AI company Fractal's IPO subscribed 2.66 times on final day of bidding

At the upper end of the IPO price band of Rs 857-900 per share, Fractal is valued at around Rs 15,473 crore ($1.71 billion) on a post-money basis. The company was last valued at Rs 20,978 crore ($2.44 billion) in July 2025, when it raised $170 million. India’s first pure-play AI company had reduced the overall IPO size by about 42% to Rs 2,834 crore from its earlier plan of Rs 4,900 crore.