10 Feb 2026 | 5 Mins Read
Fractal Analytics' IPO yields massive returns for its early investor
Flipitmoney
Gulu Mirchandani's Rs 2.75-crore investment in Fractal Analytics in 2004 is now valued at over Rs 2,400 crore after 22 years. The company's Rs 2,834-crore IPO includes an offer for sale by the GLM Trust, which will sell a 15.5% stake valued at Rs 450 crore. Fractal plans to utilize the proceeds to invest in its US subsidiary, fund research and development, and more.