Overview
- Fractal Analytics opened at Rs 876 on the NSE, a 2.67% discount to the Rs 900 issue price, and finished its first session roughly 7% below the offer level, according to multiple reports.
- The AI and data-analytics firm raised about Rs 2,834 crore at a price band of Rs 857–900, with overall subscription of around 2.66x driven by QIB interest and comparatively softer retail and NII demand.
- Coverage highlights materially improved FY25 profitability and states that IPO proceeds are earmarked for investing in the U.S. subsidiary to repay debt, as well as for R&D, office expansion, sales and marketing, and potential acquisitions.
- Aye Finance began trading at Rs 129 on both BSE and NSE, matching its issue price after a weak subscription of about 97% overall, with retail and NII portions undersubscribed.
- On the second trading day, Fractal shares rebounded by over 6% in early trade, recouping a portion of their listing-day decline, as reported by Financial Express.