The AI Pure-Play Test: Fractal IPO Subscribed 2.6X as Institutional Investors

TL;DR

On its final day of bidding, Fractal Analytics' ₹2,834-crore IPO saw a robust 2.6X subscription. While retail interest was steady, the story of the day was the Qualified Institutional Buyers (QIB) segment, which oversubscribed by 4.2X, signaling strong institutional confidence in India's AI future.

Vichaarak Perspective

"The The AI Pure-Play Test: Fractal IPO Subscribed 2.6X as Institutional Investors Lead the Charge represents a fundamental shift in the Indian startup ecosystem. As we move towards 2026, the focus on sustainable unit economics and deep-tech integration will define the winners. This is not just a trend; it's the new baseline."