The initial public offering (IPO) of Fusion CX witnessed healthy investor demand, with the issue subscribed 4.45 times by the close of the third day of bidding. Investors placed bids for 6,24,64,035 shares against the 1,40,40,000 shares on offer or 4.45 times the shares on offer, according to data from the National Stock Exchange (NSE).
The issue is commanding a grey market premium (GMP) of around 8%, suggesting expectations of potential listing gains over the issue price. However, grey market trends are unofficial and do not guarantee the stock’s actual listing performance.
