The much-awaited Fractal Analytics IPO listing turned out to be a muted one.
Shares of Fractal Analytics made their stock market debut on Monday, February 16. The stock listed at a 3% discount to its issue price of ₹900, reflecting a subdued start on both exchanges.
Let’s break down what happened and what the numbers really say.
Market Performance: Fractal Analytics IPO Listing Below Issue Price
The Fractal Analytics IPO listing began on a cautious note.
- NSE listing price: ₹876
- BSE listing price: ₹873
- Issue price: ₹900
- Listing discount: Approximately 3%
For IPO allottees, this translated into an immediate notional loss of nearly 3% on listing day.
The debut was steady but lacked strong momentum. There was no sharp spike or aggressive sell-off in the opening minutes. Instead, the stock reflected a calm and controlled entry into the market.
In short, the listing was below expectations for those hoping for quick gains.
IPO Subscription: Strong Institutional Participation
Despite the muted Fractal Analytics IPO listing, the subscription numbers during the bidding phase had shown solid investor interest.
By the end of the issue period, the IPO was subscribed 2.66 times overall.
Here’s how different investor categories responded:
- Qualified Institutional Buyers (QIBs): 4.18 times
- Non-Institutional Investors (NIIs): 1.06 times
- Retail Investors: 1.03 times
Institutional investors clearly led the demand. Retail participation was steady but not aggressive. NIIs showed moderate interest.
The IPO allotment was finalized on Thursday, February 12.
Fractal Analytics IPO Details: Price Band, Lot Size, Issue Size
The structure of the issue was straightforward.
- Price band: ₹857 to ₹900 per share
- Face value: Re 1 per equity share
- Lot size: 16 equity shares and multiples thereafter
The total issue size stood at ₹2,834 crore.
Break-up of the issue:
- Fresh Issue: ₹1,023.5 crore
- Offer for Sale (OFS): ₹1,810.4 crore
The fresh issue component means funds will flow directly into the company. The OFS portion involved existing shareholders divesting a part of their holdings.
This balance between fresh capital and OFS defined the overall structure of the Fractal Analytics IPO.
Utilisation of IPO Proceeds
The company has outlined clear uses for the funds raised through the fresh issue.
The capital will be deployed for:
- Repayment of certain outstanding borrowings of its subsidiary
- Purchase of laptops
- Expansion of office space
- Investment in research and development
- Sales and marketing initiatives
- Potential acquisitions
The emphasis appears to be on strengthening infrastructure, improving operational capability, and supporting future growth initiatives.
About Fractal Analytics: AI and Data-Led Business Model
Founded in 2000, Fractal Analytics operates in the field of artificial intelligence and advanced analytics.
The company provides end-to-end AI solutions and data-driven insights to large global enterprises. Its services span across multiple industries and business functions.
Key sectors served include:
- Consumer packaged goods and retail
- Technology, media and telecommunications
- Healthcare and life sciences
- Banking, financial services and insurance (BFSI)
As of March 31, 2025, the company’s client base included global technology leaders such as:
- Microsoft
- Apple
- Nvidia
- Alphabet
- Amazon
- Meta
- Tesla
This reflects the company’s strong presence among large multinational corporations.
Issue Management
The IPO was managed by:
- Kotak Capital
- Morgan Stanley India
- Axis Capital
- Goldman Sachs
MUFG Intime India Pvt. Ltd. acted as the registrar to the issue.
What the Fractal Analytics IPO Listing Signals?
The Fractal Analytics IPO listing at a 3% discount highlights a balanced debut rather than an aggressive one.
The subscription numbers showed institutional confidence, but the listing price reflected cautious sentiment on debut day. There was participation across investor segments, yet not at levels that triggered a premium listing.
For now, the stock has entered the market quietly, without excessive volatility.
Summary: Key Takeaways from Fractal Analytics IPO Listing
Here’s a clear snapshot of the listing day:
- Listed at ₹876 on NSE and ₹873 on BSE
- 3% discount to issue price of ₹900
- Total IPO size: ₹2,834 crore
- Fresh issue: ₹1,023.5 crore
- OFS: ₹1,810.4 crore
- Overall subscription: 2.66 times
The Fractal Analytics IPO listing marks the company’s formal entry into the Indian stock market. The debut was measured, data-driven, and reflective of moderate sentiment rather than exuberance.
The coming sessions will determine how the stock builds from here. For now, the numbers tell the story.
Source: Livemint
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