[[{“value”:”
SaaS unicorns Fractal Analytics and Amagi Media Labs have received SEBI’s approval to proceed with their public issues.
As per SEBI’s latest weekly DRHP processing update, both companies were issued observation letters on November 18, allowing them to move ahead with their public offerings.
Fractal Analytics, one of India’s largest AI and decision-intelligence companies, filed its DRHP in August. Its IPO will comprise a fresh issue of up to INR 1,279.3 Cr and an offer-for-sale component of up to INR 3,620.7 Cr, making it one of the biggest enterprise tech listings from India’s SaaS and AI sector.
Meanwhile, Amagi filed its draft offer document on July 31. Amagi’s IPO will comprise a fresh raise of up to INR 1,020 Cr and an OFS of up to 3.41 Cr shares by existing investors such as Norwest Venture Partners, Accel India, Premji Invest, Trudy Holdings and Avaatar Ventures Partners.
(The story will be updated soon)
The post Fractal, Amagi Get SEBI Nod For Their IPOs appeared first on Inc42 Media.
“}]]
Read More Latest Startup News From The Indian Startup Ecosystem – Inc42 Media