Fractal Analytics has received SEBI's approval to launch India's first IPO by an AI-focused company. The globally recognised enterprise aims to raise ₹4,900 crore through its maiden issue, which includes a fresh issue of up to ₹1,279.3 crore and an offer for sale of ₹3,620.7 crore by existing investors. Funds will be used to repay debt at its US subsidiary.