AI unicorn Fractal Analytics is reportedly set to begin the book-building process for its ₹4,900 crore IPO as early as next week. Following strong investor interest during recent roadshows, the company plans to file updated draft papers by mid-January 2026. Fractal, which provides AI solutions across various sectors, received regulatory approval for its IPO in November. The book-building process will help determine the share price and may include a pre-IPO placement to institutional investors.