From mint · Dhanya Nagasundaram · · 1m 50s
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.
In brief
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 ₹1,414 crore combined with stable grey market premiums of +75 and +53 respectively. Originally reported by mint.
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.
The main idea
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.
