New Delhi, Feb. 6 -- Artificial Intelligence firm Fractal Analytics Limited announced on Friday, 6 February, that it has raised Rs.1,248.26 crore from anchor investors ahead of its initial public offering (IPO).

The company allotted 1,38,69,499 equity shares to 52 anchor investors, with an allocation price of Rs.900 per equity share.

Of the total equity shares allocated to the anchor investors, 52,77,680 or around 38% were allocated to 11 domestic mutual funds across 22 schemes, the company said.

The anchor book saw strong participation from leading domestic institutional investors, including mutual funds such as SBI Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, UTI Mutual Fund, Trust Mutual Fund, Bandhan Mutual...