Fractal Analytics Plans India’s First AI-Driven IPO

Fractal Analytics is set to launch India’s first AI-focused IPO, aiming to raise Rs 4,900 crore, including Rs 1,279 crore in fresh issuance and Rs 3,620 crore via offer for sale (OFS). The funds will be used for US debt repayment and R&D, with strong ties to the Nvidia Tesla ecosystem. The IPO reflects growing demand for AI solutions, fueled by global market trends.