Fractal Analytics files DRHP targeting Rs 4,900 crore IPO

Fractal Analytics has filed its draft red herring prospectus with Sebi for a Rs 4,900 crore IPO, targeting a December listing on NSE and BSE. As India’s first AI firm to go public, it reported Rs 2,765.4 crore revenue in FY25. Major shareholders Apax and TPG will offload shares worth Rs 3,461 crore.