Fractal Analytics IPO Subscribed 9% on Day 1; Retail Bids at 35%

• Fractal Analytics' Rs 2,834-crore IPO saw 9% subscription on its first day, receiving bids for 15.8 lakh shares against 1.85 crore on offer.
• Retail individual investors subscribed 35% of their portion, while non-institutional investors subscribed 7%.
• The company raised Rs 1,248.26 crore from anchor investors, including domestic and global institutions, before the IPO opened.
• The IPO, with a price band of Rs 857-900 per share, values Fractal Analytics at approximately Rs 15,500 crore.
• Proceeds will fund Fractal USA, repay borrowings, purchase laptops, establish new offices, invest in R&D, and support acquisitions.