Fractal Analytics Ltd IPO
Status: Closed
Overview
IPO date
09 Feb 2026 to 11 Feb 2026
Face value
₹ 0 per share
Price
₹ 857 to ₹900 per share
Issue Size
31,523,948 shares
(aggregating up to ₹ 2833.9 Cr)
(aggregating up to ₹ 2833.9 Cr)
Allotment Date
12 Feb 2026
Listing at
NSE
Issue type
Book Building
Sector
IT - Software
Objectives of Fractal Analytics Ltd IPO
Fractal Analytics Ltd IPO Strategy
About Fractal Analytics Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of Fractal Analytics Ltd
Know the pros & cons
Strengths
Leading Player in a large and growing AI market.- Long-standing and growing relationships with marquee, global clients contributing to a diversified
revenue base.
- Deep and integrated technical, domain, and functional expertise.
- Track record of inventing and investing to benefit clients.
- Experienced founders-led management team focused on building Fractal for the long term.
Risks
- Security breaches, cyber-attacks, computer viruses and hacking activities may cause material adverse
effects on the company's business, financial performance and results of operations and expose the company to liability, which
could adversely affect its business and our reputation.
- The company's success depends on its ability to attract, retain and expand relationships with the company's clients.The company
derived 54.2% of its revenue from operations in the company's Fractal.ai segment from our top-10 clients, of
which one client contributed 8.2% of its revenue, in the six months ended September 30, 2025. The company also
derived 79.6% of its revenue from operations in the company's Fractal.ai segment from its existing "Must Win
Clients" ("MWC") in the six months ended September 30, 2025. If the company cannot maintain and expand its
relationships with the company's existing client base or add new clients, the company's business, financial condition, cash
flows and results of operations may be adversely affected.
- The company's focus industries - consumer packaged goods and retail ("CPGR"), technology, media and telecom
("TMT"), healthcare and life sciences ("HLS"), and banking, financial services and insurance
("BFSI") contributed 37.5%, 27.2%, 17.0%, and 12.2%, respectively in the six months ended September
30, 2025 to the company's revenue from operations in the Fractal.ai segment. Any decrease in demand for AI
solutions in these industries could adversely affect its business, financial condition and results of
operations.
- The company had a net loss in Fiscal 2024 and losses before exceptional items and tax expense in Fiscals 2024
and 2023. There is no assurance that the company will not incur losses in the future as the company expands the company's operations.
- The Company, Subsidiaries, and two of our Directors are involved in certain legal proceedings. Any
adverse decision in such proceedings may render the company/them liable to liabilities/penalties and may adversely
affect its business, cash flows and reputation.
- The company derived 64.9%, 64.1%, 65.2%, 61.9% and 66.0% of its revenue from operations from the United
States of America for the six months ended September 30, 2025, six months ended September 30, 2024,
Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. The company's global operations involve challenges and
risks that could increase its expenses, adversely affect the company's results of operations and require increased
time and attention from its management.
- The company's business depends on the quality and successful implementation of its AI solutions. Delays or
failures in meeting contractual timelines or the expectation of the company's clients may result in cost overrun, loss
of business and disputes which in turn could adversely impact its business, financial condition and
results of operations.
- The company has incurred negative cash flows in the past. There is no assurance that the company will not incur losses in
the future as the company expands the company's operations.
- The company may be adversely affected by the evolving laws and regulations governing its business and the
introduction of any new applicable laws and regulations in the jurisdictions the company operates in. Failures to
comply with the existing, and changes to, laws and regulations applicable to the company's business could subject
the Company to enforcement actions and penalties and otherwise harm our business.
- The company's Statutory Auditor has noted certain observations in auditor's report under "Report on Other Legal
and Regulatory Requirements" and in their reporting under the Companies (Auditor's Report) Order,
2020.
- The company's success depends on its ability to adapt to changes in client or market preferences and to adopt new
technologies. The company's failures to do so could adversely affect its business and results of operations.
- The development and use of AI, including Gen AI, requires the company to retain skilled talent. If the company fails to attract,
retain, train and optimally utilize these professionals, or if there is an increase in employee costs, the company's
business may be unable to grow and its results of operations and profitability could decline.
- Internal or external fraud or misconduct by the company's employees or consultants could adversely affect its
reputation and the company's results of operations.
- The company's cash flows and results of operations may be adversely affected if the company is unable to collect on billed
and unbilled receivables from clients and the company may not be able to recognize revenues, which may cause
the company's margins to fluctuate.
- One of its Promoters, Rupa Krishnan Agrawal, does not possess adequate experience in the industry
in which the company operates.
- The company is required to comply with certain restrictive covenants under its financing agreements. Any noncompliance
under these agreements may lead to, amongst others, accelerated repayment schedules and
suspension of further drawdowns, which may adversely affect the company's business, results of operations,
financial condition and cash flows.
- The company intend to utilize a portion of the Net Proceeds for funding its capital expenditure requirements for
purchase of laptops for which the company has not entered into any definitive agreement and there may be delay
in placement of such orders.
- There have been certain instances of delays in the payment of statutory dues by the Company and
Subsidiaries in the past. Any delay in payment of statutory dues by the company in future, may result in the
imposition of penalties and in turn may have an adverse effect on the Company's business, financial
condition, results of operation and cash flows.
- The company intend to utilize a portion of the Net Proceeds for setting up new office premises in India for which
the company has not entered into any definitive arrangements and there may be delay in deployment of the Net
Proceeds.
- The company has certain contingent liabilities in our Restated Consolidated Financial Information, which may
adversely affect its financial condition if they materialize.
- The company has included certain operational metrics and non-GAAP measures related to its operations and
financial performance. These operational metrics and non-GAAP measures may not be comparable
with financial or operational information of similar nomenclature computed and presented by other
companies.
- The company's business is subject to evolving laws regarding AI, privacy, data protection and other related matters.
Many of these laws are subject to change and could result in claims, changes to its business practices,
monetary penalties, increased cost of operations, which may harm the company's business.
- The company's pricing structures may not accurately anticipate the cost, complexity and duration of its work,
which could consequently impact the company's profitability.
- Exchange rate fluctuations may adversely affect the company's results of operations as a significant portion of its
revenues are denominated in foreign currencies and may adversely affect the value of the company's Equity
Shares.
- The company faces ethical and reputational risks associated with the use of our AI (including Gen AI) technology
and algorithms, and instances of negative publicity can affect its business, financial condition, results
of operations and cash flows.
- The company may not be able to prevent unauthorized use of its proprietary tools and other information and the company's
intellectual property rights may not be adequate to protect its business and competitive position. The company
may also be subject to claims by third parties, which are extremely costly to defend, could require the company to
pay damages and could limit its ability to use certain technologies, thereby adversely impacting the company's
results of operations and profitability.
- The company depends on the effectiveness of its marketing efforts to enhance sales of the company's AI solutions. Any failures
in the company's marketing efforts could adversely impact its business and financial condition. Further, the company's
business depends on a strong brand and corporate reputation and if the company is not able to maintain and
enhance its brand, the company's ability to grow its business and our results of operations and financial
condition may be adversely affected.
- The company faces intense competition in the company's markets, and the company may lack sufficient financial or other resources to
maintain or improve the company's competitive position and may experience reduced operating margins and loss
of market share.
- If the company faces immigration or work permit restrictions in any country where the company has operations, then he company's
business, financial condition, results of operations and prospects may be adversely affected.
- The company may fails to identify or successfully acquire target businesses and he company's acquisitions could prove
difficult to integrate which could disrupt its business and strain he company's resources.
- Artificial general intelligence may disrupt the market and adversely affect the company's business model and ability
to compete.
- The company's ability to implement AI solutions depends in part on its ability to operate with third-party services
and any failures to do so could adversely impact its operations.
- The company depends on computing infrastructure operated by third parties to support some of its clients and any
errors, disruption, performance problems, or failures in their or he company's operational infrastructure could
adversely affect its business, financial condition, and results of operations.
- If open source software programmers, many of whom the company does not employ, or he company's own internal
programmers do not continue to develop and enhance open source technologies, the company may be unable to
develop new technologies, adequately enhance its existing technologies or meet client requirements for
innovation, quality and price, thereby adversely affecting he company's business, results of operations and
financial condition.
- Failures to obtain or renew the company's statutory and regulatory licenses, approvals, consents, registrations and
permissions to carry out its operations in a timely manner, or at all, may adversely affect he company's business,
financial condition, cash flows and results of operations.
- There have been inadvertent inaccuracies in certain of he company's regulatory filings and the company has either lost or
been unable to locate certain of its historical regulatory filings and corporate records. The company cannot
assure you that no legal or regulatory actions will be initiated against the company in the future in relation to any
such discrepancies/ inconsistencies.
- Any failures to offer quality maintenance and support services for the company's clients may harm its relationships
with he company's clients and, consequently, he company's business.
- One of its Promoters, and also he company's Whole-time Director and group chief executive and executive vicechairman,
Srikanth Velamakanni, had pledged some of his Equity Shares in favor of 360 ONE Prime
Limited. In the event that any encumbrance is enforced, it may dilute the shareholding of its Promoter,
which could adversely affect the company's business and reputation. Additionally, post Offer, the company's Promoters will
hold less than 20% of the post-Offer Equity Share capital of the Company and the shortfall of the
minimum promoter contribution will be met by GLM Family Trust, one of he company's Shareholders.
- Certain of its Promoters, he company's Directors, Key Managerial Personnel, and members of its Senior
Management have interests in the Company in addition to their remuneration and reimbursement of
expenses which may lead them to make decisions that is in their best individual interest which may not
always be in the best interest of the Company.
- Certain Directors of the Company may be associated with ventures which may be engaged in
overlapping line of business that are an alternative to he company's AI solutions. Any conflict of interest which
may occur between our business and the activities undertaken by such companies, could adversely affect
its business, prospects, results of operations and financial condition.
- The has entered into, and will continue to enter into, related party transactions that may potentially
involve conflicts of interest and may be subject to additional approvals and compliances under
applicable law.
- The company may not be able to obtain financing on favorable terms or at all, and any failures to raise needed
funds may impact its iquidity, business, cash flows, financial condition and results of operations.
- Certain of its Subsidiaries have incurred losses in the six months ended September 30, 2024, and in
the last three Fiscals. If they continue to incur losses, the company may be required to continue providing financial
support to them which may adversely affect the company's consolidated cash flows, results of operations and
financial condition. The company cannot assure you that its investments will enhance their profitability or yield
intended results.
- The company relies primarily on third-party insurance policies to insure its operations-related risks. If the company's
insurance coverage is insufficient for the needs of its business or the company's insurance providers are unable
to meet their obligations, the company may not be able to mitigate the risks facing its business, which could
adversely affect the company's business, financial condition and results of operations.
- The Company will not receive the entire proceeds from the Offer. Some of our Shareholders are selling
Equity Shares in the Offer and will receive proceeds as part of the Offer for Sale.
- After the completion of the Offer, certain of its existing and future Shareholders may be able to exert
significant influence over the Company which may limit your ability to influence the outcome of matters
submitted for approval of its Shareholders.
- The company is potentially subject to anti-corruption, anti-bribery, anti-money laundering, financial and
economic sanctions and similar laws, and non-compliance with such laws can subject the company to
administrative, civil and criminal fines and penalties, all of which could adversely affect its business,
prospects, financial condition, results of operations, and cash flows.
- The Company has issued securities during the preceding one year at a price that may be below the Offer
Price.
- Certain sections of this Red Herring Prospectus contain information from the Everest Report which has
been commissioned and paid for by the company and any reliance on such information for making an investment
decision in this offering is subject to inherent risks.
- The valuation reports obtained for acquisitions or divestments of business/undertakings, mergers,
amalgamations, any revaluations of assets, etc. in the last 10 years are based on various assumptions
and may not be indicative of the true value of the subject matter to which they relate.
- If the company is unable to establish and maintain effective internal controls and compliance systems, the company
business and reputation could be adversely affected.
- The company's offices, including our Registered Office are located on leased premises or in co-working spaces. If
these leases are terminated or not renewed on terms acceptable to the company, it could have a material adverse
effect on its business, financial condition and results of operations.
- If the Company is classified as a passive foreign investment company for U.S. federal income tax
purposes, U.S. investors in the Offered Shares may be subject to adverse U.S. federal income tax
consequences.
- U.S. persons who hold 10% or more of the total voting power or value of the Company may be subject
to U.S. federal income taxation on its undistributed earnings.
How to check the allotment status of Fractal Analytics Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 09 Feb 2026 & closes on 11 Feb 2026.
Fractal Analytics Limited was originally incorporated as Fractal Communications Limited' in Mumbai, Maharashtra as a public Company dated March 28, 2000, issued by the RoC and commenced its business pursuant to a Certificate of Commencement of Business dated April 6, 2000. The name of Company was changed to Fractal Technologies Limited' by the RoC on March 28, 2001. The name of Company was subsequently changed to Fractal Analytics Limited' and it received a fresh certificate of incorporation from the RoC on May 7, 2004. Subsequently, the name of the Company was changed to Fractal Analytics Limited' and the Registrar of Companies, Central Processing Centre issued a fresh Certificate of Incorporation on May 16, 2024.
Founded in 2000 by Promoters- Srikanth Velamakanni and Pranay Agrawal, Fractal Analytics are a globally recognized enterprise AI company to power human decisions in the clients' enterprises by leveraging AI. Company support large global enterprises with data driven insights and assist them in their decision making through end-to-end AI solutions, which it build by launching technical, domain and functional capabilities. Full suite of AI solutions is organized under two segments: Fractal.ai (comprising AI services and AI products primarily hosted on Cogentiq) and Fractal Alpha (comprising AI businesses).
The key areas of business has helped the clients to understand, predict and shape their customer behavior. The Company launched Gen AI to develop a contact strategy and customer intelligence system for a global asset manager, through which the client's independent advisors provide relevant investment recommendations to its customers. It developed a Gen AI powered call auditing, summarizing, escalation identification and sentiment monitoring engine for a US healthcare payer to reduce manual call auditing as well as better understand and improve call quality.
Apart from these, Company assisted a leading global consumer goods company in launching a new antiperspirant by providing data-driven insights. It created a Gen AI powered product concept generator for a global consumer health and personal care company to identify opportunities and pain points for customers based on consumer reviews and social media trends.
Company is planning to raise funds from public through initial public offer of Rs 4900 Cr equity shares having the face value of Re 1 per share, comprising a fresh issue of Rs 1280 Cr equity shares and Rs 3620 Cr equity shares via offer for sale.
Fractal Analytics Ltd IPO will close on 11 Feb 2026.
- Leading Player in a large and growing AI market.
- Long-standing and growing relationships with marquee, global clients contributing to a diversified revenue base.
- Deep and integrated technical, domain, and functional expertise.
- Track record of inventing and investing to benefit clients.
- Experienced founders-led management team focused on building Fractal for the long term.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Srikanth Velamakanni | 8782180 | 5.17 | 8782180 | 4.57 |
| 2 | Pranay Agrawal | 8199050 | 4.83 | 8199050 | 4.27 |
| 3 | Chetana Kumar | 6567155 | 3.87 | 6567155 | 3.42 |
| 4 | Narendra Kumar Agrawal | 5962180 | 3.51 | 5962180 | 3.1 |
| 5 | Rupa Krishnan Agrawal | 828910 | 0.49 | 828910 | 0.43 |
| 6 | AGI Trust | 250000 | 0.15 | 250000 | 0.13 |
| 7 | ASI Trust | 250000 | 0.15 | 250000 | 0.13 |
- Security breaches, cyber-attacks, computer viruses and hacking activities may cause material adverse effects on the company's business, financial performance and results of operations and expose the company to liability, which could adversely affect its business and our reputation.
- The company's success depends on its ability to attract, retain and expand relationships with the company's clients.The company derived 54.2% of its revenue from operations in the company's Fractal.ai segment from our top-10 clients, of which one client contributed 8.2% of its revenue, in the six months ended September 30, 2025. The company also derived 79.6% of its revenue from operations in the company's Fractal.ai segment from its existing "Must Win Clients" ("MWC") in the six months ended September 30, 2025. If the company cannot maintain and expand its relationships with the company's existing client base or add new clients, the company's business, financial condition, cash flows and results of operations may be adversely affected.
- The company's focus industries - consumer packaged goods and retail ("CPGR"), technology, media and telecom ("TMT"), healthcare and life sciences ("HLS"), and banking, financial services and insurance ("BFSI") contributed 37.5%, 27.2%, 17.0%, and 12.2%, respectively in the six months ended September 30, 2025 to the company's revenue from operations in the Fractal.ai segment. Any decrease in demand for AI solutions in these industries could adversely affect its business, financial condition and results of operations.
- The company had a net loss in Fiscal 2024 and losses before exceptional items and tax expense in Fiscals 2024 and 2023. There is no assurance that the company will not incur losses in the future as the company expands the company's operations.
- The Company, Subsidiaries, and two of our Directors are involved in certain legal proceedings. Any adverse decision in such proceedings may render the company/them liable to liabilities/penalties and may adversely affect its business, cash flows and reputation.
- The company derived 64.9%, 64.1%, 65.2%, 61.9% and 66.0% of its revenue from operations from the United States of America for the six months ended September 30, 2025, six months ended September 30, 2024, Fiscal 2025, Fiscal 2024 and Fiscal 2023 respectively. The company's global operations involve challenges and risks that could increase its expenses, adversely affect the company's results of operations and require increased time and attention from its management.
- The company's business depends on the quality and successful implementation of its AI solutions. Delays or failures in meeting contractual timelines or the expectation of the company's clients may result in cost overrun, loss of business and disputes which in turn could adversely impact its business, financial condition and results of operations.
- The company has incurred negative cash flows in the past. There is no assurance that the company will not incur losses in the future as the company expands the company's operations.
- The company may be adversely affected by the evolving laws and regulations governing its business and the introduction of any new applicable laws and regulations in the jurisdictions the company operates in. Failures to comply with the existing, and changes to, laws and regulations applicable to the company's business could subject the Company to enforcement actions and penalties and otherwise harm our business.
- The company's Statutory Auditor has noted certain observations in auditor's report under "Report on Other Legal and Regulatory Requirements" and in their reporting under the Companies (Auditor's Report) Order, 2020.
- The company's success depends on its ability to adapt to changes in client or market preferences and to adopt new technologies. The company's failures to do so could adversely affect its business and results of operations.
- The development and use of AI, including Gen AI, requires the company to retain skilled talent. If the company fails to attract, retain, train and optimally utilize these professionals, or if there is an increase in employee costs, the company's business may be unable to grow and its results of operations and profitability could decline.
- Internal or external fraud or misconduct by the company's employees or consultants could adversely affect its reputation and the company's results of operations.
- The company's cash flows and results of operations may be adversely affected if the company is unable to collect on billed and unbilled receivables from clients and the company may not be able to recognize revenues, which may cause the company's margins to fluctuate.
- One of its Promoters, Rupa Krishnan Agrawal, does not possess adequate experience in the industry in which the company operates.
- The company is required to comply with certain restrictive covenants under its financing agreements. Any noncompliance under these agreements may lead to, amongst others, accelerated repayment schedules and suspension of further drawdowns, which may adversely affect the company's business, results of operations, financial condition and cash flows.
- The company intend to utilize a portion of the Net Proceeds for funding its capital expenditure requirements for purchase of laptops for which the company has not entered into any definitive agreement and there may be delay in placement of such orders.
- There have been certain instances of delays in the payment of statutory dues by the Company and Subsidiaries in the past. Any delay in payment of statutory dues by the company in future, may result in the imposition of penalties and in turn may have an adverse effect on the Company's business, financial condition, results of operation and cash flows.
- The company intend to utilize a portion of the Net Proceeds for setting up new office premises in India for which the company has not entered into any definitive arrangements and there may be delay in deployment of the Net Proceeds.
- The company has certain contingent liabilities in our Restated Consolidated Financial Information, which may adversely affect its financial condition if they materialize.
- The company has included certain operational metrics and non-GAAP measures related to its operations and financial performance. These operational metrics and non-GAAP measures may not be comparable with financial or operational information of similar nomenclature computed and presented by other companies.
- The company's business is subject to evolving laws regarding AI, privacy, data protection and other related matters. Many of these laws are subject to change and could result in claims, changes to its business practices, monetary penalties, increased cost of operations, which may harm the company's business.
- The company's pricing structures may not accurately anticipate the cost, complexity and duration of its work, which could consequently impact the company's profitability.
- Exchange rate fluctuations may adversely affect the company's results of operations as a significant portion of its revenues are denominated in foreign currencies and may adversely affect the value of the company's Equity Shares.
- The company faces ethical and reputational risks associated with the use of our AI (including Gen AI) technology and algorithms, and instances of negative publicity can affect its business, financial condition, results of operations and cash flows.
- The company may not be able to prevent unauthorized use of its proprietary tools and other information and the company's intellectual property rights may not be adequate to protect its business and competitive position. The company may also be subject to claims by third parties, which are extremely costly to defend, could require the company to pay damages and could limit its ability to use certain technologies, thereby adversely impacting the company's results of operations and profitability.
- The company depends on the effectiveness of its marketing efforts to enhance sales of the company's AI solutions. Any failures in the company's marketing efforts could adversely impact its business and financial condition. Further, the company's business depends on a strong brand and corporate reputation and if the company is not able to maintain and enhance its brand, the company's ability to grow its business and our results of operations and financial condition may be adversely affected.
- The company faces intense competition in the company's markets, and the company may lack sufficient financial or other resources to maintain or improve the company's competitive position and may experience reduced operating margins and loss of market share.
- If the company faces immigration or work permit restrictions in any country where the company has operations, then he company's business, financial condition, results of operations and prospects may be adversely affected.
- The company may fails to identify or successfully acquire target businesses and he company's acquisitions could prove difficult to integrate which could disrupt its business and strain he company's resources.
- Artificial general intelligence may disrupt the market and adversely affect the company's business model and ability to compete.
- The company's ability to implement AI solutions depends in part on its ability to operate with third-party services and any failures to do so could adversely impact its operations.
- The company depends on computing infrastructure operated by third parties to support some of its clients and any errors, disruption, performance problems, or failures in their or he company's operational infrastructure could adversely affect its business, financial condition, and results of operations.
- If open source software programmers, many of whom the company does not employ, or he company's own internal programmers do not continue to develop and enhance open source technologies, the company may be unable to develop new technologies, adequately enhance its existing technologies or meet client requirements for innovation, quality and price, thereby adversely affecting he company's business, results of operations and financial condition.
- Failures to obtain or renew the company's statutory and regulatory licenses, approvals, consents, registrations and permissions to carry out its operations in a timely manner, or at all, may adversely affect he company's business, financial condition, cash flows and results of operations.
- There have been inadvertent inaccuracies in certain of he company's regulatory filings and the company has either lost or been unable to locate certain of its historical regulatory filings and corporate records. The company cannot assure you that no legal or regulatory actions will be initiated against the company in the future in relation to any such discrepancies/ inconsistencies.
- Any failures to offer quality maintenance and support services for the company's clients may harm its relationships with he company's clients and, consequently, he company's business.
- One of its Promoters, and also he company's Whole-time Director and group chief executive and executive vicechairman, Srikanth Velamakanni, had pledged some of his Equity Shares in favor of 360 ONE Prime Limited. In the event that any encumbrance is enforced, it may dilute the shareholding of its Promoter, which could adversely affect the company's business and reputation. Additionally, post Offer, the company's Promoters will hold less than 20% of the post-Offer Equity Share capital of the Company and the shortfall of the minimum promoter contribution will be met by GLM Family Trust, one of he company's Shareholders.
- Certain of its Promoters, he company's Directors, Key Managerial Personnel, and members of its Senior Management have interests in the Company in addition to their remuneration and reimbursement of expenses which may lead them to make decisions that is in their best individual interest which may not always be in the best interest of the Company.
- Certain Directors of the Company may be associated with ventures which may be engaged in overlapping line of business that are an alternative to he company's AI solutions. Any conflict of interest which may occur between our business and the activities undertaken by such companies, could adversely affect its business, prospects, results of operations and financial condition.
- The has entered into, and will continue to enter into, related party transactions that may potentially involve conflicts of interest and may be subject to additional approvals and compliances under applicable law.
- The company may not be able to obtain financing on favorable terms or at all, and any failures to raise needed funds may impact its iquidity, business, cash flows, financial condition and results of operations.
- Certain of its Subsidiaries have incurred losses in the six months ended September 30, 2024, and in the last three Fiscals. If they continue to incur losses, the company may be required to continue providing financial support to them which may adversely affect the company's consolidated cash flows, results of operations and financial condition. The company cannot assure you that its investments will enhance their profitability or yield intended results.
- The company relies primarily on third-party insurance policies to insure its operations-related risks. If the company's insurance coverage is insufficient for the needs of its business or the company's insurance providers are unable to meet their obligations, the company may not be able to mitigate the risks facing its business, which could adversely affect the company's business, financial condition and results of operations.
- The Company will not receive the entire proceeds from the Offer. Some of our Shareholders are selling Equity Shares in the Offer and will receive proceeds as part of the Offer for Sale.
- After the completion of the Offer, certain of its existing and future Shareholders may be able to exert significant influence over the Company which may limit your ability to influence the outcome of matters submitted for approval of its Shareholders.
- The company is potentially subject to anti-corruption, anti-bribery, anti-money laundering, financial and economic sanctions and similar laws, and non-compliance with such laws can subject the company to administrative, civil and criminal fines and penalties, all of which could adversely affect its business, prospects, financial condition, results of operations, and cash flows.
- The Company has issued securities during the preceding one year at a price that may be below the Offer Price.
- Certain sections of this Red Herring Prospectus contain information from the Everest Report which has been commissioned and paid for by the company and any reliance on such information for making an investment decision in this offering is subject to inherent risks.
- The valuation reports obtained for acquisitions or divestments of business/undertakings, mergers, amalgamations, any revaluations of assets, etc. in the last 10 years are based on various assumptions and may not be indicative of the true value of the subject matter to which they relate.
- If the company is unable to establish and maintain effective internal controls and compliance systems, the company business and reputation could be adversely affected.
- The company's offices, including our Registered Office are located on leased premises or in co-working spaces. If these leases are terminated or not renewed on terms acceptable to the company, it could have a material adverse effect on its business, financial condition and results of operations.
- If the Company is classified as a passive foreign investment company for U.S. federal income tax purposes, U.S. investors in the Offered Shares may be subject to adverse U.S. federal income tax consequences.
- U.S. persons who hold 10% or more of the total voting power or value of the Company may be subject to U.S. federal income taxation on its undistributed earnings.
The Issue type of Fractal Analytics Ltd is Book Building.
The minimum application for shares of Fractal Analytics Ltd is 16.
The total shares issue of Fractal Analytics Ltd is 31523948.
Initial public offering of 31523948 equity shares of face value of Rs.1/- each ("Equity Shares") of Fractal Analytics Limited ("Company") for cash at a price of Rs. 900 per equity share
(including a share premium of Rs. 899 per equity share) ("Offer Price") aggregating up to Rs.2833.90 crores, comprising a fresh issue of 11408394 equity shares of face value of Rs.1/- each aggregating up to Rs.1023.50 crores ("Fresh Issue") and an offer for sale of 20115554 equity shares of face value of Rs.1/- each aggregating up to Rs.1810.40 crores ("Offer For Sale", and together with the fresh issue, the "Offer"), comprising 9787777 equity shares of face value of Rs.1/- each aggregating up to Rs.880.90 crores by Quinag Bidco Ltd, 500000 equity shares of face value of Rs.1/- each aggregating up to Rs.450.00 crores by TPG Fett Holdings Pte. Ltd., 327777 equity shares of face value of Rs.1/- each aggregating up to Rs.29.50 crores by Satya Kumari Remala and Rao Venkateswara Remala and 5000000 equity shares of face value of Rs.1/- each aggregating up to Rs.450.00 crores by GLM Family Trust (collectively, the "Selling Shareholders", and such equity shares cumulatively offered by the selling shareholders, the "Offered Shares"). The offer includes a reservation of 666667 equity shares of face value of Rs.1/- each, aggregating up to Rs.60.00 crores for subscription by eligible employees (as defined hereinafter) not exceeding 5% of the post-offer paid-up equity share capital ("employee reservation portion"). The offer less the employee reservation portion is hereinafter referred to as the "net offer". The offer and the net offer shall constitute [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company.
Price Band: Rs. 900 per equity share of face value Re. 1/- each.
The floor price is 900 times of the face value of the equity shares.
Bids can be made for a minimum of 16 equity shares and in multiples of 16 equity shares thereafter.
A discount of Rs. 85 per equity share is being offered to eligible employees bidding in the employee reservation portion.