India’s primary market will see two IPOs open for subscription next week, with Fusion CX Ltd and HD Fire Protect Ltd aiming to raise a combined ₹1,414 crore. Fusion CX, an AI-powered customer experience solutions provider, plans to raise ₹702 crore through a mix of fresh issue and offer for sale (OFS). HD Fire Protect, a fire protection equipment manufacturer, is raising ₹712.13 crore entirely through OFS. The subscription window opens on October 13 and closes on October 15, according to livemint.com.
HD Fire Protect’s IPO price band is fixed between ₹258 and ₹271 per share, with a grey market premium (GMP) currently at ₹75, suggesting an estimated listing price of around ₹346 per share. The GMP has remained stable over the past five sessions, indicating steady market sentiment. Fusion CX’s IPO details include a combination of fresh issuance and OFS, targeting investors interested in technology-led customer experience solutions, per livemint.com.
These IPOs offer investors exposure to two distinct sectors: fire safety systems and AI-driven customer experience technologies. HD Fire Protect’s IPO is notable for its entirely OFS structure, while Fusion CX’s fresh issue component highlights capital raising for growth. The combined ₹1,414 crore target places these offerings among significant public market entries this quarter, reflecting ongoing investor interest in both traditional manufacturing and tech-enabled services in India, according to livemint.com.
The subscription period for both IPOs will run from October 13 to October 15. Market participants will watch the listing performance closely, with HD Fire Protect’s GMP suggesting a strong debut. The companies’ filings and subscription updates will be available on official stock exchange platforms and regulatory disclosures, as reported by livemint.com.