Fractal Analytics IPO Listing: Stock Opens Below Issue Price on NSE
New Delhi, February 16: Shares of Fractal Analytics made a subdued debut on the stock exchanges on Monday, listing at a discount of nearly 3 percent to the issue price of ₹900.On the NSE, the stock opened at ₹876, marking a 2.67 percent decline from the IPO price. Selling pressure continued after listing, dragging the share price down by 4.94 percent to ₹855.55.
On the BSE, however, the stock opened flat at ₹900 per share.
Following the listing, the company’s market capitalisation stood at ₹14,839.73 crore on the NSE.
Broader Markets Trade Higher
The weak debut came even as benchmark equity indices traded in positive territory during the morning session.The 30 share BSE Sensex advanced 185.88 points, or 0.22 percent, to 82,812.64. The NSE Nifty rose 57.50 points, or 0.23 percent, to 25,528.60.
IPO Subscription and Price Band Details
Fractal Analytics’ ₹2,834 crore initial public offering was subscribed 2.66 times on the final day of bidding last week.The company had fixed the price band at ₹857 to ₹900 per share.
The IPO comprised a fresh issue of equity shares worth up to ₹1,023.5 crore and an offer for sale aggregating ₹1,810.4 crore. The company had earlier reduced its IPO size from ₹4,900 crore, as proposed in its draft papers filed in August last year.
Utilisation of IPO Proceeds
The proceeds from the fresh issue are earmarked for multiple strategic initiatives. These include investment in its subsidiary Fractal USA for debt repayment, purchase of laptops, setting up new offices in India, investment in research and development, and support for sales and marketing under Fractal Alpha.Funds will also be deployed toward acquisitions, other strategic initiatives, and general corporate purposes.
Company Profile and Global Client Base
Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal Analytics is a pure play data and artificial intelligence company.The company has domain expertise across consumer packaged goods and retail, technology, media and telecom, healthcare and life sciences, and banking, financial services and insurance. It provides data driven insights and end to end AI solutions to support decision making for large global enterprises.
As of March 31, 2025, its client roster includes leading global companies such as Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla.
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