Fusion Micro Finance makes muted debut; lists at 2% discount
The ₹1,104 crore IPO of Fusion Micro Finance was subscribed 2.95 times; the issue had a price band of ₹350-₹368 per share
The ₹1,104 crore IPO of Fusion Micro Finance was subscribed 2.95 times; the issue had a price band of ₹350-₹368 per share
Archean Chemical Industries is the fifth company, after DCX Systems, Fusion Micro Finance, Global Health (Medanta), and Bikaji Foods, to launch IPO this month.
Ahead of the IPO, Fusion Micro Finance has raised around ₹331 crore from 17 anchor investors by allotting 89,99,943 equity shares at the upper end of issue price at ₹368 apiece