Fractal Analytics IPO Sees Muted Response, Subscribed 20% on Day 2

• Fractal Analytics' IPO received a muted response, subscribing 20% on the second day.
• The IPO garnered bids for 3,640,320 shares against 18,579,360 shares on offer.
• Retail investors subscribed 60%, non-institutional investors 27%, and QIBs 2%.
• The Rs 2,834-crore IPO concludes on February 11, with a price band of Rs 857-900 per share.
• Proceeds will fund debt repayment, R&D, acquisitions, and general corporate purposes.