The Initial Public Offering of the TPG, APAX, GAJA BACKED END TO END AI SOLUTIONS COMPANY comprises a fresh issue of equity shares aggregating up to Rs12,793 million and an Offer for Sale of equity shares aggregating up to Rs 36,207 million
FinTech BizNews Service
Mumbai, August 13, 2025: Globally well recognized enterprise AI company, Fractal Analytics has filed its Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”).
The Initial Public Offering (“IPO”) of the TPG, APAX, GAJA BACKED END TO END AI SOLUTIONS COMPANY, comprises a fresh issue of equity shares aggregating up to Rs 12,793 million (the “Fresh Issue”) and an Offer for Sale of equity shares aggregating up to Rs 36,207 million (the “Offer for Sale”, and together with the Fresh Issue, the “Offer”).
The Offer for Sale of face value of Rs1 each comprises, equity shares aggregating up to Rs 14,626 million by Quinag Bidco Ltd; equity shares aggregating up to Rs 19,996 million by TPG Fett Holdings Pte. Ltd; equity shares aggregating up to Rs 295 million by Satya Kumari Remala and Rao Venkateswara Remala; and equity shares aggregating up to Rs 1,290 million by GLM Family Trust (collectively, the “Selling Shareholders”).
The Offer is being made through the book building process, in compliance with Regulation 6(2) where 75% of the Net Offer shall be available to QIBs, 15% to Non Institutional Investors and 10% to Retail Individual Investors. It also includes a reservation for subscription by eligible employees (“Employee Reservation Portion”), not exceeding 5% of the Company’s post-offer paid-up equity share capital.
The Company, in consultation with the BRLMs, may consider a pre-IPO placement aggregating up to Rs2,558 million, as may be permitted under the applicable law, at its discretion, prior to filing of the Red Herring Prospectus with the RoC. The pre-IPO placement, if undertaken, will be at a price to be decided by our Company, in consultation with the BRLMs.
Fractal Analytics proposes to utilize the net proceeds from the Offer towards investment in one of the company’s subsidiaries, Fractal USA, for pre-payment and/ or scheduled repayment, in full or in part, of its borrowings; purchase of laptops; setting-up new office premises in India; investment in research and development; and sales and marketing under Fractal Alpha; and funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Founded in 2000, Fractal has been cofounded by Srikanth Velamakanni and Pranay Agrawal, it supports large global enterprises across multiple industry verticals and business functions with data-driven insights and assists in decision-making through end-to-end AI solutions.
Backed by marquee investors like TPG, Apax, Gaja, the countries leading pureplay data and artificial intelligent company has a domain expertise spanning across consumer packaged goods & retail; technology, media and telecom; healthcare and life sciences and banking, financial services and insurance.
As per its industry report, it is uniquely placed among other industry players with active investments in expanding its AI and Gen AI software portfolio and R&D activities. *As on 31 March, 2025 it has served majority of the magnificent companies which include Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla*.
Fractal’s revenue from operations increased by 25.9% to Rs 2765 cr in FY25 in comparison with Rs 2196 cr in FY24. Similarly Profit after tax had a positive turnaround to 220 cr in FY25 from (54.7 cr) in FY24. PAT and EBIDTA margins also saw an uptick to 12.6% from (0.2%) and 17.4% from 10.6% respectively.
