, a provider of customer experience and AI data infrastructure services, has raised ₹315 crore from anchor investors at ₹289 per equity share ahead of its ₹702 crore , according to an exchange filing.
The anchor allocation included domestic mutual funds such as Kotak Mahindra Mutual Fund, ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, Quant Mutual Fund, ITI Mutual Fund and JM Financial Mutual Fund, besides Kotak Mahindra Life Insurance, Bengal Finance and Investment Pvt Ltd, and foreign portfolio investors.
Of the 1,09,30,795 equity shares allotted to anchor investors, 85,08,703 shares, or 77.84 per cent, were allocated to six domestic mutual funds through 15 schemes.
Kotak Mahindra Life Insurance acquired 5,19,027 shares worth ₹15 crore, taking its total investment in Fusion CX to ₹65 crore. The insurer had recently invested ₹50 crore through a secondary transaction.
Similarly, Bengal Finance and Investment, backed by investor Ashish Kacholia, acquired 6,92,019 shares worth ₹20 crore in the anchor allocation, taking his total investment in the company to ₹55 crore. Kacholia had invested ₹35 crore through a secondary transaction announced on October 11.
Foreign investors participating in the anchor allocation included Loomis Sayles Global Emerging Markets Equity Fund, managed by Natixis Investment Managers, and Meru Investment Fund PCC-Cell 1.
The IPO will open for subscription on Wednesday, October 14, and close on Friday, October 16.