Fusion CX shares list at 5.5% premium over IPO price on NSE
The stock debuted at ₹292, marking a 1.04% premium on the BSE, while it opened at ₹305 apiece, up by 5.54% on the NSE
Fusion CX Ltd, an AI-powered customer experience solutions provider, successfully listed on the NSE on Thursday at a 5.5% premium over its issue price of ₹289. The stock opened at ₹305 on the NSE, marking a 5.54% increase, while trading at ₹292 on the BSE, representing a 1.04% premium. Following the debut, Fusion CX's market capitalisation reached ₹4,310.60 crore on the NSE and ₹4,340.19 crore on the BSE.
Despite the broader equity market performing poorly, with the BSE Sensex dropping 139.42 points (0.19%) to 73,570.27 and the NSE Nifty declining 61.75 points (0.27%) to 22,749.60, the initial public offering garnered a remarkable 4.45 times subscription on the final bidding day. The ₹702-crore IPO had a price band of ₹275-289 per share, with proceeds earmarked for debt repayment, investments in IT upgrades, acquisitions, and strategic initiatives.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
