Overview
- The offering totals about Rs 4,900 crore, comprising a fresh issue of up to Rs 1,279.3 crore and an offer for sale of up to Rs 3,620.7 crore.
- Net proceeds will be used to repay borrowings at Fractal USA, open new offices in India, fund generative-AI research, support capex and sales and marketing, and pursue acquisitions.
- The offer for sale includes planned share sales by TPG Fett Holdings (~Rs 1,999.6 crore) and Quinag Bidco (~Rs 1,462.6 crore), plus smaller stakes from GLM Family Trust and the Remala family.
- Kotak Mahindra Capital, Morgan Stanley India, Axis Capital, and Goldman Sachs India are the book-running lead managers, with pricing and schedule to be announced.
- Fractal reported FY25 revenue of Rs 2,765 crore, up 25.9% year on year, and a return to profitability with Rs 22 crore in profit after tax.