Fractal Analytics IPO Debuts at Discount: Hold, Buy, or Sell?

• Fractal Analytics IPO listed at a 2.67% discount on NSE (Rs 876) and flat on BSE (Rs 900) against the issue price of Rs 900.
• The IPO, valued at Rs 2,833.9 crore, closed on February 11 with a 2.81x subscription rate.
• Brokerage firms like Swastika Investmart noted subdued debut due to elevated valuations and global tech stock volatility, despite strong AI theme.
• Most brokerages recommended 'Subscribe' for long-term due to Fractal's comprehensive AI solutions and strong position in the DAAI market.
• Fractal's profitability significantly improved in FY25, with PAT reaching Rs 220.6 crore compared to a loss in FY22.