Fractal Analytics IPO: GMP Falls, Negative Listing Expected on Feb 16

• Fractal Analytics IPO's Grey Market Premium (GMP) has fallen to (-) Rs 7, indicating a negative listing on February 16.
• The IPO was subscribed 2.81 times, with QIBs leading at 4.41x, NIIs at 1.11x, and retail at 1.10x.
• The company scaled down its IPO size from Rs 4,900 crore to Rs 2,833.9 crore, including a fresh issue and OFS.
• Proceeds will fund Fractal USA, repay borrowings, set up new offices, invest in R&D, and support acquisitions.
• Fractal Analytics, co-founded by Srikanth Velamakanni and Pranay Agrawal, is a pure-play AI and data analytics firm.