🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

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

EntrackrEntrackr · 13d 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 reduces IPO size by 42% to Rs 2,834 Cr

EntrackrEntrackr · 17d 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 · 4d 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 · 8d 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 Analytics raises $170 Mn via secondary sale

EntrackrEntrackr · 7m ago
Fractal Analytics raises $170 Mn via secondary sale
Medial

Fractal Analytics, an AI and advanced analytics solutions provider, has raised $170 million (around Rs 1,461 crore) through a secondary share sale, valuing the company at $2.44 billion. According to ET, Apax Partners exited part of its holding in Fractal by selling 6% to 22 investors, including Trust Investment Advisors and others. The proceeds will be used to fuel R&D, global GenAI expansion, and debt pre-payment. The development comes as Fractal prepares for an IPO to raise $400–$500 million at a valuation of around $3 billion. The company has appointed Morgan Stanley, Kotak Securities, and Axis Securities as its IPO bankers and is preparing to file its draft red herring prospectus (DRHP). Founded by Srikanth Velamakanni and Pranay Agrawal, Fractal has grown into a global leader in AI, machine learning, computer vision, quantum computing, and cognitive automation, with 70% of its revenue from the US. Fractal recently entered the Generative AI space with offerings like Fractal GPT, Flyfish (a digital sales advisor), and Arya (a data science agent). It also introduced Kalaido.ai, India’s first multilingual text-to-image model, launched in 2024. In March this year, Fractal invested $20 million in one of its product companies, Asper.ai, a purpose-built AI for growth platform for consumer goods and manufacturing. Fractal has raised around $855 million to date including a $360 million round, where the Srikanth Velamakanni and Pranay Agrawal-led company turned unicorn. For the fiscal year ended March 2024 (FY24), Fractal's Indian entity reported revenue of Rs 2,196 crore and a loss of Rs 54.7 crore. It currently has over 5,000 employees across 18 global locations, including the USA, Canada, UK, Netherlands, Ukraine, India, Singapore, South Africa, UAE, and Australia.

Download the medial app to read full posts, comements and news.