New Delhi, Feb. 16 -- Shares of Fractal Analytics made a dull debut in the Indian stock market on Monday, February 16, as they listed at a 3% discount to the IPO price of Rs.900.

Fractal Analytics share price opened at Rs.876 on the NSE and Rs.873 on the BSE. This means that the IPO allottees made a loss of 3% on the Fractal Analytics IPO listing.

The listing was in line with grey market expectations, indicating a weak debut. Ahead of the listing, the GMP of Fractal Analytics' IPO stood at Rs.-28, according to Investorgain.

By the end of the bidding period, the issue garnered a healthy response, led by strong participation from qualified institutional buyers (QIBs), whose portion was booked 4.18 times, followed by non-institutional inv...