Fractal Analytics, a company that provides artificial intelligence and data analytics solutions, is set to launch its much-awaited IPO next week.
It will be one of the major mainboard public issues to watch in February.
The IPO will open on February 9, and interest is already building as the company’s shares are trading at a premium in the grey market.
If you are planning to invest, here are the most important details explained in simple terms.
Important IPO Dates and Listing Schedule
The Fractal Analytics IPO will open for subscription on Monday, February 9, and close on Wednesday, February 11.
Anchor investors will get a chance to bid earlier, on February 6.
After the bidding process ends, the basis of allotment is likely to be finalized on February 12.
The company’s shares are expected to be listed on both NSE and BSE on February 16.
Issue Size, Price Band, and Lot Size
This is a book-built IPO worth ₹2,833.90 crore. It includes two parts:
A fresh issue worth ₹1,023.50 crore
An offer for sale (OFS) worth ₹1,810.40 crore by existing shareholders
The price band is set between ₹857 and ₹900 per share.
At the upper price, the company’s valuation comes close to ₹15,500 crore.
Retail investors can apply for a minimum of 16 shares, and in multiples of that.
Grey Market Premium and Listing Expectations
Interest in the IPO has increased after the price band announcement.
As per recent grey market data, Fractal Analytics shares are trading at a premium of around 11 percent.
This suggests a possible listing price near ₹1,005.
However, grey market prices are unofficial and can change depending on overall market conditions.
How the IPO Funds Will Be Used
The money raised through the fresh issue will mainly support the company’s future growth plans.
A large portion will be invested in its US subsidiary, Fractal USA, to repay or reduce existing loans.
Other planned uses include opening new offices in India, upgrading technology and laptops, increasing research and development spending, improving sales and marketing through the Fractal Alpha platform, and funding future acquisitions.
Funds raised through the OFS will go to existing shareholders and not to the company.
Who Is Selling Shares in the OFS?
Shares in the offer for sale are being sold by existing investors, including Quinag Bidco, TPG Fett Holdings, GLM Family Trust, and promoters’ family trusts.
Fractal Analytics is backed by well-known global investors such as TPG, Apax, and Gaja Capital.
About Fractal Analytics
Fractal Analytics was founded in 2000 by Srikanth Velamakanni and Pranay Agrawal.
The company helps large global businesses analyze data and use artificial intelligence to make better decisions.
Its services help improve customer experience, business efficiency, and overall performance.
Fractal serves clients across many sectors, including consumer goods, retail, banking, insurance, healthcare, life sciences, technology, media, and telecom.
