Update | February 16, 18:00 IST Shares of Fractal Analytics dropped following their listing to touch an intraday low at ₹832.10 on the BSE. The stock, however, recovered to end the first trading session at ₹847.40, a 5.84% decline from the issue and listing price. The company’s market capitalisation stood at ₹14,572.32 Cr (about $1.6 Bn) at the end of the session. On the NSE, the stock closed at ₹837.70, down 6.92% from the issue price and 4.37% from the listing price. Original | February 16, 10:23 IST AI and decision-intelligence company Fractal Analytics’ shares listed at ₹876 on the NSE, a discount of 2.7% to the issue price of ₹900. However, the shares listed flat at ₹900 on the BSE. At 10:14 IST, the stock was trading 3.12% below the issue price at ₹871.95 on the BSE. The company’s market capitalisation stood at ₹15,136 Cr (about $1.7 Bn) at the time. The company’s ₹2,833.9 Cr IPO comprised a fresh issue of shares worth ₹1,023.54 Cr and an offer-for-sale (OFS) component of ₹1,810.4 Cr. The issue closed with 2.66X oversubscription. The price band for the IPO was set at ₹857-₹900 per share. Onida Group’s Gulu Mirchandani’s GLM Family Trust raked… Read MoreInc42 Media
