India, Feb. 11 -- Fractal Analytics' IPO picked up pace during the third bidding day, with the issue subscribing 1.84X. As of 14:27 IST, investors have cumulatively placed bids for 3.41 Cr shares against a total size of 1.86 Cr shares on offer till now.

The momentum in demand today was driven by qualified institutional buyers (QIBs), who have placed bids for 2.82 Cr shares against 97.1 Lakh reserved for them. This reflects a 2.9X oversubscription of their quota.

However, other investors are yet to completely subscribe to their quotas. Non institutional investors (NIIs) have subscribed to 60% of their allocated shares portion, placing bids for 29.54 Lakh shares against 48.5 Lakh shares reserved for them.

Meanwhile, retail individual inv...