Fractal Analytics IPO sets price band at ₹857 to ₹900 per share; check lot size, key dates and more

Fractal Analytics IPO: Artificial intelligence (AI) solutions provider Fractal Analytics has set a price band of ₹857 to ₹900 per share for its initial public offering. The issue will be live from February 9 to February 11. The bidding for anchor investors will occur on February 6.

The ₹2,833.90 crore initial share sale is a mix of fresh issuance of shares totalling ₹1,023.5 crore and an offer for sale (OFS) of shares aggregating to ₹1,810.40 crore.

Under the OFS, Quinag Bidco Ltd, Satya Kumari Remala Rao, Venkateswara Remala, TPG Fett Holdings Pte Ltd, and GLM Family Trust will offload their stake.

The company intends to use fresh issue proceeds to invest in its unit Fractal USA for repayment of its borrowings, set up new offices in India, buy laptops, support sales and marketing under Fractal Alpha, invest in research and development, fund acquisitions and other strategic initiatives and corporate general purposes.

Fractal Analytics IPO: Lot size

A lot consists of 16 shares and multiples thereof. The company has set aside 75% of the net offer for qualified institutional buyers (QIBs), 10% for retail investors and 15% for non-institutional investors (NIIs).

Fractal Analytics IPO: Allotment and listing date

• Subscription period: February 9 to February 11
• Finalisation of basis of allotment: February 12
• Initiation of refunds: February 13
• Credit of equity shares: February 13
• Listing on NSE and BSE: February 16

The company is a leading pure-play data and AI company and has domain expertise spanning across healthcare and life sciences, consumer packaged goods & retail, technology, media and telecom, and banking, financial services and insurance (BFSI). It has served global companies, including Microsoft, Nvidia, Alphabet, Apple, Amazon, Tesla and Meta.