Fractal Analytics gets SEBI approval for ₹4,900-crore IPO and offer for sale

Globally-recognised enterprise AI company Fractal Analytics on Monday (November 24) received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating up to ₹1,279.3 crore and an offer for sale (OFS) of equity shares aggregating up to ₹3,620.7 crore. The OFS includes equity shares aggregating up to ₹1,462.6 crore by Quinag Bidco Ltd, up to ₹1,999.6 crore by TPG Fett Holdings Pte. Ltd, ₹29.5 crore by Satya Kumari Remala and Rao Venkateswara Remala, and ₹129 crore by GLM Family Trust — collectively the selling shareholders.