India, Feb. 9 -- AI and data analytics company Fractal Analytics' IPO kicked off to a lukewarm investor response on Monday (February 9).

As of 13:27 IST, the issue received bids for 11.19 Lakh shares against 1.85 Cr, translating to a mere 6% subscription.

Retail individual investors (RIIs) have placed the highest number of bids till now, bidding for 8.08 Lakh shares against 32.36 Lakh shares on offer. These investors have subscribed their quota by 25%.

Non institutional investors' (NIIs) category received just 5% subscription, receiving bids for 2.37 Lakh shares against 48.55 Lakh shares earmarked for these investors.

Fractal's employees have placed bids for 77,280 shares against 7.77 Lakh shares reserved for them, translating to 10% ...