New Delhi, Feb. 16 -- The initial public offering (IPO) of Fractal Analytics, which is engaged in the garment design and manufacturing activities, kicked off for bidding on Monday, February 16, garnering a decent response from investors. Fractal Industries' IPO will remain open for bidding till February 18.

Fractal Industries IPO price band has been fixed at Rs.205 to Rs.216 apiece. The book-built issue is entirely a fresh share sale of 0.23 crore shares, worth Rs.49 crore.

Investors can apply for the SME IPO in lots of 1200 shares, with a minimum investment of Rs.2,59,200 needed by a retailer.

IPO proceeds will be used by the company for funding working capital needs and general corporate purposes.

Fractal Industries IPO allotment is...