AI solutions provider Fractal Analytics has raised Rs 1,248 crore from anchor investors ahead of the opening of its initial public offering, according to a regulatory filing.
According to disclosures, the Bengaluru-based company allotted 1.38 crore equity shares to anchor investors at Rs 900 per share, which is the upper end of the IPO’s price band. The anchor book saw participation from a mix of leading domestic mutual funds and global institutional investors.
SBI Small Cap Fund and Life Insurance Corporation of India emerged as among the largest…

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