Fractal Analytics Files DRHP For INR 4,900 Cr IPO

AI-powered SaaS unicorn Fractal Analytics has filed its DRHP with markets regulator SEBI for INR 4,900 Cr IPO. The company’s public issue will comprise a fresh of shares worth up to INR 1,279.3 Cr and an offer for sale (OFS) component of up to INR 3,620.7 Cr.

PE firms Apax Partners and TPG, GLM Family Trust, Satya Kumari Remala and Rao Venkateswara Remala will offload shares as part of the OFS.

While Apax Partners (via Quinag Bidco Ltd) will sell shares worth INR 1,462.6 Cr, TPG (via TPG Fett Holdings Pte. Ltd.) will offload shares worth INR 1,999.6 Cr. GLM Family Trust will sell shares worth INR 129 Cr, while the Remalas will offload shares to the tune of INR 29.5 Cr together.

The company plans to utilise the fresh proceeds from the IPO for the following purposes:

• INR 264.9 Cr has been earmarked for repaying or pre-paying the borrowings of its US-based subsidiary
• INR 57.1 Cr will be used to buy laptops
• INR 121.1 Cr will be set aside for setting up new office premises in India
• INR 355.1 Cr has been earmarked to fuel research and development (R&D) and boost sales and marketing initiatives.
• The remaining amount will be used to fund inorganic growth through acquisitions and for general corporate purposes

(The story will be updated soon)

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