Fractal Analytics logo | Photo Credit: Dado Ruvic
Enterprise AI solutions unicorn Fractal Analytics reduced its Initial Public Offering (IPO) size by 42 per cent to ₹2,833.9 crore on February 2, according to the prospectus filed with SEBI.
Fractal detailed fresh issue size of ₹1,023.5 crore and an offer for sale of ₹1,810.4 crore. Quinag Bidco Ltd managed by Apax Partners will sell shares worth ₹880.9 crore while TPG Fett Holdings and GLM Family Trust will each sell shares worth ₹450 crore through the offer for sale.
The IPO offer opens on February 9 and closes on February 11. Anchor bidding will open on February 6.
Earlier it had filed for an IPO size of ₹4,900 crore.
According to Kranthi Bathini, Director, Equity Strategy, WealthMills Securities, the reduced size may indicate good market conditions as companies typically decrease equity dilution when market momentum is good which typically brings down IPO size. Bathini noted there is currently a lot of craze for AI in the ecosystem.
Meanwhile, businessline reached out to Fractal for a comment but the company refrained from commenting.
Fractal’s IPO in November had made quite a buzz as one of the largest public issues in India’s AI solutions space.The company is selected by the Indian government to build India’s first large reasoning model under the India AI Mission.
Published on February 3, 2026