Fusion CX sets price band for Rs 702 crore IPO; issue opens on October 14

What happened: Fusion CX set a price band of Rs 275 to Rs 289 per share for its Rs 702 crore IPO, which opens on October 14. The issue has a fresh issue of 1.73 crore shares and an OFS of 69.90 lakh shares. Key numbers: Fresh issue Rs 500 crore, OFS Rs 202 crore, lot size 51 shares, minimum retail investment Rs 14,739. Why it matters: The IPO proceeds include Rs 29.19 crore to repay or prepay certain borrowings of the company and its subsidiaries. Nuvama Wealth Management is the book-running lead manager and KFin Technologies is the registrar.

Fusion CX set a price band of Rs 275 to Rs 289 per share for its Rs 702 crore IPO, which opens on October 14. The issue has a fresh issue of 1.73 crore shares and an OFS of 69.90 lakh shares.

The IPO proceeds include Rs 29.19 crore to repay or prepay certain borrowings of the company and its subsidiaries. Nuvama Wealth Management is the book-running lead manager and KFin Technologies is the registrar.