Fusion CX IPO, May 27 -- Customer experience service provider Fusion CX has filed its draft red herring prospectus (DRHP) with stock market regulator Securities and Exchange Board of India (SEBI) for a Rs.1,000 crore initial public offering (IPO).

Fusion CX IPO is a mix of fresh share sale of up to Rs.600 crore and offer for sale (OFS) of up to Rs.400 crore. PNS Business Private Limited and Rasish Consultants Private Limited are the promoter selling shareholders in the IPO.

75% of Fusion CX IPO is earmarked for the qualified institutional buyers (QIBs) while 15% is allocated to non-institutional investors (NIIs) and the remaining 10% is reserved for retail investors.

The company plans to use the IPO proceeds for repayment of certain ou...