Fractal Analytics IPO Subscribed 2.66 Times on Final Day, QIBs Lead Demand

• Fractal Analytics IPO subscribed 2.66 times on the last day of bidding, showing strong investor confidence.
• The AI-based unicorn company set a price band of Rs 857 to Rs 900 per share.
• Qualified Institutional Buyers (QIBs) oversubscribed their portion 4.18 times, while NIIs and retail investors subscribed 1.06 and 1.03 times respectively.
• Fractal Analytics, founded in 2000, provides data analytics and AI solutions to Fortune 500 companies.
• Funds from the IPO will be used for debt repayment, future expansion, and acquisitions; share allotment and listing on BSE/NSE are next.