Mumbai: Fractal Analytics, a provider of artificial intelligence and analytics services such as Apple Inc.'s Tesla Inc., has submitted a draft IPO paper to Indian market regulators. This puts the Mumbai and New York-based companies on the path to becoming India's first listed AI company.
Fractal Analytics IPOs will see enterprise AI companies rise as well £Fresh issues with 4,900 crore stocks £Offer for sale of 1,279.3 crores and share equivalent (OFS) £3,620.7 crore by marquee investors such as TPG, Apax Capital, Gaja Capital and some angel investors.
The company is focusing on anchor placement before IPO £255.8 crores. The tentative timeline for price ranges and offerings was not available immediately. According to Bloomberg, if the IPO is successful, the company's valuation remains at $3.5 billion.
Founded in 2000 by five graduates of the Indian Management Institute of Fractal Analysis, Fractal Analysis provides AI products and services to help businesses improve operational efficiency, design new products and build sustainable supply chains. We are partnering with OpenAI to build generative AI solutions using models.
The company, which includes Citigroup, Royal Phillips NV and Nestlé SA, became Unicorn, a startup valued at over $1 billion in 2022. The three co-founders left the group's CEO Srikanth Velamakanni and Fractal CEO Pranay Agrawal in Helm. The man who owns 10% of each will not lose his shares in the Fractal Analytics IPO.
Certainly, unlike tech-driven startup peers, Fractal Analytics is a profitable company.
Revenue from the company's business increased 25.9% year-on-year. £Even if net profit jumps to 22 crores, it will be 2,765 crores in fiscal 2025. £FY24's 5.47 crore. The EBITDA margin (an important measure of a company's operational profitability) was 17.6% in 2025, compared to 10.6% in 2023.
Kotak Mahindra Capital Co. Ltd., Morgan Stanley India Co. Pvt. Ltd., Axis Capital Ltd. and Goldman Sachs (India) Securities Pvt. Ltd. is the lead manager who runs books on Fractal Analytics IPO.
