Fusion CX opens ₹702-crore IPO with 12% grey market premium
In short
Fusion CX opened its ₹702-crore IPO for subscription from October 14 to 16. The price band is ₹275-289 per share, and the minimum retail investment is ₹14,739.
The offer has a grey market premium of about 12%, and the company raised ₹315 crore from anchor investors. It is still not clear how strong final demand for the IPO will be.
What the reporting says
Fusion CX’s ₹702-crore IPO opened for subscription from October 14 to 16, according to a publisher-supplied summary. The issue is priced at ₹275-289 per share and requires a minimum retail investment of ₹14,739, while the grey market premium is around 12%. The company also raised ₹315 crore from anchor investors including Ashish Kacholia and Kotak Mahindra Life Insurance, but the eventual subscription demand is still unknown.
Why it matters
The summary says Fusion CX has launched a ₹702-crore initial public offering with a ₹275-289 price band, a ₹14,739 minimum retail outlay and about a 12% grey market premium. It also raised ₹315 crore from anchor investors such as Ashish Kacholia and Kotak Mahindra Life Insurance. The listing outcome and final subscription levels are not yet stated.