Fractal Analytics' IPO received 2.66 times oversubscription, led by strong interest from institutional buyers. The company aims to raise Rs 2,834 crore to fund strategic initiatives, including expansion and debt repayment. The IPO, scaled down from an initial Rs 4,900 crore plan, will debut on February 16.

Fractal Analytics IPO Sees Robust Demand; Debut Set for February

Fractal Analytics Sees Strong Interest in Initial Public Offering

Fractal Analytics, a leading provider of AI solutions, has garnered significant attention in its initial public offering (IPO), which saw a 2.66 times oversubscription on its final bidding day.

The company aims to raise Rs 2,834 crore, down from its initial target of Rs 4,900 crore, to fund various strategic and expansion initiatives.
With strong support from institutional buyers, including anchor investments worth Rs 1,248.26 crore, Fractal is set to make its stock market debut on February 16.

Data-Driven AI Leader Set to Make Stock Market Debut

Fractal's IPO success underscores its position as a leader in the data-driven AI solutions market, with a strong foundation for growth and expansion.