 "IPO, initial public offering")
The initial public offer (IPO) of Fusion microfinance was subscribed by 3 times on Friday, the second of the issue. The institutional investor portion was subscribed by 8.6 times, the wealthy investor portion was subscribed by 1.38 times, and the retail investor portion by 0.5 times. The Rs 1,103.99 crore IPO was priced between Rs 350 to 368 per share. Earlier in the week the company allotted shares worth Rs 331 crore to 17 anchor investors. The company provides financial services to women entrepreneurs belonging to the economically and socially deprived sections.
Global Health IPO subscribed 36 per cent on
