Fractal Analytics files DRHP targeting Rs 4,900 crore IPO

Fractal Analytics has filed its draft red herring prospectus with the Securities and Exchanges Board of India (Sebi) on August 12 with the IPO target of Rs 4,900 crore. Of this, Rs 1279.3 crore will be fresh issue of shares and offer for sale will be Rs 3620.7 crore.

The company aims to list in the NSE and BSE by December, according to sources aware of the development.

After consumer and fintech startups that are eyeing an IPO in 2025, India will see the listing of the first AI company with Fractal Analytics amid the technological shift the country is…