India, Feb. 4 -- AI and decision-intelligence company Fractal Analytics has set the price band for its IPO, which is set to open on Monday (February 9), at INR 857 to INR 900 per share.

At the upper end of the price band, the IPO values the company at about INR 15,480 Cr (about $1.7 Bn).

Anchor bidding for the issue will take place on Friday (February 6), while the IPO will close on Wednesday (February 11). The shares are expected to list on the exchanges on February 16 (Monday).

The company filed its red herring prospectus (RHP) for INR 2,833.9 Cr IPO yesterday. The public issue will comprise a fresh issue of shares worth up to INR 1,023.54 Cr, representing a 30% cut from the DRHP. Additionally, the offer-for-sale (OFS) component has ...