New Delhi, Feb. 11 -- The initial public offering of Fractal Analytics, a provider of AI solutions, has seen a lackluster response from investors for the second day in a row, with a subscription rate of 20% recorded on Tuesday, February 11.

The Fractal Analytics IPO subscription opened on Monday, February 9, and will close on Wednesday, February 11. Fractal Analytics IPO price band has been set between Rs.857 and Rs.900 per equity share, with a face value of Re 1. The minimum lot size for the Fractal Analytics IPO is 16 equity shares, and investors can apply for additional shares in multiples of 16 thereafter.

The public issue has allocated 75% of the shares for qualified institutional buyers (QIB), up to 15% for non-institutional inves...