IPO News: This AI company's IPO will come after Budget 2026, preparing to raise ₹4,900 crore

News Topical, Digital Desk : IPO News: TPG Capital-backed data analytics and enterprise artificial intelligence (AI) company Fractal Analytics is preparing to launch its initial public offering (IPO) after the Union Budget in February.

Two people familiar with the development said this. If the plan goes ahead, it would be the second major tech IPO of 2026. Amagi Media Labs' ₹1,788 crore issue opened for subscription on January 13th. According to Moneycontrol's exclusive report, as per the Draft Red Herring Prospectus (DRHP), Fractal Analytics is planning to raise a total of ₹4,900 crore through the IPO. This includes a fresh issue of ₹1,279.3 crore and an offer for sale (OFS) of ₹3,620.7 crore, which will be taken by the company's existing shareholders, including TPG Capital. According to sources, the company was earlier considering bringing the issue this month, but decided on a post-budget launch to avoid market volatility seen around a major event like the budget. An email query sent to the company remained unanswered till the time of publication. Strong pipeline of tech IPOs Tech deals set a record for the Indian IPO market in 2025. Companies like Groww, Pine Labs, Meesho, Physicswallah, Lenskart, and Urban Company had large issues. This trend is expected to continue into 2026, with names like PhonePe also joining the fray. Focus on Enterprise AI Founded in 2000, Fractal Analytics is a global enterprise AI company. It provides data-driven insights and end-to-end AI solutions to large multinational clients. The company's offerings are organized into two segments.

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