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Listen to this article in summarized format Promoter selling shareholders PNS Business and Rasish Consultants completed secondary share transfers of more than 41.52 lakh equity shares at Rs 289 apiece earlier this month, totalling Rs 120 crore for a 3.19% stake in the company. Kotak Mahindra Life Insurance acquired 17.30 lakh shares worth Rs 50 crore, while Ashish Kacholia purchased 12.1 lakh shares worth Rs 35 crore in his personal capacity as well as through his firm Bengal Finance and Investment. Mukul Agrawal-backed Sanshi Fund picked up 8.65 lakh shares worth Rs 25 crore. Also read | Fusion CX sets price band for Rs 702 crore IPO; issue opens on October 14 Fusion CX IPO: Key things to know Fusion CX is set to launch its Rs 702 crore initial public offering (IPO) this week at a price band of Rs 275–289 per share. The maiden public issue of the company, which will open on October 14 and close on October 16, comprises a fresh issue of 1.73 crore shares worth Rs 500 crore and an offer for sale (OFS) of 69.90 lakh shares aggregating Rs 202 crore. The share allotments for the Fusion CX IPO are expected to be finalised on October 19, and the company's shares are scheduled to list on the BSE and NSE on October 22. The IPO has a lot size of 51 shares, requiring a minimum investment of Rs 14,739 for retail investors applying at the upper end of the price band. Fusion CX plans to utilise Rs 275 crore from the IPO proceeds to repay or prepay, in full or in part, certain outstanding borrowings of the company and its subsidiaries, including select step-down subsidiaries. Additionally, Rs 61 crore will be invested in its step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Private Limited, to upgrade IT tools, including Arya and MindVoice. The remaining proceeds will be utilised for pursuing inorganic growth through unidentified acquisitions and for general corporate purposes. India's IPO market this week Fusion CX is among the Rs 1,572 crore worth of IPOs opening this week. Two other mainboard IPOs that will open on Dalal Street this week include HD Fire Protect and Sahajanand Medical Technologies. HD Fire Protect will open its Rs 712 crore IPO on October 13 and close it on October 15. The issue is entirely an offer for sale of 2.63 crore shares, which means the company will not receive any money from the IPO. The price band has been fixed at Rs 258-271 per share, with a lot size of 55 shares. At the upper end, the company will command a market capitalisation of about Rs 4,749 crore. The stock is expected to list on October 21. Sahajanand Medical Technologies will open its IPO on October 15 and close it on October 19. The issue is entirely an offer for sale of 2.76 crore shares. The price band and final issue size are yet to be announced. The allotment is expected on October 21, and the stock is scheduled to list on October 23. Also read | IPO calendar: After a week of lull, 5 companies to raise nearly Rs 1,600 crore this week Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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