TPG, Apax-backed AI company Fractal Analytics files for Rs 4900-crore IPO
MUMBAI: Leading private equity firms TPG, Apax and Gaja-backed AI, solutions player Fractal Analytics has filed the papers for a Rs 4,900 crore primary share sale with the regulator Sebi.
The IPO comprises a fresh issue of Rs 1,279 crore and an offer for sale worth Rs 3,620 crore, the company said Wednesday in the draft papers.
The OFS comprises selling of shares (having a face value of Rs 1 each) worth up to Rs 1,362.5 crore by Quinag Bidco; up to Rs 1,999.6 crore by TPG Fett Holdings; up to Rs 29.5 crore by Satya Kumari Remala and Rao Venkateswara Remala; and up to Rs 1,29 crore by the GLM Family Trust.
