Fractal AI IPO Khula: GMP Gira 90%, Valuation Par Investors Ko Tension!

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AuthorAnanya Iyer|Published at:
Fractal AI IPO Khula: GMP Gira 90%, Valuation Par Investors Ko Tension!
Overview

Toh bhaiyo, Fractal Analytics ka IPO aa gaya hai, subscription 9th Feb ko shuru ho gaya hai aur price band **₹857 se ₹900** tak hai. Magar market mein charcha hai ki Grey Market Premium (GMP) jo pehle **90%** tak upar tha, woh ab gir kar sirf **2%** pe aa gaya hai. Matlab listing gains ki umeed thodi kam lag rahi hai filhal.

Fractal Analytics jiska sabko intezaar tha, uska IPO khul gaya hai 9th Feb ko, aur yeh 11th Feb tak chalega. Price band hai ₹857 se ₹900 tak. Asal khabar yeh hai ki Grey Market Premium (GMP) mein badi girawat aayi hai. Pehle yeh stock listing ke time 90% tak ka premium dikha raha tha, par ab yeh 2% par aa gaya hai. Yeh thoda investors ko caution karne wala signal hai.

IPO Ki Details Aur Fund Kahan Jayega?

Yeh IPO total ₹2,833.90 crore ka hai. Ismein ₹1,023.50 crore ka fresh issue hai aur ₹1,810.40 crore ka Offer for Sale (OFS). Company is paison se US subsidiary ka debt chukayegi, R&D mein invest karegi, sales aur marketing badhayegi, India mein office infra failayegi, aur shayad kuch acquire bhi kare. Matlab growth par focus hai.

Anchor Investors Ka Interest

Bade players ne toh IPO khulne se pehle hi interest dikhaya hai. 52 anchor investors ne ₹1,248.26 crore lagaye hain, jismein SBI Mutual Fund, ICICI Prudential Mutual Fund, Morgan Stanley jaise bade naam shamil hain.

Brokerage Kya Keh Rahe Hain?

Brokerage houses ki rai thodi mili-juli hai, sabse zyada valuation ko lekar. Anand Rathi aur Geojit Investments keh rahe hain ki company ka P/E multiple kaafi 'rich' hai – Anand Rathi ke hisab se FY26 ke liye 79x aur Geojit ke hisab se FY25 ke liye 70x aur FY26E ke liye 109x (annualized) hai. Lekin, dono ne hi 'high-risk' wale investors ko 'Subscribe' karne ki salah di hai, woh bhi long-term ke liye, kyunki AI sector mein company ka future acha lag raha hai. Deven Choksey Research bhi revenue aur profit growth ko lekar optimistic hain aur long-term view recommend kar rahe hain. Toh agar aap thode risky hain aur lamba soch sakte hain, toh yeh aapke liye ho sakta hai.

Yaad rakho, IPO 11th Feb ko band ho jayega aur listing 16th Feb ko hogi. Ab decision aapka hai, valuation dekho ya AI ka future!

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