India, Aug. 13 -- Fractal Analytics has filed draft IPO papers with India's market regulator in its endeavour to become the first listed AI company in India.

The enterprise AI company, which was founded more than two decades ago, aims to raise Rs.4,900 crore via a fresh issue of shares worth Rs.1,279.3 crore and an offer for sale of Rs.3,620.7 crore, according to its draft red-herring prospectus filed with the Securities and Exchange Board of India.

The company is also eyeing a pre-IPO anchor placement of up to Rs.255.8 crore. The price band and the tentative timeline of the Fractal Analytics IPO wasn't immediately available.

Founded in 2000 by Srikanth Velamakanni and Pranay Agrawal, Fractal Analytics counts several Fortune 500 compan...