Update | February 11, 20:08 IST Fractal Analytics’ IPO ended the final day of bidding with an oversubscription of 2.66X. Investors cumulatively placed bids for 4.95 Cr shares against 1.86 Cr shares open for subscription. Qualified institutional buyers (QIBs) oversubscribed their reserved quota the most, bidding for 4.06 Cr shares against the 97.1 Lakh shares reserved for them. This translated to a 4.18X oversubscription. Besides, non institutional investors (NIIs) and retail investors also completely subscribed their respective quotas. NIIs placed bids for 51.27 Lakh shares against 48.55 Lakh reserved for them, leading to a 1.06X oversubscription. Meanwhile, RIIs placed bids for 33.22 Lakh shares against 32.36 Lakh shares reserved for them. This led to a 1.03X oversubscription of their quota. However, the portion reserved for employees remained undersubscribed. Fractal’s employees placed bids for only 4.8 Lakh shares, against 7.7 Lakh shares offered to them. These investors only subscribed to their quota by 61%. Original | February 11, 14:39 IST Fractal Analytics’ IPO picked up pace during the third bidding day, with the issue subscribing 1.84X. As of 14:27 IST, investors have cumulatively placed bids for 3.41 Cr shares against a total size of 1.86 Cr shares on offer till now.… Read MoreInc42 Media
