Fusion CX IPO enters final day with 1.10x subscription
In short
Fusion CX’s Rs 702 crore IPO has reached its final bidding day. By Day 2, it was subscribed 1.10 times, and the grey market premium was 8%.
The issue matters because brokerages say the company has growth potential and wants to use the money to cut debt and upgrade technology. It is still unknown how strong the final subscription will be.
What the reporting says
Fusion CX’s Rs 702 crore IPO entered its final bidding day with 1.10 times subscription on Day 2 and an 8% grey market premium. The report says brokerages see growth potential, improving profitability, AI-driven demand and reasonable valuations, while the proceeds will mainly reduce debt and fund technology upgrades. The immediate question is whether final demand will build further before the issue closes.
Why it matters
Fusion CX’s Rs 702 crore IPO entered its final bidding day with 1.10 times subscription on Day 2 and an 8% grey market premium. The report says brokerages point to growth potential, improving profitability, AI-driven demand and reasonable valuations. The proceeds are meant mainly to reduce debt and fund technology upgrades. The remaining uncertainty is the final subscription level and market reception.