Fusion Micro Finance IPO receives 12% subscription on Day 1 of offer ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 24
The initial public offering of Fusion Micro Finance was subscribed 12 per cent on the first day of subscription on Wednesday. The IPO received bids for 26,04,560 shares against 2,13,75,525 shares on offer, according to an update on the NSE. The non-institutional investors category received 23 per cent subscription and Retail Individual Investors (RIIs) portion was subscribed 14 per cent. The Initial Public Offering (IPO) has a fresh issue of up to Rs 600 crore and an offer for sale of up to 1,36,95,466 equity shares. The offer has a price range of Rs 350-368 a share. Fusion Micro Finance on Tuesday said it has raised a little over Rs 331 crore from anchor investors. The company is expected t

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