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The Economic Times
The Economic Times
Business
Ritesh Presswala

Fusion CX IPO opens for subscription; GMP at 12%. Should you bid or skip?

GMP IPO Ashish Kacholia Anand Rathi Insurance

Fusion CX’s Rs 702-crore IPO has opened for subscription today, October 14, and will close on October 16. The issue comprises a fresh issue of shares worth Rs 500 crore and an offer for sale (OFS) of 69.90 lakh shares valued at Rs 202 crore.

The IPO is priced in the band of Rs 275–289 per share, with a lot size of 51 shares. At the upper end of the price band, retail investors will need Rs 14,739 to bid for one lot.

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