Fractal Analytics and Amagi Secure IPO Approvals

Fractal Analytics, a leader in enterprise AI, has gained the necessary endorsement from the Securities and Exchange Board of India for its upcoming IPO. Similarly, Amagi, a cloud-driven media SaaS platform, has also received SEBI’s green light for its IPO, further enriching the pool of technology companies preparing to enter public markets.

Key Details of Fractal’s IPO

Fractal’s initial public offering will feature a new issue of up to Rs 1,279.3 crore, along with an offer for sale amounting to Rs 3,620.7 crore, contributed by current shareholders such as Quinag Bidco, TPG Fett Holdings, Satya Kumari Remala, Rao Venkateswara Remala, and GLM Family Trust. The company intends to allocate the funds for debt repayment through its subsidiary Fractal USA, developing new offices in India, purchasing laptops, investing in research and development, enhancing sales and marketing via Fractal Alpha, financing acquisitions, and other strategic ventures, as well as for general corporate activities.

About Fractal Analytics

Established in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal provides support to global enterprises in sectors such as consumer goods and retail, technology, media and telecom, healthcare and life sciences, and BFSI. The company is continuously expanding its portfolio of AI and Gen AI products, having served several major global clients, including Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla, as of March 2025.

Fractal’s Financial Performance

Fractal exhibited significant financial growth in FY25, with revenue from operations increasing by 25.9% to reach Rs 2,765 crore, compared to Rs 2,196 crore in FY24. The company’s profit after tax surged to Rs 22 crore, contrasting with a loss of Rs 5.47 crore in the previous fiscal year. The EBITDA margin improved to 17.4%, while the PAT margin turned positive at 12.6%.

Amagi’s IPO Details

Amagi has reported crossing Rs 1,100 crore in revenue during FY25 while markedly diminishing its losses. It has also received SEBI approval for an IPO that includes both a fresh issue and an offer for sale from investors like Accel, Norwest and Premji Invest. The Bengaluru-based firm plans to raise Rs 1,020 crore through a new issuance of equity shares, while existing investors will be selling up to 3.4 crore shares via the OFS.

Book Running Lead Managers

Kotak Mahindra Capital, Morgan Stanley India, Axis Capital and Goldman Sachs India are appointed as the book running lead managers for these offerings.