Overview

• The draft red herring prospectus to SEBI proposes a ₹4,900 crore IPO consisting of a ₹1,279.3 crore fresh issue and a ₹3,620.7 crore offer-for-sale by existing investors.
• PE backers TPG Fett Holdings and Apax Partners will offload stakes worth about ₹1,999.6 crore and ₹1,462.6 crore respectively, alongside secondary sales from GLM Family Trust and founders.
• Fresh-issue proceeds are earmarked for pre-repayment of a $32 million loan at Fractal’s US subsidiary, purchase of equipment, establishment of new India offices and increased investment in R&D, sales and marketing.
• Fractal reported FY25 operating revenue of ₹2,765.4 crore, up 25.9% year-on-year, and returned to profitability after a loss in FY24.
• Price band, timetable are pending SEBI approval ahead of a potential pre-IPO anchor placement of up to ₹255.8 crore.