Fractal Analytics has downsized its IPO to Rs 2,834 crore from the initially planned Rs 4,900 crore. The IPO opens for subscription on February 9. This move aims to support the company's expansion, debt repayment, and R&D. Kotak Mahindra and others are managing the public issue.

Fractal Analytics Reduces IPO Size Ahead of Launch

Fractal Analytics Lowers IPO Size to Rs 2,834 Crore

Fractal Analytics, a leading firm in the AI sector, has revised its Initial Public Offering (IPO) from the initial Rs 4,900 crore to Rs 2,834 crore. The company, renowned for its data-driven insights and AI solutions, is set to launch its maiden public issue next week.

Key Details of Fractal Analytics IPO

IPO Subscription Dates: February 9 - February 11
Anchor Investor Bidding Date: February 6
IPO Comprised of: Fresh Issue of equity shares worth up to Rs 1,023.5 crore and Offer for Sale (OFS) valued at Rs 1,810.4 crore