India, Feb. 10 -- Update | February 10, 18:04 IST

Fractal Analytics' IPO saw a marginal improvement in demand by the end of the second day of bidding and was subscribed 20%. It received bids for 36.4 Lakh shares against a total issue size of nearly 1.86 Cr shares.

The qualified institutional buyers' (QIBs) category continued to see muted demand and was subscribed 2%. These investors placed bids for 2.4 Lakh shares against 97.1 Lakh shares on offer, largely driven by foreign institutional investors.

The non-institutional investors' (NII) segment saw better traction and was subscribed 27%. Bids above Rs.10 Lakh led the category with 29% subscription, while bids between Rs.2 lakh and Rs.10 Lakh were subscribed 23% times.

Retail investors...