Fractal Analytics shares settled at Rs 847.15 on the NSE, nearly 7 per cent below their Rs 900 IPO price, after opening at Rs 876, rising to an intraday high of Rs 897.30 and falling to a low of Rs 831.30 before recovering some losses by the close
Shares of Fractal Analytics made a subdued stock market debut on Monday, closing nearly 7 per cent below the issue price as investor caution around artificial intelligence-led disruption dampened appetite for new-age technology plays.
The stock settled at Rs 847.15 on the NSE, down 6.92 per cent from its IPO price of Rs 900. It opened at Rs 876, briefly climbed to an intraday high of Rs 897.30, and slipped to a low of Rs 831.30 before trimming some losses toward the close.
IPO clears bar on final day amid IT sell-off
Fractal’s $314 million initial public offering scraped through with full subscription only on the final day of bidding last week. The timing proved challenging: Indian IT stocks were in the midst of their sharpest correction in nearly 10 months.
Investors have turned increasingly selective as rapid advances in generative AI raise questions over traditional revenue models of software and analytics firms. While AI adoption offers long-term growth potential, it also threatens to compress pricing power and alter client spending patterns in the near term.
Founded in 2000, Fractal Analytics provides AI-driven analytics solutions to several Fortune 500 companies. Its core verticals include Fractal.ai, which houses its AI products and services portfolio, and Fractal Alpha, which focuses on incubating new ventures and integrating acquisitions.
Analysts expect the stock to remain range-bound in the near term, pending clearer visibility on how emerging AI technologies reshape demand, margins and competitive positioning within the analytics ecosystem.
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