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Fusion CX Ltd IPO

Listed Mainboard BSE, NSE Bookbuilding IPO
Min Investment
₹14,739
51 shares · 1 lot

Fusion CX Ltd IPO was priced at ₹275–₹289 per share with an issue size of ₹702 crore. The IPO opened on Oct 14, 2026 and closed on Oct 16, 2026, with a lot size of 51 shares and a minimum investment of ₹14,739.

Open
14 Oct
Close
16 Oct
Allotment
19 Oct
Refund
21 Oct
Listing
22 Oct

Market Sentiment

Grey Market Premium

Full history →
+₹17.00 +5.9%
Est. listing: ₹306
Updated 21 Oct 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹275.00 - ₹289.00 per share
Lot Size51 shares
Min Investment₹14,739
Total Issue Size ₹702.00 crore
Shares Offered2,42,90,657
Issue Structure Fresh Issue + Offer for Sale
Issue TypeBookbuilding IPO
Lead Manager(s)Nuvama Wealth Management Ltd., IIFL Capital Services Ltd., Motilal Oswal Investment Advisors Ltd.
RegistrarKfin Technologies Ltd.
Listing AtBSE, NSE

Quick Profit Calculator

Issue price ₹289 · lot size 51 shares · estimated listing price ₹306 (GMP +₹17)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 51 ₹14,739 ₹15,606 +₹867
Retail (Max) 13 663 ₹1,91,607 ₹2,02,878 +₹11,271
S-HNI (Min) 14 714 ₹2,06,346 ₹2,18,484 +₹12,138
S-HNI (UPI limit) 33 1,683 ₹4,86,387 ₹5,14,998 +₹28,611
S-HNI (Max) 67 3,417 ₹9,87,513 ₹10,45,602 +₹58,089
B-HNI (Min) 68 3,468 ₹10,02,252 ₹10,61,208 +₹58,956
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹13.37
P/E (Post)
18.73 x
RoNW
9.12%
RoCE
19.84%
Net Worth
₹610.84 Cr
MetricLatest Reported
Total Income₹503.85 Cr
Profit After Tax₹55.70 Cr
Net Worth₹610.84 Cr

Promoters & Holding

Promoters: Pankaj Dhanuka, Kishore Saraogi, P N S Business Pvt.Ltd., Rasish Consultants Pvt.Ltd.

Promoter Holding (Pre-Issue)99.03%
Promoter Holding (Post-Issue)81.82%

Strengths & Risks

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.

Risks & Concerns

  • Dependence on key customers for a significant portion of revenue.
  • Intense competition in the customer experience and business process solutions industry.
  • Potential challenges in integrating acquired businesses.
  • Economic downturns affecting customer spending on services.
  • Regulatory changes impacting operations in different countries.
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

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.

Operates 40 delivery centres across 13 countries, supported customers in 28 languages and served 208 customers, including 22 Fortune 1000 companies.

Founded2004
HeadquartersKolkata, West Bengal
IndustryCustomer Experience and Business Process Solutions
Websitehttps://www.fusioncx.com/

Objects of the Issue

  • Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by (i) Company; (ii) certain Subsidiaries (direct and certain step-down subsidiaries)
  • Investment in step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Pvt.Ltd., for upgrading IT tools i.e. Arya and MindVoice
  • Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

Registrar & Allotment

RegistrarKfin Technologies Ltd.
Phone040-79615565
Email[email protected]

Resources & Documents

Frequently Asked Questions

11 answers about Fusion CX Ltd IPO — dates, pricing, allotment and listing.

Fusion CX Ltd IPO is a bookbuilding ipo of ₹702 crore. The issue was priced at ₹275–₹289 per share, with a lot size of 51 shares. Bidding ran from Wed, 14 Oct 2026 to Fri, 16 Oct 2026, with shares listed on BSE and NSE.

The price band was ₹275–₹289 per share.

One lot was 51 shares. Bids had to be placed in multiples of 51.

A retail investor needed at least ₹14,739 – one lot of 51 shares at ₹289, the upper end of the price band.

Fusion CX Ltd IPO opened on Wed, 14 Oct 2026 and closed on Fri, 16 Oct 2026.

Allotment was finalised on Mon, 19 Oct 2026.

Fusion CX Ltd shares were listed on Thu, 22 Oct 2026 on BSE and NSE.

The company intended to use the net proceeds towards repayment/prepayment, in full or in part, of certain outstanding borrowings availed by (i) company; (ii) certain subsidiaries (direct and certain step-down subsidiaries), investment in step-down subsidiaries, omind technologies inc. and omind technologies pvt.ltd., for upgrading it tools i.e. arya and mindvoice and pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

Nuvama Wealth Management Ltd., IIFL Capital Services Ltd. and Motilal Oswal Investment Advisors Ltd. are the book running lead managers. Kfin Technologies Ltd is the registrar to the issue.

Category-wise demand from retail, NII and QIB bidders is on the Fusion CX Ltd IPO subscription page, and on the BSE and NSE websites.

From Mon, 19 Oct 2026, check the Fusion CX Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.