The Fractal Analytics IPO closed its final subscription day with solid momentum. By 1:30 pm on Day 3, the issue was subscribed 1.46 times, reflecting strong participation from institutional investors.
In a market where investors are selective, the demand trend clearly stood out. The Fractal Analytics IPO managed to get fully subscribed before the closing bell, primarily backed by heavy interest from qualified institutional buyers (QIBs).
Let’s break down what happened.
Market Performance: Fractal Analytics IPO Subscription Status
The Rs 2,834-crore Fractal Analytics IPO saw steady traction through the bidding window. As per NSE data available at 1:30 pm on the final day:
- Total bids received: 2.7 crore shares
- Total shares on offer: 1.85 crore shares
- Overall subscription: 1.46 times
The numbers tell a clear story. Demand was higher than the shares available. That’s always the first checkpoint investors track during an IPO.
The issue was open for subscription till 5 pm in the primary market.
Investor Category-Wise Breakdown
Demand was uneven across categories, but institutional participation stood out.
Here’s how each segment responded to the Fractal Analytics IPO:
- Qualified Institutional Buyers (QIBs): 2.27 times subscription
- Retail Individual Investors (RIIs): 78% subscription
- Non-Institutional Investors (NIIs): 46% subscription
The strongest push came from QIBs. A 2.27x subscription in the institutional bucket reflects serious participation from large investors.
On the other hand, retail participation remained below full subscription at the time of reporting. NIIs also stayed under the 1x mark.
This pattern often signals that institutional conviction was stronger compared to retail sentiment during the bidding period.
Anchor Investor Participation
Before the public issue opened, Fractal Analytics IPO attracted anchor backing.
The company raised:
- Rs 1,248.26 crore from anchor investors
Anchor participation generally provides early visibility into investor appetite. In this case, it added early strength before the broader market bidding began.
IPO Details at a Glance
Here are the key financial details of the Fractal Analytics IPO:
- Issue Size: Rs 2,834 crore
- Price Band: Rs 857 to Rs 900 per share
- Valuation at upper band: Nearly Rs 15,500 crore
The IPO size and valuation positioned Fractal Analytics among notable offerings in the AI solutions space.
Company Snapshot: Fractal Analytics
Fractal Analytics operates in the AI solutions segment, offering technology-driven analytics solutions. The company positioned its public issue in a market where artificial intelligence and data-led transformation themes continue to stay in focus.
The IPO aimed to tap primary market capital through a structured offering under the fixed price band of Rs 857–900 per share.
With a nearly Rs 15,500 crore valuation at the upper band, the company entered the listed space with considerable scale.
Why the Fractal Analytics IPO Gained Attention?
Three factors defined the trend in the Fractal Analytics IPO:
- Strong QIB Demand: 2.27x booking in the institutional portion
- Anchor Backing: Rs 1,248.26 crore raised before public bidding
- Full Subscription on Day 3: 1.46x overall demand
In the primary market, institutional oversubscription often becomes the driving force in the final leg of bidding. That was visible here as well.
Retail and NII participation remained relatively moderate compared to QIB demand, but overall the issue managed to close fully subscribed.
Final Take: What the Numbers Say?
The Fractal Analytics IPO closed with:
- Full subscription on the final day
- 1.46x overall demand
- 2.27x subscription in QIB category
- Rs 2,834 crore issue size
- Rs 1,248.26 crore raised from anchor investors
The story of this IPO was simple. Institutional investors stepped in strongly. Retail demand remained selective. But together, the demand crossed the share supply.
In today’s market, numbers speak louder than noise. And for the Fractal Analytics IPO, the numbers showed clear participation from large investors.
That’s how the issue wrapped up on Day 3.
Source: Moneycontrol
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