AI solutions provider Fractal Analytics has filed its red herring prospectus (RHP) and announced a price band of Rs 857–900 per equity share for its upcoming initial public offering (IPO). At the upper end of the price band, Fractal’s valuation is expected to be around $1.6 billion.
According to its RHP, Fractal has trimmed its IPO size by 42% to Rs 2,834 crore, which comprises fresh issue of shares worth Rs 1,023.5 crore and an offer for sale (OFS) of Rs 1,810.4 crore by existing shareholders.
Major shareholders, including Apax Partners, TPG, and…

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