Investors are urgently asking what happened on listing day. The Fractal Analytics IPO debuted below its issue price, closing down 7% at ₹873.70. This muted performance reflects broader jitteriness around AI valuations in India. Despite being the country's first AI unicorn, market sentiment collided with reality. Here is everything you need to know about the listing performance and what it means for the tech sector. Credit: Google Fractal Analytics IPO Listing Price and Performance The trading day began with high anticipation but ended in sober reflection for many stakeholders. Fractal listed at ₹876 per share on Monday, which was already below its issue price of ₹900. Momentum did not improve as the session progressed, leading to further slides in afternoon trading. The stock eventually closed at ₹873.70, marking a distinct 7% drop from its original issue price. This movement lent the company a market capitalization of about ₹148.1 billion, or around $1.6 billion. Such a debut is p...
