Fractal Analytics IPO listing: Shares list at 3% discount to the IPO price

Fractal Analytics IPO listing: Shares of Fractal Analytics made a dull debut on the Indian stock market on Monday, February 16. Fractal Analytics share price listed at 3% discount to the IPO price of ₹900. Fractal Analytics IPO listing: Fractal Analytics share price opened at ₹876 on NSE and ₹873 on BSE, on February 16. This means that the IPO allottees made a loss of 3% on the Fractal Analytics IPO listing. The listing came in line with the grey market expectations, which signaled weak debut. Ahead of listing, the GMP of Fractal Analytics IPO was ₹-28, as per Investorgain. Fractal Analytics IPO details By the end of the bidding period, the issue garnered a healthy response, led by strong participation from qualified institutional buyers (QIBs), who subscribed 4.18 times, followed by non-institutional investors (NIIs) at 1.06 times. Retail investors subscribed 1.03 times. Notably, on the third day of the IPO, the Fractal Analytics IPO subscription stood at 2.66 times, according to BSE data. The allotment of the Fractal Analytics IPO was finalised on Thursday, February 12. The price band for the Fractal Analytics IPO has been set at ₹857 to ₹900 per equity share with a face value of Re 1. The lot size comprises 16 equity shares and multiples of 16 thereafter. The ₹2,834-crore offering includes a fresh issue of shares worth ₹1,023.5 crore and an offer for sale (OFS) component amounting to ₹1,810.4 crore. The company intends to use part of the proceeds to help its subsidiary repay certain outstanding borrowings. A portion of the funds will also be allocated toward the purchase of laptops, expansion of office space, and investments in research and development, sales and marketing, as well as potential acquisitions. Kotak Capital, Morgan Stanley India, Axis Capital, and Goldman Sachs are the book-running lead managers to the issue, while MUFG Intime India Pvt. Ltd. is acting as the registrar. Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.