Fractal Industries IPO subscribed 1.72 times so far on Day 2: 10 key things retail investors should know

Fractal Industries IPO: Fractal Industries' initial public offering has been subscribed 1.72 times so far on the second day of bidding on Tuesday, February 17. The issue secured bids for 27,93,600 shares against 16,23,600 shares on offer, according to BSE data until 12:11 pm.

The portion for individual investors was subscribed 52%, while the part for qualified institutional buyers received 4.96 times subscription. The quota for non-institutional investors was subscribed 60%.

Fractal Industries IPO: 10 key things retail investors should know

• Fractal Industries IPO subscription period: The initial public offering is live from February 16 to February 18.
• IPO offer structure: The ₹49 crore book-build issue is only a fresh issuance of 22.68 lakh shares.
• Fractal Industries IPO price band: The price band has been fixed at ₹205 to ₹216 per share.
• Fractal Industries IPO lot size: An application consists of 600 shares. Individual investors can apply for a minimum of 1,200 shares.
• Reservation: The company has reserved 50% of the issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 35% for individual investors.
• Objectives: The fresh issue proceeds will be used for working capital requirements and general corporate purposes. "Our company expects to receive the benefits of listing its equity shares on the stock exchanges, including enhancing its visibility and brand image, and creating a public market for our equity shares," the firm said in its red herring prospectus.
• Book-running lead manager: Finaax Capital Advisors Private Limited is the sole book-running lead manager to the issue.
• Registrar: KFin Technologies serves as the registrar.
• Fractal Industries IPO allotment date: The basis of allotment is expected to be finalised on February 19.
• Listing date: The listing on the SME platform of BSE will occur on February 23.

About Fractal Industries

Fractal Industries is involved in the designing, sourcing and manufacturing of garments. It offers end-to-end warehousing and supply chain services to e-commerce platforms.

It integrates agile design-to-delivery manufacturing, rigorous quality control, scalable production capabilities and data-driven supply chain management to aid brands and private labels in boosting speed-to-market, improving margins and improving customer satisfaction.