Fractal Analytics files for ₹4,900 Crore IPO

Fractal Analytics has submitted its Draft Red Herring Prospectus (DRHP) to SEBI for its upcoming IPO, aiming to become India’s first listed AI company. The IPO aims to raise ₹4,900 crore, including a fresh issue of shares worth ₹1,279.3 crore and an offer for sale of ₹3,620.7 crore.

Fractal Analytics provides end-to-end AI solutions for data-driven insights and decision-making. The company serves Fortune 500 clients, including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla, across multiple industries and business functions.

Its portfolio includes brands like Qure.ai, Asper.ai, Cuddle.ai, and Analytics Vidhya, with a global presence in markets including the US, UK, Canada, and Australia.

Fractal plans to utilise the IPO proceeds to invest in its subsidiary Fractal USA, repay borrowings, purchase laptops, set up new offices in India, and fund R&D and marketing under Fractal Alpha. The funds will also support strategic acquisitions and other growth initiatives.

Kotak Mahindra Capital, Morgan Stanley, Axis Capital Limited, and Goldman Sachs are the lead managers to the IPO.