Fractal Analytics, a leading artificial intelligence and analytics company, is planning an initial public offering of up to ₹49 billion in January. Backed by global private equity firms, the IPO follows SEBI approval and could become India’s first major pure play AI public listing.
Fractal Analytics Ltd, one of India’s most prominent artificial intelligence and advanced analytics firms, is preparing to launch a major initial public offering (IPO) worth up to ₹49 billion (₹4,900 crore) in January. The company has already received regulatory clearance from the Securities and Exchange Board of India (SEBI), paving the way for one of the most anticipated technology listings in the Indian capital markets.
The IPO is expected to include a combination of a fresh issue of shares and an offer for sale by existing investors. Fractal Analytics is backed by well known global private equity firms, and the public issue is seen as a significant milestone for India’s growing AI and data science ecosystem.
The funds raised are likely to be used for strengthening research and development, expanding global operations, repaying certain borrowings, and supporting long-term growth initiatives. Market participants believe the issue will test investor appetite for high-growth AI-led businesses in the public markets.
Key Highlights
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IPO size of up to ₹49 billion
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Launch expected in January after SEBI approval
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Mix of fresh issue and offer for sale
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Backed by global private equity investors
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Focus on AI, data analytics, and enterprise solutions
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Potential first major pure-play AI IPO in India
Sources: LiveMint, Analytics India Magazine, Investing.com