IPO: Fusion Micro Finance Public Offer Subscribed 12% On Day 1 Of Offer

Fusion Micro Finance: The offer has a price range of Rs 350-368 a share.

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.