Fractal Analytics and Amagi receive SEBI approval for IPO

Enterprise AI company Fractal Analytics has secured approval from the Securities and Exchange Board of India for its proposed IPO. Cloud led media SaaS platform Amagi has also received SEBI approval for its IPO, adding to the growing pipeline of technology driven companies preparing for public markets.

Fractal’s IPO will include a fresh issue of up to Rs 1,279.3 crore and an offer for sale of up to Rs 3,620.7 crore by existing shareholders including Quinag Bidco, TPG Fett Holdings, Satya Kumari Remala, Rao Venkateswara Remala and GLM Family Trust.