# IPO GMP compared: Fusion CX vs HD Fire Protect

> HD Fire Protect and Fusion CX IPOs target ₹1,414 crore with stable grey market premiums.
- Title: IPO GMP compared: Fusion CX vs HD Fire Protect · mint
- Summary: HD Fire Protect and Fusion CX IPOs target ₹1,414 crore with stable grey market premiums. HD Fire Protect and Fusion CX will launch IPOs next week, seeking…
- Keywords: hd fire protect, fusion cx, ipo, grey market premium, stock market, india, sebi, money, business, GMP, compared, Fusion
- Source: mint — https://livemint.com/market/ipo/ipo-gmp-compared-fusion-cx-vs-hd-fire-protect-open-close-dates-issue-key-details-11791700996759.html
- Author: Dhanya Nagasundaram
- Published: 2026-10-11T07:43:07+00:00
- Read time: 1 min
- Topics: hd fire protect, fusion cx, ipo, grey market premium, stock market, india, sebi, money, business
## IPO Launches Next Week
HD Fire Protect and Fusion CX will launch IPOs next week seeking a combined ₹1,414 crore.
## HD Fire Protect Issue Details
HD Fire Protect’s ₹712.13-crore issue is entirely an offer for sale with a price band of ₹258, ₹271 per share.
## HD Fire Protect Subscription Dates
The issue opens on 13 October and closes on 15 October with anchor investor bidding on 12 October.
## HD Fire Protect GMP Today
HD Fire Protect IPO GMP today is +75, indicating an estimated listing price of ₹346 (27.68% higher than issue price).
## Fusion CX Issue Details
Fusion CX aims to raise ₹702 crore through a fresh issue and an offer for sale with a price band of ₹275, ₹289 per share.
## Fusion CX Subscription Dates
The issue opens on 14 October and closes on 16 October with anchor investor bidding on 13 October.
## Fusion CX GMP Today
Fusion CX IPO GMP today is +53, indicating an estimated listing price of ₹342 (18.34% higher than issue price).
## Fusion CX Use of Proceeds
Fusion CX plans to use ₹275 crore from fresh issue to repay debt and invest ₹61 crore in IT tools.
## Fusion CX Acquisitions
Fusion CX has acquired six businesses across the US, Australia, and Belize over the past three years.
## Market Capitalization
At the upper end of the price band, HD Fire Protect is valued at ₹4,750 crore while Fusion CX at ₹4,170 crore.
## Key takeaway

HD Fire Protect and Fusion CX will launch IPOs next week, seeking ₹1,414 crore combined with stable grey market premiums of +75 and +53 respectively.