[Update] Fractal IPO: Shares End First Trading Session 6% Below Issue Price

Update | February 16, 18:00 IST

Shares of Fractal Analytics dropped following their listing to touch an intraday low at ₹832.10 on the BSE. The stock, however, recovered to end the first trading session at ₹847.40, a 5.84% decline from the issue and listing price.

The company’s market capitalisation stood at ₹14,572.32 Cr (about $1.6 Bn) at the end of the session.

On the NSE, the stock closed at ₹837.70, down 6.92% from the issue price and 4.37% from the listing price.

Original | February 16, 10:23 IST

AI and decision-intelligence company Fractal Analytics’ shares listed at ₹876 on the NSE, a discount of 2.7% to the issue price of ₹900. However, the shares listed flat at ₹900 on the BSE. At 10:14 IST, the stock was trading 3.12% below the issue price at ₹871.95 on the BSE. The company’s market capitalisation stood at ₹15,136 Cr (about $1.7 Bn) at the time.

The company’s ₹2,833.9 Cr IPO comprised a fresh issue of shares worth ₹1,023.54 Cr and an offer-for-sale (OFS) component of ₹1,810.4 Cr. The issue closed with 2.66X oversubscription. The price band for the IPO was set at ₹857-₹900 per share.

Onida Group’s Gulu Mirchandani’s GLM Family Trust raked in ₹450 Cr by offloading 50 Lakh shares via the OFS. VC firm Apax Partners raked in a 5.2X return on its initial investment by offloading 97.8 Lakh shares for ₹880.9 Cr.

Founded in 2000 by Srikanth Velamakanni and Pranay Agrawala, Fractal is an enterprise AI and analytics company that helps businesses improve decision-making using data science, machine learning and GenAI.

On the financial front, Fractal’s net profit declined about 3% to ₹70.9 Cr in H1 FY26 from ₹72.9 Cr in the year-ago period. Operating revenue grew 20% to ₹1,559 Cr from ₹1,300.7 Cr in H1 FY25.

With the listing, Fractal Analytics joined two new-age tech companies – Amagi and Shadowfax – that went public last month. Meanwhile, yet another new-age tech company Aye Finance also made its market debut today, listing flat at ₹129 issue price on the exchanges.

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