Fractal Analytics IPO witnesses slumped GMP on 1st bidding day

AI company Fractal Analytics' ₹2,833.90-crore IPO opened for subscription on February 9. The grey market premium (GMP) for the Fractal Analytics IPO is almost nil, indicating a loss of investor interest, according to Financial Express. The IPO is a mix of 1.14 crore fresh shares amounting to ₹1,023.50 crore and an offer-for-sale of 2.01 crore shares totalling to ₹1,810.40 crore.