India, Feb. 3 -- AI and decision-intelligence company Fractal Analytics has filed its red herring prospectus (RHP) for INR 2,833.9 Cr IPO, marking a near 42% cut from the initially proposed size. The offering will open for bidding on February 9 (Monday) and close on Wednesday (February 11). nchor bidding will take place on February 8.

The IPO comprises a fresh issue of shares worth up to INR 1,023.54 Cr, representing a 30% cut from the DRHP. Meanwhile, the offer-for-sale (OFS) component has been halved to up to INR 1,810.4 Cr.

Selling shareholders include Apax Partners (via its holding entity Quinag Bidco), TPG Capital (via TPG Fett Holdings Pte Ltd), Satya Kumari Remala and Rao Venkateswara Remala and GLM Family Trust.

Apax Partners p...