Fractal Analytics IPO opens today: Check price band, GMP and key details
India Today
The latest grey market premium for Fractal Analytics IPO stands at Rs 17, suggesting an estimated listing price of around Rs 917 and a possible gain of about 1.9% per share.
The initial public offering (IPO) of AI and analytics firm Fractal Analytics opened for subscription on Monday, February 9, giving investors a chance to bet on a fast-growing technology player. The issue will remain open until February 11 and is scheduled to list on the BSE and NSE on February 16.
Fractal Analytics’ IPO is a book-built issue worth Rs 2,833.90 crore. It includes a fresh issue of 1.14 crore shares worth Rs 1,023.50 crore and an offer for sale of 2.01 crore shares aggregating to Rs 1,810.40 crore.
The company has fixed a price band of Rs 857 to Rs 900 per share. The lot size is 16 shares, which means a retail investor needs to invest at least Rs 14,400 in the upper price band. The allotment is expected to be finalised on February 12.
The latest grey market premium for Fractal Analytics IPO stands at Rs 17, suggesting an estimated listing price of around Rs 917 and a possible gain of about 1.9% per share.
Founded in 2000, Fractal Analytics is a global enterprise AI and analytics company that helps large organisations make smarter business decisions. It combines technical expertise with industry knowledge to design AI-driven solutions.
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The IPO is expected to be structured as an "offer for sale" (OFS). This means existing investors will sell a part of their stake to the public, rather than the company issuing new shares.
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