Fractal Analytics IPO Price Band Set: Eyes ₹14,450 Crore Valuation

• Fractal Analytics has set its IPO price band at ₹857–900 per share, aiming for a valuation of approximately ₹14,450 crore ($1.60 billion).
• The IPO will open for retail investors on February 9, with anchor investors bidding on February 6, and close on February 11.
• Fractal Analytics seeks to become India's first pure-play AI-focused listed firm, despite a subdued domestic primary market.
• The Mumbai-based company, founded in 2000, serves major tech and consumer firms like Microsoft, Apple, Nvidia, Alphabet, and Tesla.
• Proceeds from the IPO will be used for debt repayment, new offices in India, and R&D, particularly in generative AI.

Why It Matters: Fractal Analytics sets IPO price band, targeting ₹14,450 crore valuation as India's first pure-play AI listed firm.