Shares of Fusion CX listed at 5.54% premium over IPO price on Thursday. The stock opened at Rs 305 on the NSE amd Rs 292 on the BSE as comapred to its issue price of Rs 289.
Fusion CX raised Rs 702 crore through its book-built IPO, comprising a fresh issue of 1.73 crore shares worth Rs 500 crore and an offer for sale (OFS) of 69.90 lakh shares aggregating to Rs 202 crore. While the proceeds from the fresh issue will go to the company, the OFS proceeds will accrue to the selling shareholders. The IPO was priced in the range of Rs 275–Rs 289 per share, with a lot size of 51 shares.
