Ashish Kacholia, Kotak Life lead Fusion CX’s Rs 315-crore anchor book ahead of Rs 702-crore IPO

What happened: Fusion CX raised Rs 315 crore from anchor investors ahead of its Rs 702-crore IPO. The issue opens on October 14 and closes on October 16. Key numbers: Rs 315 crore anchor book, Rs 702-crore IPO, opens October 14, closes October 16. Why it matters: Anchor participation included Ashish Kacholia and Kotak Mahindra Life Insurance. Swastika Investmart assigned a Neutral rating, citing valuations and limited scope for re-rating.

Fusion CX raised Rs 315 crore from anchor investors ahead of its Rs 702-crore IPO. The issue opens on October 14 and closes on October 16.

Anchor participation included Ashish Kacholia and Kotak Mahindra Life Insurance. Swastika Investmart assigned a Neutral rating, citing valuations and limited scope for re-rating.