New Delhi, Feb. 8 -- India's leading pure-play enterprise data, analytics, and AI company, Fractal Analytics, is set to tap the capital markets through an initial public offering (IPO) that opens on 9 February. Fractal plans to raise Rs.2,834 crore, at a price band of Rs.857-900 per share. The issue comprises a fresh issue of Rs.1,024 crore and an offer-for-sale of Rs.1,810 crore by existing investors, including Quinag Bidco (Apax Partners), TPG Fett Holdings, and the GLM Family Trust.

At the upper end of the price band, Fractal's implied market capitalization stands at Rs.15,480 crore. This IPO offers investors exposure to an integrated AI provider serving Fortune 500 clients, a unique proposition given that there are no listed peers in...