India’s AI-focused firm Fractal Analytics witnessed strong investor traction as its Rs. 2,834 cr IPO achieved full subscription on the last day of bidding. Institutional investors led the demand, while retail participation remained relatively moderate.
The issue, priced in the band of Rs. 857–900 per share, drew attention as the country’s first pure-play AI public offering. Market observers believe the successful closure indicates rising institutional confidence in AI-led business models, though retail investors remained selective due to valuation concerns.
