Stories
Fusion CX IPO Fully Subscribed on Day 2 With Retail Portion Booked Nearly 4x
- •The Rs 702-crore initial public offering of Fusion CX received 1.10 times subscription as of 5:00 pm on October 15, according to NSE data.
- •Retail investors led the demand with a 3.72 times subscription, while non-institutional investors booked their portion 1.45 times.
- •Fusion CX shares commanded an 11 percent premium in the grey market over the upper end of the price band.
- •The IPO features a fresh issue of Rs 500 crore and an offer for sale of Rs 202 crore, with the price band set at Rs 275 to Rs 289 per share.
- •Fusion CX reported strong financial growth in FY26, with total income rising 37 percent and profit after tax more than doubling to Rs 170 crore.
Key Questions Answered
As of 5:00 pm on October 15, the Fusion CX initial public offering was subscribed 1.10 times overall. Retail investors led the demand with a 3.72 times subscription, while the non-institutional investors' portion was booked 1.45 times.
Fusion CX has set its IPO price band at Rs 275 to Rs 289 per share. Retail investors can apply for a minimum of 51 shares, requiring a minimum investment of Rs 14,739 at the upper end of the price range.
Fusion CX intends to use part of the fresh issue proceeds to repay or prepay certain outstanding borrowings of the company and its subsidiaries. Additionally, the company will invest in its step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Private Limited, to upgrade IT tools like Arya and MindVoice.
