Fractal Analytics shares were listed with weakness on February 16. This disappointed investors expecting listing gains. This share was listed with a decline of about 3 percent from the issue price of IPO. Later the decline increased further. At 1:54 pm the stock was down 4.82 per cent at Rs 856.
IPO was subscribed 2.66 times
Shares of Fractal Analytics were listed on NSE at 2.67 percent discount from the issue price i.e. Rs 876. The company had fixed the price band of Rs 857-900 for the shares in the issue. This issue of Rs 2,834 crore was subscribed 2.66 times. This IPO was open for investment between 9 and 11 February.
Shares fell by more than 5% after listing
Weak listing of the company’s shares may put pressure on IT stocks. At one time during trading (at 11:30 am) this stock had fallen by 5.25 percent. Later it managed to recover a bit. On February 16 also, pressure was seen on IT shares. This index has fallen by more than 16 percent in the last one month.
Presence in AI and analytics market
Shivani Nayati, Head (Wealth), Swastika Investmart, said Fractal Analytics has a strong presence in the high-growth global AI and analytics market. Long term investors can maintain investment in this stock. There are almost no listed companies related to AI in India.
IT shares fall for the fourth consecutive day
There was also a decline in the shares of Indian IT companies on 16 February. This was the fourth consecutive day of decline in IT stocks. At one point the index had fallen by more than 1 percent. Later it managed to recover to some extent. At 2:11 pm it was down 0.97 percent at 32,370 points. It has fallen 9.5 percent in the last four sessions. It is 32 percent below its peak. It was at a peak of 41,530 in December 2025.
Weakness in shares of TCS, Infosys, Wipro
TCS shares were down 0.31 per cent at 2:14 pm. Infosys shares were weak by 1.81 percent. HCL Tech shares were weak by 0.27 percent. There was a weakness of 1.37 percent in Wipro. The increasing use of new AI tools is likely to impact the business of AI companies. Its effect is visible on the shares of IT companies.