AI unicorn Fractal said to begin book-building for ₹4,900 cr IPO next week

Over the last three years, Fractal has raised ₹75.2 crore, primarily through the issuance of equity via employee stock ownership plans. Ahead of the Draft Red Herring Prospectus (DRHP) filing, Apax sold 1,541 shares to Janaki Akella, an independent director at the company, for ₹5,550 apiece. Subsequently, a bonus issue of four shares for every one share held adjusted the price of every share to ₹1,110.