Startups & IPOs
Fusion CX lists at ₹305 on NSE, 5.5% above its ₹289 IPO price
The ₹702 crore IPO was 3.03 times subscribed; shares eased slightly after the open.
Fusion CX shares made a modest debut on Thursday. They opened at ₹305 on NSE, 5.54% above the IPO price of ₹289, and at ₹292 on BSE, a 1.04% premium, HDFC Sky reported. By 10:23 am the NSE price was ₹302.10, 4.53% above the issue price.
The ₹702 crore issue had ₹500 crore of new shares and ₹202 crore sold by existing holders. It was 3.03 times subscribed in total: retail investors 5.80 times, HNIs 4.62 times and institutions 2.34 times. A listing price is simply the first traded price of the day, set in a special pre-open session from all the buy and sell orders collected.
Worked example: one lot was 51 shares, costing ₹14,739 at ₹289. At ₹302.10 that lot is worth ₹15,407, a gain of about ₹668 before brokerage and taxes. Note that NSE and BSE opening prices can differ, as they did here by ₹13.
Key takeaway: a 3x subscription produced a single-digit listing gain, a reminder that subscription numbers and grey-market talk don't guarantee big first-day gains.
A steady but small listing gain tempers expectations for the five other mainboard IPOs listing this week and next, including Jio and Paras on 28 October.
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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