AI solutions provider Fractal Analytics’s IPO booked nearly 2.66 times at the time of bid closure on the final day. While the overall demand doesn’t appear strong, bids from Qualified Institutional Buyers (QIBs) witnessed over 4X oversubscription.
According to exchange data, QIBs subscribed 4.18X, followed by Non-Institutional Investors (NIIs) at 1.06 times. The retail investor quota saw muted demand, with subscriptions reaching only 1.03X.
Importantly, employee quota saw meagre subscription at 0.6X.
Fractal’s initial public offering was open for…

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