Update | February 09, 18:00 IST Fractal Analytics’ IPO saw a tepid opening with the issue getting subscribed 9% on the first day. Investors cumulatively placed bids for 15.8 lakh shares against the 1.85 Cr shares available. Retail investors showed the strongest interest in the public float, subscribing their quota by 35%. These investors placed bids for 11.3 Lakh shares against 32.37 shares reserved for them. The non institutional investor (NII) portion was subscribed 7%, with these investors placing bids for 3.49 Lakh shares against 48.55 Lakh shares on offer. Meanwhile, the employee quota saw a 13% subscription, receiving bids for 1.01 Lakh shares against 7.77 Lakh shares reserved for them. However, qualified institutional buyers (QIBs) placed the least bids of 224 shares against 97.10 Lakh shares reserved for them. Original | February 09, 13:53 IST AI and data analytics company Fractal Analytics’ IPO kicked off to a lukewarm investor response on Monday (February 9). As of 13:27 IST, the issue received bids for 11.19 Lakh shares against 1.85 Cr, translating to a mere 6% subscription. Retail individual investors (RIIs) have placed the highest number of bids till now, bidding for 8.08 Lakh shares against 32.36 Lakh shares on offer.… Read MoreInc42 Media
