Fractal Analytics Files DRHP For INR 4,900 Cr IPO

Fractal’s IPO will comprise a fresh issue of shares worth up to INR 1,279.3 Cr and an offer-for-sale (OFS) component of up to INR 3,620.7 Cr

Apax Partners, TPG, GLM Family Trust, Satya Kumari Remala and Rao Venkateswara Remala will offload shares via the OFS

The IPO proceeds will be utilised to clear borrowings of its US-based subsidiary, set up a new office in India, fuel R&D, and boost sales and marketing initiatives

AI-powered SaaS unicorn Fractal Analytics has…