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Fractal Analytics makes muted market debut, lists at nearly 3% discount

EntrackrEntrackr · 4d ago
Fractal Analytics makes muted market debut, lists at nearly 3% discount
Medial

Fractal Analytics makes muted market debut, lists at nearly 3% discount Artificial intelligence-focused analytics firm Fractal Analytics made a subdued debut on the stock exchanges on Monday, listing at a discount to its issue price despite strong expectations around its pure-play AI company. The company’s shares opened at Rs 876 on the National Stock Exchange, nearly 3% below the upper end of its IPO price band of Rs 900. A similar trend was visible on the Bombay Stock Exchange. The muted debut comes as its IPO had generated moderate interest during the subscription period. Its IPO booked nearly 2.66 times at the time of bid closure on the final day. According to exchange data, QIBs subscribed 4.18X, followed by Non-Institutional Investors (NIIs) at 1.06 times. The retail investor quota saw muted demand, with subscriptions reaching only 1.03X. Fractal’s public issue was reduced by 42% to Rs 2,834 crore, from the Rs 4,900 crore IPO outlined in its draft red herring prospectus (DRHP) last year. The revised IPO will comprise a fresh issue of shares worth Rs 1,023.5 crore and an offer for sale (OFS) of Rs 1,810.4 crore by existing shareholders. Proceeds from the fresh issue will be used to fund inorganic growth, invest in subsidiaries, meet working capital requirements, and for general corporate purposes. Founded in 2000, Fractal provides artificial intelligence and advanced analytics solutions to global enterprises across sectors such as consumer goods, retail, healthcare, technology and financial services. The company derives a majority of its revenue from overseas markets, particularly the US. On the financial side, Fractal reported consolidated revenue of Rs 2,765 crore in FY25 from Rs 2,196 crore in FY24. Its net profit stood at Rs 220.6 crore in FY25, compared to a loss of Rs 54.7 crore in FY24. For the first half of FY26, it recorded revenue of Rs 1,559 crore and a profit of Rs 71 crore.

Wakefit posts Rs 421 Cr revenue and Rs 32 Cr profit in Q3 FY26

EntrackrEntrackr · 10d ago
Wakefit posts Rs 421 Cr revenue and Rs 32 Cr profit in Q3 FY26
Medial

Wakefit posts Rs 421 Cr revenue and Rs 32 Cr profit in Q3 FY26 Bengaluru-based home and sleep solutions company Wakefit has announced its financial results for Q3 FY26 after debuting on Indian stock exchanges last quarter. The firm’s revenue increased by 9% during the third quarter, while its profit stood at Rs 34 crore. The company’s revenue from operations increased to Rs 421 crore in Q3 FY26 from Rs 385 crore in the same quarter last year, according to its financial statement sourced from NSE. Founded in 2016, Wakefit operates as a direct-to-consumer (D2C) brand offering sleep and home solutions, including mattresses, pillows, furniture, and home improvement products. Other income contributed an additional Rs 11 crore, which drove its total income of Rs 432 crore for the quarter. For the nine-month period ending December 2025, the firm’s revenue increased 18% to Rs 1,145 crore from Rs 971 crore a year earlier. The company’s cost of material accounted for 49% of the total cost. This expense rose 4% to Rs 194.5 crore in Q3 FY26 from Rs 187 crore in Q3 FY25. Its employee benefit expense stood at Rs 43 crore for the quarter. Overall, the company’s total expense remained flat at Rs 397 crore in Q3 FY26 as compared to Rs 395 crore in Q3 FY25. Wakefit posted a profit of Rs 32 crore in Q3 FY26, as compared to a loss of Rs 2.4 crore in Q3 FY25. On a sequential basis, the company’s profit doubled from Rs 16 crore in Q2 FY26. Wakefit made a muted debut on the stock exchanges, with its shares listing flat to marginally below the IPO issue price at Rs 195 apiece, exactly at the upper end of the IPO price band. Meanwhile, on the Bombay Stock Exchange (BSE), the stock opened at Rs 194.10, a discount of around 0.5% to the issue price. Wakefit’s share price is currently trading at Rs 191, giving the firm a total market capitalization of Rs 6,249 crore ($689 million).

Wakefit IPO makes flat debut

EntrackrEntrackr · 2m ago
Wakefit IPO makes flat debut
Medial

Bengaluru-based home and sleep solutions company Wakefit Innovations Ltd made a muted debut on the stock exchanges on Monday, with its shares listing flat to marginally below the IPO issue price, reflecting a lukewarm investor response. On the National Stock Exchange (NSE), Wakefit shares debuted at Rs 195 apiece, exactly at the upper end of the IPO price band. Meanwhile, on the Bombay Stock Exchange (BSE), the stock opened at Rs 194.10, a discount of around 0.5% to the issue price. The company witnessed a moderate response to its IPO, which was subscribed to 2.52 times overall. Both Qualified Institutional Buyers (QIBs) and retail investors subscribed to their respective portions more than three times. According to exchange data, the retail segment led demand with a 3.17x subscription, followed by QIBs at 3.04x, while the Non-Institutional Investors (NIIs) portion was subscribed 1.05 times. The IPO was open for subscription from December 8 to December 10, with a price band of Rs 185–195 per share. The issue had a lot size of 76 shares, translating into a minimum investment of Rs 14,175. It comprised a fresh issue of Rs 377.18 crore and an offer for sale (OFS) worth Rs 911.71 crore by existing shareholders, including early investors and promoters. Ahead of the public issue, Wakefit raised nearly Rs 580 crore from anchor investors. The anchor book included institutional names such as HDFC Life Insurance, Bajaj Allianz Life, Prudential Hong Kong, and Amundi, among others, indicating institutional interest going into the IPO. Despite a reasonable subscription during the bidding period, the lack of a listing premium suggests investors remained cautious amid broader market volatility and a selective approach toward consumer internet listings. In terms of financials, Wakefit reported operating revenue of Rs 724 crore and a net profit of Rs 35.57 crore in the first half of FY26. For FY25, its operating revenue grew nearly 30% year-on-year to Rs 1,274 crore from Rs 986 crore in FY24, although the company ended the year with a net loss of Rs 35 crore. The flat listing highlights a growing trend where strong brand recall and anchor backing do not necessarily translate into listing gains in a valuation-sensitive market.

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