SEBI Link: https://www.sebi.gov.in/filings/processing-status/nov-2025/processing-status-issues_96940.html
Globally well recognized enterprise AI company, Fractal Analytics has received approval from the Securities and Exchange Board of India (SEBI) for its proposed IPO.
The Initial Public Offering (“IPO”) comprises a fresh issue of equity shares aggregating up to ₹ 12,793 million (the “Fresh Issue”) and an Offer for Sale of equity shares aggregating up to ₹ 36,207 million (the “Offer for Sale”, and together with the Fresh Issue, the “Offer”).
The Offer for Sale of face value of ₹1 each comprises, equity shares aggregating up to ₹ 14,626 million by Quinag Bidco Ltd; equity shares aggregating up to ₹ 19,996 million by TPG Fett Holdings Pte. Ltd; equity shares aggregating up to ₹ 295 million by Satya Kumari Remala and Rao Venkateswara Remala; and equity shares aggregating up to ₹ 1,290 million by GLM Family Trust (collectively, the “Selling Shareholders”).
Fractal Analytics proposes to utilize the net proceeds from the Offer towards investment in one of the company’s subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings; purchase of laptops; setting-up new office premises in India; investment in research and development; and sales and marketing under Fractal Alpha; and funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Founded in 2000, Fractal has been cofounded by Srikanth Velamakanni and Pranay Agrawal, it supports large global enterprises across multiple industry verticals and business functions with data-driven insights and assists in decision-making through end-to-end AI solutions.
Backed by marquee investors like TPG, Apax, Gaja, the countries leading pureplay data and artificial intelligent company has a domain expertise spanning across consumer packaged goods & retail; technology, media and telecom; healthcare and life sciences and banking, financial services and insurance.
As per its industry report, it is uniquely placed among other industry players with active investments in expanding its AI and Gen AI software portfolio and R&D activities. *As on 31 March, 2025 it has served majority of the magnificent companies which include Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla*.
Fractal’s revenue from operations increased by 25.9% to Rs 2765 cr in FY25 in comparison with Rs 2196 cr in FY24. Similarly Profit after tax had a positive turnaround to 22 cr in FY25 from (5.47 cr) in FY24. PAT and EBIDTA margins also saw an uptick to 12.6% from (0.2%) and 17.4% from 10.6% respectively.
*Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited and Goldman Sachs (India) Securities Private Limited are the Book Running Lead Managers to the IPO.*