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Fractal IPO: Onida Group’s Gulu Mirchandani Nets Fractal IPO₹450 Cr
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Fractal IPO: Onida Group’s Gulu Mirchandani Nets Fractal IPO₹450 Cr
Early backers of AI SaaS firm Fractal Analytics, which is set to list on Monday (February 16), realised hefty returns from its initial public offering. At the issue price of ₹900, one of Fractal’s earliest backers Gulu Mirchandani’s GLM Trust offloaded 50 Lakh shares worth ₹450 Cr via the offer-for-sale (OFS) component of the IPO. Notably, Onida’s founder chairman Mirchandani invested ₹2.74 Cr in Fractal back in 2004 Till 2024, he also served a…
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