Upcoming IPO: Fractal Analytics files DRHP with Sebi to raise ₹4,900 crore via public issue. Details here
Fractal Analytics was founded by Srikanth Velamakanni and Pranay Agrawal in 2000. The company provides data-driven insights and assists in decision-making through end-to-end AI solutions to large global enterprises across multiple industries. Its major clients include global tech giants such as Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla.
Fractal Analytics' initial public offering comprises a fresh issue of equity shares worth ₹ 1,279.3 crore and an offer to sale (OFS) equity shares up to 3,620.7 crore.
The OFS comprises equity shares worth up to ₹ 1,462.6 crore by Quinag Bidco Ltd, ₹ 1,999.6 crore by TPG Fett Holdings Pte. Ltd, ₹ 29.5 crore by Satya Kumari Remala and Rao Venkateswara Remala; and equity shares ₹ 129 crore by GLM Family Trust.
The company is seeking to raise nearly ₹ 4,900 crore from the stock market by issuing equity shares with a face value of Re 1 apiece.
The Offer is conducted via the book building process, allocating 75% of the shares to QIBs, 15% to Non-Institutional Investors, and 10% to Retail Individual Investors. Additionally, it includes a reservation not exceeding 5% of the Company's post-offer paid-up equity share capital for eligible employees.
Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, and Goldman Sachs (India) Securities Private Limited are the book-running lead managers for the IPO.
Fractal Analytics plans to use the net proceeds from the public issue to invest in its subsidiary, Fractal USA. This investment will cover costs incurred to purchase laptops, establish new office space in India, fund research and development, and support sales and marketing activities under Fractal Alpha. Additionally, the funds will be used to finance inorganic growth through potential acquisitions and other strategic initiatives, as well as general corporate expenses.
Fractal's revenue from operations increased by 25.9% to ₹ 2,765 crore in FY25, compared to ₹ 2,196 crore in FY24. Similarly, profit after tax (PAT) turned positive to ₹ 22 crore in FY25 from a loss of ₹ 5.47 crore in FY24. PAT and EBITDA margins also improved to 12.6% from (0.2%) and 17.4% from 10.6%, respectively.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
44 minutes ago
- Time of India
AI solutions company Fractal files for nearly Rs 5,000 crore IPO
BENGALURU: Enterprise AI solutions company Fractal Analytics has filed draft papers with Sebi for an IPO of up to Rs 4,900 crore. The offer comprises a fresh issue of shares worth Rs 1,279 crore and an offer-for-sale of Rs 3,621 crore. Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal provides AI-driven decision-making support to large enterprises across sectors. Fractal's revenue from operations rose 26% to Rs 2,765 crore in FY25 from Rs 2,196 crore a year ago. Net profit was Rs 220.6 crore in FY25, against a net loss of Rs 54.7 crore in the previous year. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Brigade Group Q1 profit surges 95% to ₹158 cr on strong residential sales
Bengaluru-based real estate developer Brigade Group on Wednesday has reported a net profit jump to Rs 158 crore in the first quarter of the financial year 2026 ended June 30, up 95 per cent, as compared to Rs 81 crore. The performance was driven by the residential business and pipeline of launches across cities. Further, the company's revenue from operations rose to Rs 1,281 crore in Q1 against Rs 1078 crore, up 18.87 per cent. On a sequential basis, it dropped 12.27 per cent. 'FY26 has begun on a strong note for Brigade Group, marked by consistent performance across all verticals. Our residential business continues to be a key growth driver, supported by a strong pipeline of launches across Bengaluru, Chennai and Hyderabad. The office segment has seen sustained momentum, with increased leasing activity. Furthermore, we remain focused on expanding our land bank and are actively pursuing high-quality parcels in strategic markets,' said Pavitra Shankar, Managing Director, Brigade Group. Pre-sales for the quarter stood at Rs 1,118 crore, with a sales area of 0.95 million square feet. Real estate revenue rose 22per cent to Rs 892 crore, compared with Rs 733 crore in Q1 FY25. EBITDA for Q1 FY26 was Rs 103 crore, up 10 per cent year-on-year. Moreover, net bookings in the real estate segment for Q1 FY26 stood at 0.95 million square feet. The average realisation was Rs 11,782 per square feet, marking a 24 per cent increase over Q1 FY25. Collections for the quarter totalled Rs 1,728 crore. Looking ahead, Brigade said it has a robust pipeline of about 16 million square feet of new launches in the residential and commercial segments, along with plans to add 1,700 keys in its hotel portfolio. Additionally, with a land bank of 60 million square feet., the company expects to strengthen its growth trajectory. Additionally, ICRA has upgraded Brigade's credit rating to AA (Stable). The portfolio occupancy of 92 per cent was achieved from the overall operating lease portfolio of 9.38 million square feet during the quarter. Leasing revenue stood at Rs 300 crore, a growth of 15 per cent over Q1 FY25. EBITDA stood at Rs 224 crore, a growth of 13 per cent over previous year's same quarter. Brigade's Facilities Management vertical manages around 16 million square feet. Brigade Hotel Ventures Limited, a subsidiary of Brigade Enterprises Limited, launched an Rs 885.60 crore Initial Public Offering (including a Rs 126 crore pre-IPO placement). Hospitality revenue in Q1 FY26 stood at Rs 141 crore, up 19 per cent from Q1 FY25, while EBITDA rose 34 per cent to Rs 48 crore.
Time of India
an hour ago
- Time of India
Air Canada cancels flights: What do we know about strike of Canada's largest carrier?
Air Canada is cancelling flights from Thursday, as the country's largest carrier winds down service ahead of a looming Saturday strike by its more than 10,000 flight attendants. Montreal-based Air Canada said on Wednesday it plans to cease flying on Saturday after its flight attendants' union served a 72-hour strike notice due to stalled contract talks over pay. Air Canada and Air Canada Rouge carry about 130,000 customers a day. A strike would hit the country's tourism sector during the height of summer travel. Air Canada is also the foreign carrier with the largest number of flights to the U.S. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program The standoff is testing the country's Liberal government under Prime Minister Mark Carney, which was asked by Air Canada to impose arbitration on both sides. Representatives of Carney and Jobs Minister Patty Hajdu did not respond to requests for comment on whether they would take action, such as imposing arbitration that would stop a strike. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Canada is looking for skilled immigrants from Jamaica! Canadian Visa Professionals Sign Up Hajdu on Tuesday encouraged both parties to remain at the table until a deal is reached. The dispute hinges on the way airlines compensate flight attendants. Most airlines have traditionally paid attendants only when planes are in motion. But flight attendants in North America have sought compensation for hours worked, including for tasks such as boarding passengers and waiting in the airport. The strike by flight attendants represented by the Canadian Union of Public Employees is set to begin at 12:58 a.m. EDT (0458 GMT) on Saturday. Air Canada has said customers would be fully refunded for cancellations, which could hit lucrative routes between Canada, the United States, Europe, and Asia. The airline also issued a lockdown notice beginning 32 minutes after the strike. It had declared a deadlock in negotiations on Tuesday, after the union rejected its proposal for binding arbitration. Live Events The carrier had offered a 38% increase in total compensation for flight attendants over four years, with a 25% raise in the first year. However, the union said the offer would raise actual wages by 17.2% over four years and was below inflation. Air Canada had offered to compensate flight attendants for some unpaid work, but only at 50% of their hourly rate. A union spokesperson said its negotiators are awaiting a response from Air Canada after it made a new proposal Tuesday night. Flight attendants have negotiated with more confidence, encouraged by improved airline earnings in 2024 and bumper pay deals for pilots since the pandemic. Such concessions would raise labor costs for Air Canada, which reported a drop in second-quarter profit, weighed down by weak passenger traffic to the U.S. FAQs Q1. Which airline has cancelled flights? A1. Air Canada is cancelling flights from Thursday. Q2. How many passengers Air Canada carry on a daily basis? A2. Air Canada and Air Canada Rouge carry about 130,000 customers a day.
