SEBI Clears Fractal Analytics to Launch India’s First AI IPO
PositiveArtificial Intelligence

- The Securities and Exchange Board of India (SEBI) has approved Fractal Analytics to proceed with India's first Initial Public Offering (IPO) focused on artificial intelligence, aiming to raise approximately ₹4,900 crore through new shares and an offer for sale by existing shareholders.
- This landmark decision positions Fractal Analytics at the forefront of the AI sector in India, potentially enhancing its market presence and providing a significant influx of capital to fuel further innovation and expansion in AI-driven solutions.
- The approval reflects a growing trend in India towards embracing AI technologies, as seen in various sectors, including risk management and IT services, indicating a robust shift towards integrating AI into business models and enhancing operational efficiencies across industries.
— via World Pulse Now AI Editorial System







