SaaS major Fractal Analytics raised ₹1,248.3 Cr from anchor investors today before its IPO opens for subscription on Monday (February 9). The company allotted 1.39 Cr shares to anchor investors at ₹900 apiece, the upper end of its IPO price band of ₹857-₹900. Of this, 11 domestic mutual funds, including SBI, Motilal Oswal, UTI, Trust Mutual Fund, among others, lapped up 52.78 Lakh equity shares, translating to 38% of the anchor round. Five life insurance companies also participated in the anchor round, including LIC, SBI Life Insurance, HDFC Life Insurance, Bharti Axa and Edelweiss Life Insurance. They bought 27.88 Lakh (20.1% of the round) shares. Besides, investors like Morgan Stanley, Kuwait Investment Authority, Goldman Sachs, Amundi Funds, Societe Generale, among others, were also part of the round. The company’s IPO will now open for subscription on February 9 and close on February 11. Fractal’s shares will likely list on the exchanges on February 16. This follows the SaaS unicorn filing its red herring prospectus (RHP) with SEBI for an ₹2,833.9 Cr IPO earlier this month. The public issue will comprise a fresh issue of shares worth up to ₹ 1,023.54 Cr and an offer-for-sale (OFS) component of up to ₹1,810.4… Read MoreInc42 Media
