Fractal Analytics IPO subscribed 14% so far on Day 2: Check price band, lot size and objectives

Fractal Analytics IPO: The initial public offering of artificial intelligence solutions provider Fractal Analytics has been subscribed 14% so far on the second day of bidding on Tuesday, February 10.

It got bids for 25,34,992 shares as against 1,85,79,360 shares on offer, according to the consolidated data on the NSE website until 2:09 pm.

The part reserved for retail investors was subscribed 54%, while the non-institutional investors' (NIIs) portion was booked 13%.

The ₹2,833.90 crore IPO is a combination of fresh issuance of shares aggregating to ₹1,023.50 crore and an offer for sale (OFS) component of shares valued at ₹1,810.40 crore. The total issue size is ₹2,833.90 crore.

Those selling shares in the OFS include TPG Fett Holdings Pte Ltd, Satya Kumari Remala Rao, Venkateswara Remala, Quinag Bidco Ltd, and GLM Family Trust.

The company intends to use the proceeds from the fresh issue to invest in its subsidiary, Fractal USA, for loan clearance, buy laptops, establish new offices in India, invest in research and development (R&D), support Fractal Alpha's sales and marketing, fund acquisitions and general corporate purposes.

With a price band of ₹857 to ₹900 per share, a lot consists of 16 shares.

The company's shares will hit the secondary market on February 16.

Fractal Analytics IPO GMP

According to investorgain.com and media reports, Fractal Analytics' unlisted shares are trading at ₹908, reflecting a grey market premium of 0.89% over the upper price band of ₹900.

About Fractal Analytics

Co-founded by Srikanth Velamakanni and Pranay Agrawal in 2000, Fractal Analytics supports large global enterprises with data-rich insights and assists them in the decision-making process through end-to-end AI solutions.

Backed by marquee investors like TPG, Gaja and Apax, Fractal Analytics is a leading pure-play data and artificial intelligence (AI) firm and has domain expertise spanning across media and telecom, technology, banking, financial services and insurance, and healthcare and life sciences.

As of March 2025, it has served global companies such as Apple, Microsoft, Nvidia, Amazon, Meta, Tesla and Alphabet.