Fractal Analytics and Aye Finance List at a Discount: Why “Zero GMP” and the IT Rout Crushed Listing Gains
Synopsis: Fractal Analytics (NSE: FRACTAL) made a disappointing stock market debut on February 16, 2026, listing at ₹876—a 2.67% discount to its ₹900 issue price. Simultaneously, MSME-lender Aye Finance (NSE: AYEF) saw a flat listing at ₹129. The muted performance was triggered by a “Zero GMP” signal in the grey market and a massive ₹1.3 […]












