New Delhi, February 16 Shares of Fractal Analytics, a provider of artificial intelligence (AI) solutions, closed at a discount of 7 per cent against the issue price of Rs 900 on its debut trading day on Monday.
The stock listed at Rs 876, a decline of 2.67 per cent from the issue price on the NSE. During the day, it reached a high of Rs 897.30. It finally ended at Rs 837.70, down 6.92 per cent.
On the BSE, the shares made a flat debut, opening at Rs 900 per share. Later, the scrip closed at Rs 847.40 per share, down 5.84 per cent.
At the end of the trading session, the company's market capitalization stood at Rs 14,572.32 crore on the BSE.
In terms of volume, 68.19 lakh shares of Fractal Analytics were traded on the NSE, and 4.21 lakh shares changed hands on the BSE.
Meanwhile, the BSE Sensex rose by 650.39 points, or 0.79 per cent, to close at 83,277.15, while the NSE Nifty advanced by 211.65 points, or 0.83 per cent, to settle at 25,682.75.
Last week, Fractal Analytics' initial public offering (IPO) was 2.66 times on the final day of bidding. The company had fixed the price band at Rs 857 to Rs 900 per share.
The Rs 2,834-crore IPO comprises a fresh issue of equity shares worth up to Rs 1,023.5 crore, and an offer for sale of Rs 1,810.4 crore.
The proceeds from the fresh issue will be used to invest in its subsidiary, Fractal USA, for debt repayment, purchase laptops, set up new offices in India, invest in research and development, support sales and marketing under Fractal Alpha, fund acquisitions and other strategic initiatives, and for general corporate purposes.
Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal Analytics is a pure-play data and artificial intelligence (AI) company, and has domain expertise across consumer packaged goods & retail, technology, media and telecom, healthcare and life sciences, and banking, financial services and insurance.
It provides data-driven insights and assists in decision-making through end-to-end AI solutions to large global enterprises across multiple industry verticals and business functions.
As of March 31, 2025, the firm serves global companies, including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla.
