Fractal Analytics, Aye Finance to launch IPOs next week

IPO

• Fractal and Aye Finance to announce IPO price bands on February 4
• Fractal targets over Rs 2,800 crore in IPO, reduced from Rs 4,900 crore plan.
• Aye Finance provides loans to MSMEs and is backed by major global investors

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Data analytics firm Fractal and SME lender Aye Finance are planning to launch inital public offerings (IPOs) in the coming week, a sign of pick-up in primary market activity, sources said.

Moneycontrol has reported that the US-India trade deal has resulted in improvement in market sentiment, which is likely to drive primary market activity in the coming days after a weak January that saw only three main board IPOs.

Both companies will announce the price band for their IPOs on February 4, with the offers opening for subscription in the coming week.

Spokespersons for Fractal and Aye Finance could not be immediately reached for a comments.

Moneycontrol first reported on January 15 that Fractal will launch its IPO post the Union Budget.

The TPG Capital-backed data analytics and enterprise artificial intelligence (AI) company plans to raise over Rs 2,800 crore through the IPO, against its initial plan of Rs 4,900 crore, sources said.

Founded in 2000, Fractal Analytics is a global enterprise AI company that works with large multinational corporations to power decision-making through data-driven insights and end-to-end AI solutions.

Fractal’s offerings are organised into two segments.

Fractal.ai houses its AI services and products. Products are largely hosted on Cogentiq, its flagship agentic AI platform. Cogentiq is designed to help enterprises and product owners build and upgrade AI-led products faster through pre-built agents, tools and connectors, alongside features such as low-code development, security, governance and auditability.

The second segment, Fractal Alpha, comprises independent AI businesses that target Fractal.ai’s core multinational clients as well as newer markets and geographies, each run by separate management teams.

Aye Finance, which is backed by Alphabet, Elevation Capital, LGT Capital, and Alpha Wave India, is a non-banking financial company, providing loans to micro scale micro, small and medium enterprises (MSMEs) across India.