Amid the growing activity in the IPO market, Fractal Analytics has garnered strong investor confidence even before its listing. The company has already raised ₹1,249 crore from anchor investors prior to its IPO.
Investors are confident in this company's IPO; it raised 1249 crore rupees in an anchor round, with investors ranging from LIC to Morgan Stanley.
Fractal Analytics IPO: Amidst the growing activity in the IPO market, Fractal Analytics has garnered strong investor confidence even before its listing. The company has successfully raised ₹1,249 crore from anchor investors prior to its IPO. This amount was raised by allocating 1,38,69,499 equity shares to 52 anchor investors at an upper price band of ₹900 per share.
The participation of LIC, major Indian mutual funds, and global institutions like Morgan Stanley and Goldman Sachs in this anchor round has made this IPO a topic of significant discussion in the market. Let's learn more about this IPO...
Big insurance companies placed bets
Fractal Analytics' anchor round saw a strong presence from several major insurance companies, including Life Insurance Corporation of India (LIC), HDFC Life Insurance, SBI Life Insurance, Bharti AXA Life Insurance, and Edelweiss Life Insurance.
The participation of these institutional investors is generally seen as a sign of long-term confidence, which further positively influences market sentiment towards the IPO.
Global investors showed interest
Fractal Analytics' anchor round also saw participation from several international investors, including major global institutional investors such as Morgan Stanley Investment Funds and Goldman Sachs Bank Europe.
Apart from this, other foreign investors like Ashoka Whiteoak Emerging Markets Funds, Jupiter Global Fund, Flumen Investment Trust, Optimix Wholesale Global Emerging Markets Share Trust, Neo Prime Fund, and Neo Secondaries Fund have also shown their interest in this issue.
Investors will be able to place bets from February 9
Fractal Analytics' initial public offering (IPO) will open for subscription on Monday, February 9. Investors can place their bets on the company until Wednesday, February 11. The company has set a price band of ₹857 to ₹900 per share for the issue.
The company has set the face value of the shares at Re 1. Investors will need to apply for a minimum lot of 16 shares.
