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Home › IPOs › Fusion CX Ltd
FU
Fusion CX Ltd
CLOSED NSE & BSE Bookbuilding IPO Fresh capital cum OFS Fusion CX IPO GMP
GREY MARKET PREMIUM
₹ + 17
+6% expected return
EST. LISTING PRICE
₹306
Issue Price: ₹ 289
Issue Price
₹289
Face Value
₹1
Lot Size
51 shares
IPO Size
Agg. upto ₹702 Cr
Open Date
14 Oct 2026
Close Date
16 Oct 2026
Allotment
19 Oct 2026
Listing Date
22 Oct 2026
Exchange
NSE & BSE
Fusion CX IPO About the Company

Incorporated in 2004, Fusion CX Limited is a customer experience (CX) and business process solutions provider offering multichannel customer support through voice, email, chat, social media and messaging. The company also provides AI data infrastructure services, including data collection, data annotation, image and video labelling, and robotic teleoperations.

Fusion CX combines human expertise with technology and proprietary AI tools to deliver multilingual, omnichannel customer engagement, improve operational efficiency and automate customer interactions. Through its subsidiary, Omind Technologies, the company is developing AI-powered solutions for marketing, conversational AI, quality automation and workforce management.

As of June 30, 2026, Fusion CX operated 40 delivery centres across 13 countries, supported customers in 28 languages and served 208 customers, including 22 Fortune 1000 companies. Its key industry verticals include telecom and utilities, healthcare and life sciences, high-tech and travel, banking, financial services and insurance (BFSI), and retail.

Key Strengths

  • Global Delivery Network: Operates 40 delivery centres across 13 countries, enabling round-the-clock customer support across multiple time zones.
  • AI-Driven Technology: Invests in proprietary AI tools and platforms to enhance customer engagement, automate processes and improve operational efficiency.
  • Proven Acquisition Track Record: Has experience acquiring and integrating businesses to expand service offerings, customer relationships and growth opportunities.
  • Diversified Industry Presence: Serves multiple industries, including telecom and utilities, healthcare, BFSI, retail, high-tech and travel.
  • Customer-Centric Approach: Offers tailored, multilingual and omnichannel solutions to meet diverse customer requirements.
  • Experienced Management Team: Benefits from experienced promoters, a diverse Board and management with industry knowledge, supported by a skilled workforce.
...read more
Fusion CX IPO Objects of the Issue
Purpose Amount (₹ Cr)
Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by (i) Company; (ii) certain Subsidiaries (direct and certain step-down subsidiaries) ₹276
Investment in step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Pvt.Ltd., for upgrading IT tools i.e. Arya and MindVoice ₹61
Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes —
Fusion CX IPO Lead Managers
Nuvama Wealth Management Ltd IIFL Capital Services Ltd Motilal Oswal Investment Advisors Ltd.
Financial Summary Amount in ₹ Crore
Metric 30 Jun 2026 31 Mar 2026 31 Mar 2025
Total Assets 1,368 1,385 1,143
Revenue 504 1,852 1,352
PAT 56 170 74
EBITDA 95 330 198
Net Worth 25 27 17
Reserves 607 548 346
Total Borrowing 48 59 82
Fusion CX IPO Key Financial Ratios
ROE
9
ROCE
20
RONW
9
PAT Margin
11
EBITDA Margin
20
Debt/Equity
1
P/BV
6
Issue Details
Total Shares Offered
13,359,861
Pre-Issue Shareholding
127,059,295 shares
Post-Issue Shareholding
144,360,333 shares
IPO Size
Agg. upto ₹702 Cr
IPO Analytics Dashboard
LIVE
Fusion CX IPO GMP Insights
📊
Valuation
Good
Fusion CX IPO GMP Strength Score
6 / 10 Moderate
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
Fusion CX IPO Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
🏦 QIB 0.05 7,287,197 363,630
💼 NII / HNI 1.53 3,643,598 5,561,448
👤 Retail (RII) 3.92 2,429,066 9,524,505
Σ Total 1.16 13,359,861 15,449,583

* Amount calculated at upper price band (₹289) ·  ** Total includes all investor categories

Fusion CX IPO Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 1
Shares / Lot 51
Min. Investment 14,739
💼 HNI Investors ?
Min. Lots 68
Min. Shares 3,468
Min. Investment 1,002,252
Fusion CX IPO Valuation — EPS & P/E Pre & post-issue metrics
Pre-Issue EPS ?
₹ 13
Post-Issue EPS ?
₹ 15
Pre-Issue P/E ?
22 x
Post-Issue P/E ?
19 x
Fusion CX IPO Timeline & Key Dates
  1. 1 💳 Initiation of Refund 21 Oct 2026
  2. 2 📂 Credit of Shares to Demat 21 Oct 2026
  3. 3 🔒 Lock-in Period (30%) Wed, Nov 18, 2026
  4. 4 🔒 Lock-in Period (50%) Sun, Jan 17, 2027
Investor Interpretation
  • The IPO P/E of 19x reflects a good valuation relative to typical market ranges.
  • Pre-issue EPS of ₹13 compares to post-issue EPS of ₹15 after dilution.

This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.

Fusion CX IPO Company Info
📍 Plot No. Y9, Block EP & GP, Sector-5, Bidhan Nagar, Salt Lake Kolkata, West Bengal, 700091
Visit Website
Fusion CX IPO Registrar
Kfin Technologies Ltd
Check Allotment Status
Fusion CX IPO FAQs
The latest GMP of Fusion CX IPO is ₹17 (+6% of issue price), which points to an estimated listing price of around ₹306. GMP is an unofficial grey-market indicator and can change anytime — it is not a guarantee of listing gains.
The issue price of Fusion CX IPO is ₹289 per share. One lot has 51 shares, so the minimum investment is about ₹14,739. The total IPO size is up to ₹702 Cr. It is a Fresh capital cum OFS issue.
Fusion CX IPO opened on 14 Oct 2026 and closed on 16 Oct 2026. Allotment is tentatively expected on 19 Oct 2026. Shares are proposed to be listed on NSE & BSE on 22 Oct 2026.
Incorporated in 2004, Fusion CX Limited is a customer experience (CX) and business process solutions provider offering multichannel customer support through voice, email, chat, social media and messaging.
As per the offer document, Fusion CX plans to use the IPO proceeds for: Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by (i) Company; (ii) certain Subsidiaries (direct and certain step-down subsidiaries) (₹276); Investment in step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Pvt.Ltd., for upgrading IT tools i.e. Arya and MindVoice (₹61); Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
The lead managers of Fusion CX IPO are Nuvama Wealth Management Ltd, IIFL Capital Services Ltd, Motilal Oswal Investment Advisors Ltd..
Fusion CX IPO is proposed to list on NSE & BSE; it is a Bookbuilding IPO and the issue is a Fresh capital cum OFS.
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