New Delhi, Feb. 11 -- The initial public offering (IPO) of AI firm Fractal Analytics sailed through on the final day of the bidding process on Wednesday, February 11, following strong buying action from the qualified institutional buyers (QIBs).

The offer opened for bidding on Monday, February 9, and was booked 20% as of the second day.

As of the third day, Fractal Analytics IPO was subscribed 2.66 times, with the QIB segment booked the most at 4.18 times. The non-institutional and retail quotas just managed to scrape through with 1.06 times and 1.03 times bids, respectively. The employee portion was subscribed 0.61 times.

According to data from BSE, Fractal Analytics IPO received bids for 4,94,79,856 shares as against 1,85,79,360 shar...