Fractal Analytics share price: Stock lists at 2.7% discount on NSE; here's how much investors lost

On the BSE, the stock listed at ₹900 at par with the issue price.

Fractal Analytics IPO: Here's how much investors lost

The company sought to raise ₹2,833.90 crore via a fresh issuance of shares aggregating to ₹1,023.50 crore and an offer for sale (OFS) component of ₹1,810.40 crore by Venkateswara Remala, Satya Kumari Remala Rao, GLM Family Trust, Quinag Bidco and TPG Fett Holdings Pte Ltd. It had a price band of ₹857 to ₹900 per share.

The fresh issue proceeds will be utilised for investment in subsidiary Fractal USA for debt clearance, buying laptops, establishing new offices in India, investing in research and development (R&D), funding acquisitions and other strategic initiatives, supporting sales and marketing under Fractal Alpha, and general corporate purposes.

The IPO was subscribed 2.66 times, with total bids for 4,94,79,888 shares compared to 1,85,79,360 shares on offer, according to the data on stock exchanges.

Fractal Analytics Ltd was co-founded by Srikanth Velamakanni and Pranay Agrawal in 2000. It supports large global companies across multiple industry verticals and business functions with data-driven insights and helps them in decision-making through end-to-end artificial intelligence solutions.

It is a leading pure-play data and AI company with domain expertise spanning across retail & consumer packaged goods technology, media and telecom, banking, financial services and insurance, and healthcare and life sciences.

As of March 2025, the firm served global enterprises, including Microsoft, Nvidia, Alphabet, Amazon, Meta, Apple and Tesla.