Fractal Analytics IPO: Founders to make 14x returns
Fractal Analytics is hitting the stock market with an IPO priced at ₹857-900 per share, putting its value at ₹15,474cr. The total issue size is ₹2,834cr—down 42% from earlier plans.
Founders and major investors are set for huge returns, with CEO Srikanth Velamakanni's stake jumping from ₹48cr to ₹666cr, and co-founder Pranay Agrawal's from ₹75cr to ₹731cr.
Financials and business of Fractal
Fractal is described as India's first pure-play AI unicorn. They help over 100 Fortune 500 companies make sense of their data using AI-powered tools like their Cogentiq platform and Qure.ai.
Financial figures for FY2025 (Apr 1, 2024-Mar 31, 2025) — including revenue, profit, and any prior-year losses — are not provided in the source; verify or cite a source before keeping these numbers.
Use of funds and IPO timeline
The funds raised will pay off some US debt, buy new laptops, open offices in India, and boost R&D plus marketing for their AI products.
The IPO opens February 9 and closes February 11; trading start date not specified in the source.