Fractal Analytics IPO subscribed 1.45 times so far on Day 3: Check allotment date and steps

Fractal Analytics IPO: The initial public offering of artificial intelligence solutions provider Fractal Analytics has been subscribed 1.45 times so far on the final day of bidding on Wednesday, February 11.

It has received bids for 2,69,80,688 shares as against 1,85,79,360 shares on offer, according to the NSE data until 1:17 pm. Retail individual investors (RIIs) subscribed to their portion 77%, while the part for non-institutional investors (NIIs) was booked 46%. The quota for qualified institutional buyers (QIBs) received 2.27 times subscription.

The ₹2,833.90 crore issue, with a price band of ₹857 to ₹900 per share, comprises 1.14 crore new equity shares totalling ₹1,023.50 crore and an offer for sale of ₹1,810.40 crore. Those offloading their stake in the OFS include Quinag Bidco, Satya Kumari Remala Rao, Venkateswara Remala, TPG Fett Holdings Pte Ltd and GLM Family Trust. The lot size for an application is 16 shares.

The net proceeds will be used for the following objectives:

• Debt repayment of subsidiary Fractal USA
• Setting up new domestic offices
• Purchase of laptops
• Investment in R&D and Fractal Alpha's sales and marketing
• Unidentified acquisitions and general corporate purposes

Fractal Analytics, co-founded by Srikanth Velamakanni and Pranay Agrawal in 2000, is a leading pure-play data and artificial intelligence (AI) company. It has domain expertise spanning across consumer packaged goods & retail, media and telecom, technology, healthcare and life sciences, and banking, financial services and insurance.

Fractal Analytics IPO allotment and listing date

Fractal Analytics IPO allotment status is likely to be finalised on Thursday, February 12. The company will make its stock market debut on February 16.

How to check Fractal Analytics IPO allotment status on MUFG Intime India

• Visit the allotment status page of MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Fractal Analytics Limited’ from the drop-down list for issue names
• Type in any of the following details: DP/Client ID, Application No, PAN or Account No/IFSC
• Press the ‘Submit’ button

Steps to check Fractal Analytics IPO allotment status on NSE website

• Visit NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Choose ‘Fractal Analytics’ under the symbol ‘FRACTAL’
• Enter your application number and PAN details
• Click on the 'Submit' button

Fractal Analytics IPO GMP

According to investorgain.com and media reports, Fractal Analytics' unlisted shares are trading at ₹907, reflecting a grey market premium of 0.78% over the upper price band of ₹900.