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Fractal's net profit expanded to Rs 116 crore in Q4 FY26 from Rs 55.5 crore in Q4 FY25.
The funding round also saw participation from existing investors InfoEdge Ventures and Kae Capital.
The offering included a fresh issue of Rs. 1,023.5 crore and an offer for sale (OFS) component of Rs 1,810.4 crore.
The IPO will open for bidding on February 9 and close on February 11. The anchor bidding will take place on February 8.
With its steady track record of giving timely exits to its investors, Fractal marches towards the IPO. But the larger question now is whether Fractal can keep pace with an AI ecosystem...
Tijori Finance will use the fresh capital to develop new analytical tools, upgrade its server infrastructure, and expand its workforce.
PowerEdge raised around Rs 8.54 crore in May from White Venture Capital and Matrix Partners-anchored pre-seed VC fund DeVC.
The other entities that have been selected by the government under its AI Mission include Avatar AI, IIT Bombay Consortium – Bharat Gen and Intellihealth.
The IPO comprises of fresh issue of shares worth Rs 1,279 crore and an offer for sale (OFS) of Rs 3,620.7 crore by existing shareholders.
As part of the transaction, existing investor Apax Partners sold a 6% stake in the company to a consortium of 22 institutional investors.
This story delves into Stashfin’s business operations – which have largely remained out of the public and media spotlight, as the company prefers to keep things under wraps.
