India, Feb. 6 -- AI company Fractal Analytics raised Rs.1,248.3 Cr from anchor investors today before its IPO opens for subscription on Monday (February 9). The company allotted 1.39 Cr shares to anchor investors at INR 900 apiece, the upper end of its IPO price band of Rs.857-Rs.900.

Of this, 11 domestic mutual funds, including SBI, Motilal Oswal, UTI, Trust Mutual Fund, among others, lapped up 52.78 Lakh equity shares, translating to 38% of the anchor round.

Five life insurance companies also participated in the anchor round, including LIC, SBI Life Insurance, HDFC Life Insurance, Bharti Axa and Edelweiss Life Insurance. They bought 27.88 Lakh (20.1% of the round) shares.

Besides, investors like Morgan Stanley, Kuwait Investment Auth...