AI powerhouse, Fractal Analytics, is preparing to launch an initial public offering (IPO) in November, says a Bloomberg report. The company plans to raise Rs 4,900 crore through its IPO.
The report states that Fractal Analytics is seeking a valuation of about $3 billion. The company management has started to meet the potential investors. The reports add that deliberations are at the early stages and the company valuation and IPO timing could change in over the course of time.
Fractal Analytics IPO size
In the proposed IPO, Fractal Analytics is looking to raise Rs 1,280 crore via a fresh offer, and the company’s existing investors could offload shares worth Rs 3,620 crore in the offer for sale. The company’s existing investors include TPG Inc. and Apex Partners.
Fractal joins the growing wave of Indian companies which are looking to go public, following two IPOs this month that raised more than $1 billion each.
Total proceeds from new IPOs in India reached nearly $16 billion in 2025, with expectations growing that the year could exceed 2024’s record of $21 billion.
As per Bloomberg, Axis Bank, Goldman Sachs, Kotak Mahindra Capital and Morgan Stanley are advising on the share sale.
Fractal Analytics’ top management
Founded in 2000, Fractal achieved unicorn status in 2022. Of the five original founders, only Group CEO Srikanth Velamakanni and CEO Pranay Agrawal remain with the company. Both executives hold stakes of roughly 10 per cent and aren’t selling shares in the IPO, the Bloomberg report added.