Fusion CX Share Price: Shares of Fusion CX, a customer experience (CX) and business process solutions provider, made their debut on the BSE and NSE at a premium to the IPO issue price on Thursday. The stock listed on the NSE and BSE after the IPO was subscribed over 4 times during the subscription period.
On the NSE, Fusion CX shares were listed at a premium of Rs 16 per share, or 5.54 per cent, over the issue price. On the BSE, the stock debuted at Rs 292.
Fusion CX IPO Subscription Status
The Fusion CX IPO received an overall subscription of over 4 times, with retail individual investors leading the demand, followed by non-institutional investors (NIIs).
The category-wise subscription figures were as follows:
- Qualified Institutional Buyers (QIBs): 4.21x
- Non-Institutional Investors (NIIs): 4.73x
- Retail Individual Investors (RII): 5.99x
Retail individual investors subscribed to their portion 5.99 times, while the non-institutional investor category was subscribed 4.73 times. The qualified institutional buyers’ portion received bids 4.21 times the shares on offer.
Fusion CX IPO GMP Today
Ahead of the listing, the grey market premium (GMP) for the Fusion CX IPO stood at Rs 13.5, indicating an unlisted premium of 4.67 per cent. Based on the grey market premium, the shares were expected to list at Rs 302.5 against the issue price of Rs 289 per share.
Fusion CX IPO Allotment Status
Following the completion of the three-day IPO subscription window, the issue entered the allotment phase, during which shares were allotted to successful applicants.
About Fusion CX IPO
The Fusion CX IPO was a book-built issue worth Rs 702.00 crore. The issue comprised a fresh issue of 1.73 crore shares aggregating to Rs 500.00 crore and an offer for sale (OFS) of 69.90 lakh shares aggregating to Rs 202.00 crore.
The company fixed the final issue price at Rs 289 per share. The lot size was 51 shares, taking the minimum investment required for an individual retail investor to Rs 14,739.
About Fusion CX
Incorporated in 2004, Fusion CX Limited provides customer experience (CX) and business process solutions, offering multichannel customer support through voice, email, chat, social media and messaging.
The company also provides AI data infrastructure services, including data collection, data annotation, image and video labelling, and robotic teleoperations.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)