New Delhi, Feb. 18 -- The initial public offering (IPO) of Fractal Industries, which opened for bidding on Monday, February 16, is slated to close today, February 18. The offer is witnessing a decent demand from all categories of investors. It had sailed through on the opening day itself.

The Rs.49-crore Fractal Industries IPO is entirely a fresh issue, having no offer-for-sale (OFS) component. This means all proceeds will be received by the company, which plans to use them for funding working capital needs and general corporate purposes.

Fractal Industries IPO price band has been fixed at Rs.205 to Rs.216 per share. The application size for SME IPO is in lots of 600 shares, with retail investors expected to shell out Rs.2,59,200 as the...