IPO to Open on February 9, Anchor Book on February 6
Artificial intelligence solutions provider Fractal Analytics has fixed a price band of Rs 857 to Rs 900 per equity share for its upcoming initial public offering, valuing the company at nearly Rs 15,500 crore.The Rs 2,834 crore public issue will open for subscription on February 9 and close on February 11. The anchor investor bidding is scheduled to take place on February 6. The company is set to make its stock market debut on February 16.
IPO Size Scaled Down From Earlier Plan
Fractal has reduced the size of its IPO from the Rs 4,900 crore it had proposed earlier in its draft papers filed in August.The revised issue comprises a fresh equity issue aggregating up to Rs 1,023.5 crore and an Offer for Sale of Rs 1,810.4 crore, taking the total issue size to Rs 2,833.9 crore.
Details of Offer for Sale
Shares under the Offer for Sale will be sold by existing shareholders including Quinag Bidco Ltd, TPG Fett Holdings Pte Ltd, Satya Kumari Remala Rao, Venkateswara Remala, and GLM Family Trust.Use of IPO Proceeds
Proceeds from the fresh issue will be utilised for multiple strategic initiatives. These include investment in its subsidiary Fractal USA for prepayment or repayment of borrowings, purchase of laptops, and setting up new offices in India.The company also plans to allocate funds towards research and development, sales and marketing activities under Fractal Alpha, acquisitions and other strategic initiatives, along with general corporate purposes.
Investor Allocation Structure
As per the issue structure, 75 percent of the offer has been reserved for qualified institutional buyers, 15 percent for non institutional investors, and the remaining 10 percent for retail investors.Company Background and Business Overview
Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal supports large global enterprises with data driven insights and end to end artificial intelligence solutions. The company operates across multiple industry verticals and business functions, helping organisations improve decision making through advanced analytics and AI capabilities.Fractal has domain expertise across consumer packaged goods and retail, technology media and telecom, healthcare and life sciences, and banking financial services and insurance.
Global Clientele and Investor Backing
The company is backed by marquee investors including TPG, Apax, and Gaja. As of March 31, 2025, Fractal served several global corporations such as Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla.According to the company, it continues to invest actively in expanding its artificial intelligence and generative AI software portfolio along with research and development initiatives.
Lead Managers to the Issue
The IPO is being managed by Kotak Mahindra Capital Company, Morgan Stanley India Company, Axis Capital, and Goldman Sachs India Securities.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.