Analytics secured Rs 1,248.26 crore from anchor investors, providing the IPO with a base of institutional participation before it opened to the broader market.

Summary: Where the Fractal Analytics IPO Stands Right Now?

As bidding enters the middle of its three-day window, the Fractal Analytics IPO is seeing gradual participation, led mainly by retail investors and NIIs. While the overall subscription remains in low double digits, day-on-day progress indicates a cautious but steady build-up in demand.

With one more day left before closure on February 11, market participants will continue to track category-wise response and subscription trends closely. For now, the Fractal Analytics IPO reflects a measured investor approach rather than a rush, keeping the focus firmly on data-driven participation as the issue progresses.

Source: Moneycontrol