"As India's first AI company to IPO, Fractal Analytics didn't have a stellar first day on the public markets, as enthusiasm for the technology collided with jittery investors recovering from a major sell-off in Indian software stocks. Fractal listed at ₹876 per share on Monday, below its issue price of ₹900, and then slid further in afternoon trading. The stock closed at ₹873.70, down 7% from its issue price, lending the company a market capitalization of about ₹148.1 billion (around $1.6 billion)."
"That price tag marks a step down from Fractal's recent private-market highs. In July 2025, the company raised about $170 million in a secondary sale, at a valuation of $2.4 billion. It first crossed the $1 billion mark in January 2022 after raising $360 million from TPG, becoming India's first AI unicorn. Fractal's IPO comes as India seeks to position itself as a key market and development hub for AI in a bid to attract investment amid increasing attention from some of the world's most prominent AI companies."
"In early February, the company decided to price the offering conservatively after its bankers advised it to, cutting the IPO size by more than 40% to ₹28.34 billion (about $312.5 million), from the original amount of ₹49 billion ($540.3 million). Founded in 2000, Fractal sells AI and data analytics software to large enterprises across financial services, retail and healthcare, and generates the bulk of its revenue from overseas markets, including the U.S. The company pivoted toward AI in 2022 after operating as"
Fractal Analytics listed at ₹876 and closed at ₹873.70, 7% below its ₹900 issue price, implying a market capitalization near ₹148.1 billion (about $1.6 billion). That market value is lower than recent private-market highs after a July 2025 secondary sale that raised about $170 million at a $2.4 billion valuation and a January 2022 round following a $360 million investment from TPG. The company priced its IPO conservatively in early February, cutting the offering by more than 40% to ₹28.34 billion (about $312.5 million) from an original ₹49 billion on banker advice. Founded in 2000, Fractal sells AI and data analytics to large enterprises, generates most revenue from overseas markets including the U.S., and pivoted toward AI in 2022 amid India's push to become an AI hub.
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