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Fractal reduces IPO size by 42% to Rs 2,834 Cr

EntrackrEntrackr · 21d ago
Fractal reduces IPO size by 42% to Rs 2,834 Cr
Medial

Fractal reduces IPO size by 42% to Rs 2,834 Cr Artificial Intelligence (AI) solutions provider Fractal Analytics has filed its red herring prospectus (RHP) with the capital markets regulator, cutting its IPO size from what it had proposed earlier in its draft papers. According to the RHP, Fractal’s public issue has been reduced by 42% to Rs 2,834 crore, from the Rs 4,900 crore IPO outlined in its draft red herring prospectus (DRHP) last year. The revised IPO will comprise a fresh issue of shares worth Rs 1,023.5 crore and an offer for sale (OFS) of Rs 1,810.4 crore by existing shareholders. Proceeds from the fresh issue will be used to fund inorganic growth, invest in subsidiaries, meet working capital requirements, and for general corporate purposes. Quinag Bidco Ltd, an investment vehicle managed by Apax Partners, will account for 48.6% of the total OFS, offloading shares worth Rs 881 crore. Meanwhile, the TPG Group and GLM Family Trust will each sell shares worth Rs 450 crore through the OFS. The company will open anchor bidding on February 6, while the IPO will open on February 9 and close on February 11. Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal supports global enterprises across consumer goods and retail, technology, media and telecom, healthcare and life sciences, and BFSI. It counts Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla as clients. As per the RHP, TPG Fett is the largest external shareholder with a 25.49% stake, followed by Quinag Bidco, owned by Apax Partners, which holds 18.64% of the company. GLM Family Trust owns 15.59% of Fractal. Axis Capital, Citigroup, Morgan Stanley, and Kotak Mahindra Capital Company are the book-running lead managers to the issue. Fractal’s shares are proposed to be listed on both the BSE and NSE. On the financial side, Fractal reported consolidated revenue of Rs 2,765 crore in FY25 from Rs 2,196 crore in FY24. Its net profit stood at Rs 220.6 crore in FY25, compared to a loss of Rs 54.7 crore in FY24. For the first half of FY26, it recorded revenue of Rs 1,559 crore and a profit of Rs 71 crore.

Fractal Analytics makes muted market debut, lists at nearly 3% discount

EntrackrEntrackr · 9d ago
Fractal Analytics makes muted market debut, lists at nearly 3% discount
Medial

Fractal Analytics makes muted market debut, lists at nearly 3% discount Artificial intelligence-focused analytics firm Fractal Analytics made a subdued debut on the stock exchanges on Monday, listing at a discount to its issue price despite strong expectations around its pure-play AI company. The company’s shares opened at Rs 876 on the National Stock Exchange, nearly 3% below the upper end of its IPO price band of Rs 900. A similar trend was visible on the Bombay Stock Exchange. The muted debut comes as its IPO had generated moderate interest during the subscription period. Its IPO booked nearly 2.66 times at the time of bid closure on the final day. According to exchange data, QIBs subscribed 4.18X, followed by Non-Institutional Investors (NIIs) at 1.06 times. The retail investor quota saw muted demand, with subscriptions reaching only 1.03X. Fractal’s public issue was reduced by 42% to Rs 2,834 crore, from the Rs 4,900 crore IPO outlined in its draft red herring prospectus (DRHP) last year. The revised IPO will comprise a fresh issue of shares worth Rs 1,023.5 crore and an offer for sale (OFS) of Rs 1,810.4 crore by existing shareholders. Proceeds from the fresh issue will be used to fund inorganic growth, invest in subsidiaries, meet working capital requirements, and for general corporate purposes. Founded in 2000, Fractal provides artificial intelligence and advanced analytics solutions to global enterprises across sectors such as consumer goods, retail, healthcare, technology and financial services. The company derives a majority of its revenue from overseas markets, particularly the US. On the financial side, Fractal reported consolidated revenue of Rs 2,765 crore in FY25 from Rs 2,196 crore in FY24. Its net profit stood at Rs 220.6 crore in FY25, compared to a loss of Rs 54.7 crore in FY24. For the first half of FY26, it recorded revenue of Rs 1,559 crore and a profit of Rs 71 crore.

Fractal IPO subscribed over 2.6X, QIB led with 4.2X bids

EntrackrEntrackr · 13d ago
Fractal IPO subscribed over 2.6X, QIB led with 4.2X bids
Medial

News All Stories Fractal IPO subscribed over 2.6X, QIB led with 4.2X bids AI solutions provider Fractal Analytics’s IPO booked nearly 2.66 times at the time of bid closure on the final day. While the overall demand doesn’t appear strong, bids from Qualified Institutional Buyers (QIBs) witnessed over 4X oversubscription. Mukul Manchanda 11 Feb 2026 17:35 IST Follow Us New Update AI solutions provider Fractal Analytics’s IPO booked nearly 2.66 times at the time of bid closure on the final day. While the overall demand doesn’t appear strong, bids from Qualified Institutional Buyers (QIBs) witnessed over 4X oversubscription. According to exchange data, QIBs subscribed 4.18X, followed by Non-Institutional Investors (NIIs) at 1.06 times. The retail investor quota saw muted demand, with subscriptions reaching only 1.03X. Importantly, employee quota saw meagre subscription at 0.6X. Fractal's initial public offering was open for subscription from February 9 and 11, with a price band of Rs 857-900 per share and a minimum investment requirement of Rs 13,712. As per the RHP, Fractal has trimmed its issue size by 42% to Rs 2,834 crore, compared to the Rs 4,900 crore IPO proposed in its draft red herring prospectus (DRHP) last year. The revised IPO will include a fresh issue of shares worth Rs 1,023.5 crore and an offer for sale (OFS) of Rs 1,810.4 crore by existing shareholders. The company plans to use the fresh issue proceeds to support inorganic growth, invest in subsidiaries, and meet working capital needs. Ahead of its IPO opening for subscription, Fractal raised Rs 1,248 crore from anchor investors. The anchor book saw participation from a mix of leading domestic mutual funds and global institutional investors, including SBI Small Cap Fund, LIC, Morgan Stanley, and Goldman Sachs. Founded in 2000, Fractal provides artificial intelligence and advanced analytics solutions to global enterprises across sectors such as consumer goods, retail, healthcare, technology and financial services. The company derives a majority of its revenue from the US. On the financial side, Fractal reported consolidated revenue of Rs 2,765 crore in FY25 from Rs 2,196 crore in FY24. Its net profit stood at Rs 220.6 crore in FY25, compared to a loss of Rs 54.7 crore in FY24. For the first half of FY26, it recorded revenue of Rs 1,559 crore and a profit of Rs 71 crore.

Fractal IPO to fetch over 5X returns for Apax Partners

EntrackrEntrackr · 20d ago
Fractal IPO to fetch over 5X returns for Apax Partners
Medial

Fractal IPO to fetch over 5X returns for Apax Partners AI solutions provider Fractal Analytics has filed its red herring prospectus (RHP) and announced a price band of Rs 857–900 per equity share for its upcoming initial public offering (IPO). At the upper end of the price band, Fractal’s valuation is expected to be around $1.6 billion. According to its RHP, Fractal has trimmed its IPO size by 42% to Rs 2,834 crore, which comprises fresh issue of shares worth Rs 1,023.5 crore and an offer for sale (OFS) of Rs 1,810.4 crore by existing shareholders. Major shareholders, including Apax Partners, TPG, and GLM Family Trust, will participate in the offer for sale (OFS) and are expected to earn healthy returns on their investments through the initial public offering, as per Entrackr analysis. Quinag Bidco Ltd, owned by Apax Partners, holds an 18.64% stake in the company as of the RHP date and will offload the largest portion of the total OFS by selling shares worth Rs 880.9 crore (around $98 million), generating a 5.2X return on its investment. TPG Capital, which is the largest shareholder in the company with a 25.49% stake, will offload shares worth Rs 450 crore ($50 million), yielding a 1.4 times return. Another major shareholder, GLM Family Trust, which owns a 15.59% stake, will also cash out Rs 450 crore through the OFS. Meanwhile, individuals Satya Kumari Remala and Rao Venkateswara Remala are set to earn Rs 29.5 crore from the IPO, with a bumper 450X return at a weighted average cost of acquisition of just Rs 2 per share. Notably, Fractal co-founders Srikanth Velamakanni and Pranay Agrawal will not participate in the OFS and together hold a 10% stake in the firm. At the upper price band of Rs 900, Srikanth Velamakanni’s 5.17% stake stands valued at Rs 790.4 crore (around $88 million), while Pranay Agrawal’s 4.83% stake valued at Rs 738 crore (about $82 million). Founded in 2000, Fractal supports global enterprises across consumer goods and retail, technology, media and telecom, healthcare and life sciences, and BFSI. It counts Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla as clients. The fresh proceeds from the IPO will be used to fund inorganic growth, invest in subsidiaries, meet working capital requirements, and for general corporate purposes. Axis Capital, Citigroup, Morgan Stanley, and Kotak Mahindra Capital Company are the book-running lead managers to the issue. On the financial front, Fractal posted consolidated revenue of Rs 2,765 crore in FY25, up from Rs 2,196 crore in FY24. The company reported a net profit of Rs 220.6 crore in FY25, reversing a loss of Rs 54.7 crore in FY24. In the first half of FY26, it recorded revenue of Rs 1,559 crore and a profit of Rs 71 crore.

Fractal raises Rs 1,248 Cr from anchor investors ahead of IPO

EntrackrEntrackr · 18d ago
Fractal raises Rs 1,248 Cr from anchor investors ahead of IPO
Medial

Fractal raises Rs 1,248 Cr from anchor investors ahead of IPO AI solutions provider Fractal Analytics has raised Rs 1,248 crore from anchor investors ahead of the opening of its initial public offering, according to a regulatory filing. The Bengaluru-based company allotted 1.38 crore equity shares to anchor investors at Rs 900 per share, which is the upper end of the IPO’s price band. The anchor book saw participation from a mix of leading domestic mutual funds and global institutional investors. SBI Small Cap Fund and Life Insurance Corporation of India emerged as among the largest domestic participants, with global institutions such as Morgan Stanley, Goldman Sachs, Amundi, Kuwait Investment Authority, and Allspring Global also taking significant positions, indicating confidence in Fractal’s long-term growth trajectory. The price band for the issue has been fixed at Rs 857–900 per share, valuing Fractal at around $1.6 billion at the upper end. The issue is scheduled to open on February 9 and close on February 11. Fractal’s public issue has been reduced by 42% to Rs 2,834 crore, from the Rs 4,900 crore IPO outlined in its draft red herring prospectus (DRHP) last year. The revised IPO will comprise a fresh issue of shares worth Rs 1,023.5 crore and an offer for sale (OFS) of Rs 1,810.4 crore by existing shareholders. Proceeds from the fresh issue will be used to fund inorganic growth, invest in subsidiaries, meet working capital requirements, and for general corporate purposes. Founded in 2000, Fractal provides artificial intelligence and advanced analytics solutions to global enterprises across sectors such as consumer goods, retail, healthcare, technology, and financial services. The company derives a majority of its revenue from overseas markets, particularly the US. On the financial side, Fractal reported consolidated revenue of Rs 2,765 crore in FY25 from Rs 2,196 crore in FY24. Its net profit stood at Rs 220.6 crore in FY25, compared to a loss of Rs 54.7 crore in FY24. For the first half of FY26, it recorded revenue of Rs 1,559 crore and a profit of Rs 71 crore.

Fractal sets Rs 857–900 IPO price band, targets $1.6 Bn valuation

EntrackrEntrackr · 21d ago
Fractal sets Rs 857–900 IPO price band, targets $1.6 Bn valuation
Medial

Fractal sets Rs 857–900 IPO price band, targets $1.6 Bn valuation AI solutions provider Fractal Analytics has set a price band of Rs 857–900 per equity share for its upcoming initial public offering (IPO), a day after filing its red herring prospectus (RHP) with the capital markets regulator. According to the RHP, the public issue will open for subscription on February 9 and close on February 11, while the anchor book is scheduled to open on February 6. At the upper end of the price band, Fractal’s valuation is expected to be around $1.6 billion. As reported earlier by Entrackr, Fractal trimmed its IPO size by 42% compared to what it had proposed in its draft red herring prospectus (DRHP). The IPO now comprises a mix of a fresh issue and an offer for sale (OFS) by existing shareholders. According to the RHP, the proceeds from the fresh issue are to be used for debt repayment, investments in technology and strategic initiatives, and general corporate purposes. Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal supports global enterprises across consumer goods and retail, technology, media and telecom, healthcare and life sciences, and BFSI. It counts Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta, and Tesla as clients. As per the RHP, TPG Fett is the largest external shareholder with a 25.49% stake, followed by Quinag Bidco, owned by Apax Partners, which holds 18.64% of the company. GLM Family Trust owns 15.59% of Fractal. Axis Capital, Citigroup, Morgan Stanley, and Kotak Mahindra Capital Company are the book-running lead managers to the issue. Fractal’s shares are proposed to be listed on both the BSE and NSE. On the financial side, Fractal reported consolidated revenue of Rs 2,765 crore in FY25 from Rs 2,196 crore in FY24. Its net profit stood at Rs 220.6 crore in FY25, compared to a loss of Rs 54.7 crore in FY24. For the first half of FY26, it recorded revenue of Rs 1,559 crore and a profit of Rs 71 crore.

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