Fusion CX raises ₹315 crore from anchor book ahead of IPO
Of the 1,09,30,795 equity shares allotted to anchor investors, 85,08,703 shares, or 77.84 per cent, were allocated to six domestic mutual funds through 15 schemes
Fusion CX Ltd, a customer experience and AI data infrastructure services provider, has secured ₹315 crore in anchor investments ahead of its ₹702 crore IPO, as revealed in an exchange filing. This investment included participation from prominent domestic mutual funds, life insurance companies, and foreign portfolio investors. The anchor allocation comprised 109,30,795 equity shares, with 77.84% of these shares, or 85,08,703, allocated to anchor investors.
Six domestic mutual funds, such as Kotak Mahindra Mutual Fund and ICICI Prudential Mutual Fund, collectively acquired 85.84% of the anchor shares. Kotak Mahindra Life Insurance and Bengal Finance and Investment, backed by investor Ashish Kacholia, also received significant allocations in the anchor round. The IPO will commence for subscription on October 14 and conclude on October 16.
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