Fusion CX fixes ₹275-289 price band for ₹702 crore IPO
In short
Fusion CX Ltd fixed its IPO price band at ₹275-289 a share. The ₹702 crore issue opens on October 14, anchor bidding is on October 13, and the offer closes on October 16.
This matters because the company wants to raise money and list more shares. The reporting says the issue includes fresh shares and an offer for sale, but not the full split.
What the reporting says
Fusion CX Ltd fixed a ₹275-289 per share price band for its ₹702 crore IPO, which is set to open on October 14 and close on October 16, with anchor bidding on October 13. The public issue includes a fresh issue worth up to ₹500 crore and an offer for sale, and the upper band implies a post-issue market capitalisation of over ₹4,170 crore. The exact split of the offer for sale is not fully stated in the available reporting.
Why it matters
Fusion CX Ltd, an AI-powered customer experience solutions provider, fixed a ₹275-289 per share price band for its ₹702 crore IPO, with subscription opening on October 14 and closing on October 16. The issue includes a fresh issue worth up to ₹500 crore and an offer for sale, while the upper band implies a post-issue market capitalisation of over ₹4,170 crore. The remaining offer-for-sale details are not fully stated in the available reporting.