New Delhi, Feb. 5 -- The initial public offering (IPO) of Fractal Analytics is set to hit the primary market next week on Monday, February 9, as it looks to become the first AI-focused listed firm in the Indian stock market.

The company has fixed the Fractal Analytics IPO price band at Rs.857-900, targeting a valuation of Rs.14,450 crore. The company has, however, slashed its IPO size to Rs.2,834 crore from the Rs.4,900 crore planned initially.

Fractal's latest valuation is lower than what it was valued at in the previous financing round. The company was advised to leave money on the table as AI is a new category for investors, Fractal CEO Srikanth Velamakanni told Reuters.

Ahead of the IPO launch, Fractal Analytics is already enjoying...