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The Economic Times

Business

Ritesh Presswala

Fusion CX IPO Day 2: Issue fully subscribed at 1.1x; GMP at 12%. Check key details

IPO Anand Rathi Artificial Intelligence Ashish Kacholia Master Capital Services

Fusion CX IPO received decent demand from investors on the second day of subscription. The issue received bids for 1,54,32,498 shares against 1,40,40,000 shares on offer, resulting in an overall subscription of 1.10 times, according to NSE data.

The issue is commanding a grey market premium (GMP) of around 12%. The premium indicates expectations of a potential listing gain over the issue price, although grey market trends are unofficial and do not guarantee listing performance.

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