Fractal Analytics gets Sebi approval for IPO
Enterprise artificial intelligence (AI) firm Fractal Analytics has secured approval from the Securities and Exchange Board of India (Sebi) for its planned initial public offering.
In Sebi’s parlance, receiving observations is equivalent to its go-ahead to proceed with a public issue.
As per the draft papers, Fractal’s IPO comprises a fresh issue of equity shares worth up to Rs 1,279.3 crore and an OFS valued at Rs 3,620.7 crore.
