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Fractal Analytics clears SEBI approval for India’s first AI-focused IPO

Fractal Analytics secured SEBI approval for a ₹1,279 crore fresh issue and ₹3,621 crore OFS, positioning India’s first AI-focused IPO above $3.
Fractal Analytics received SEBI approval for its IPO, which includes a ₹1,279 crore fresh issue and an offer-for-sale of up to ₹3,621 crore. The listing could value the company above $3.5 billion. Fractal provides AI and analytics solutions to global enterprises and counts technology and automotive majors among its clients. The approval adds a significant AI component to India’s upcoming IPO pipeline.