Fractal Analytics, an enterprise AI and analytics company, recently made its stock market debut with its initial public offering (IPO). The shares were listed at ₹876 on the National Stock Exchange (NSE), slightly below the issue price of ₹900, indicating a 2.7% discount. However, the stock faced a downward trend during the first trading session, closing at ₹837.70 on the NSE, down 6.92% from the issue price.
Founded in 2000, Fractal Analytics focuses on leveraging data science, machine learning, and generative AI to enhance decision-making processes for businesses. Despite the initial market reaction, the company’s IPO was oversubscribed 2.66 times during the final day of bidding, reflecting investor interest in AI-driven enterprises.
The IPO, totaling ₹2,833.9 crore, included a fresh share issue worth ₹1,023.54 crore and an offer-for-sale component of ₹1,810.4 crore. Notably, Onida Group’s GLM Family Trust and venture capital firm Apax Partners utilized the IPO to offload shares, with Apax Partners achieving a significant return on its initial investment.
While Fractal Analytics reported a slight decline in net profit in the first half of fiscal year 2026, the company’s market capitalization reached ₹14,572.32 crore after the debut trading session, emphasizing its position in the AI and analytics market.
Source: Inc42 Media