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IPO Open

Wed, Oct 14, 2026

IPO Close

Fri, Oct 16, 2026

Price Band

₹275 to ₹289

Market Cap*

₹4,172.01 Cr * on Upper Price

IPO Details

  • IPO Date
    14 to 16 Oct, 2026
  • Listing Date
    Thu, Oct 22, 2026 (T)
  • Face Value
    ₹1 per share
  • Price Band
    ₹275 to ₹289
  • Lot Size
    51 Shares
  • Sale Type
    Fresh capital cum OFS
  • Issue Type
    Bookbuilding IPO
  • Listing At
    BSE, NSE
  • Total Issue Size
    2,42,90,657 shares (agg. up to ₹702 Cr)
  • Fresh Issue
    1,73,01,038 shares (agg. up to ₹500 Cr)
  • Offer for Sale
    69,89,619 shares of ₹1 (agg. up to ₹202 Cr)
  • Share Holding Pre Issue
    12,70,59,295 shares
  • Share Holding Post Issue
    14,43,60,333 shares

IPO Timetable (Tentative)

  • IPO Open
    Wed, Oct 14, 2026
  • Allotment
    Mon, Oct 19, 2026
  • Credit of Shares
    Wed, Oct 21, 2026
  • IPO Close
    Fri, Oct 16, 2026
  • Refund
    Wed, Oct 21, 2026
  • Listing
    Thu, Oct 22, 2026

Issue Reservation

Investor Category Shares
QIB Not less than 75%
Retail Not more than 10%
NII Not more than 15%

IPO Lot Size

Investors can bid for a minimum of 51 shares and in multiples thereof.

Application Lots Shares Amount
Retail (Min) 1 51 ₹14,739
Retail (Max) 13 663 ₹1,91,607
S-HNI (Min) 14 714 ₹2,06,346
S-HNI (Max) 67 3417 ₹9,87,513
B-HNI (Min) 68 3468 ₹10,02,252

About Fusion CX Ltd.

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.

IPO Stock Quote & Charts

Company Financials (Restated Consolidated)

Fusion CX Ltd.’s revenue increased by 37% and profit after tax (PAT) rose by 129% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended 30 Jun 2026 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 1,367.85 1,385.15 1,143.25 768.02
Total Income 503.85 1,851.83 1,352.03 1,021.53
Profit After Tax 55.70 169.84 74.31 36.26
EBITDA 95.09 329.87 197.78 104.62
NET Worth 24.57 26.74 16.66 11.05
Reserves and Surplus 607.01 547.97 345.76 258.54
Total Borrowing 48.06 58.73 81.93 83.10

Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • Header
    Header
  • 1 Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by (i) Company; (ii) certain Subsidiaries (direct and certain step-down subsidiaries)
    275.70
  • 2 Investment in step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Pvt.Ltd., for upgrading IT tools i.e. Arya and MindVoice
    61.15
  • 3 Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
  • Total
    336.84

Key Performance Indicator (KPI)

Key Performance Indicator (KPI)

KPI Jun 30, 2026 Mar 31, 2026
ROE 8.99% 30.30%
ROCE 19.84% 71.59%
Debt/Equity 0.51 0.53
RoNW 9.12% 30.74%
PAT Margin 11.36% 9.34%
EBITDA Margin 20.03% 19.48%
NAV 48.35 43.73
P/B (x) 5.98 6.61

IPO Valuation

Valuation Metric Pre IPO Post IPO
EPS (₹) 13.37 15.43
P/E (x) 21.62 18.73
Market Cap at Offer Price ₹3,672.01 Cr. ₹4,172.01 Cr
  • The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2026 available in RHP.

Shareholding Structure

Category Pre IPO Post IPO
Promoter and Promoter Group 99.03% 81.82%
Public 0.97% 18.18%
Total 100% 100%

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

Offer For Sale – Selling Shareholders

Name Category Estimated Amount (₹ cr.)
P.N.S.Business Pvt.Ltd. Promoter 101.00
Rasish Consultants Pvt.Ltd. Promoter 101.00
Total 202.00

*Estimated Amount (₹ cr.) shown until the actual number of shares offered in OFS is entered.

Fusion CX IPO Recommendations

Review By Subscribe May Apply Neutral Avoid
Brokers 0 0 0 0
Members 0 0 0 0

📰 Fusion CX Ltd. – Useful Articles
  • ›The Fusion CX Story : From a Kolkata Café to a ₹1,818 Crore Global Business

IPO Registrar

Kfin Technologies Ltd.

IPO Lead Manager(s)

  1. Nuvama Wealth Management Ltd.
  2. IIFL Capital Services Ltd.
  3. Motilal Oswal Investment Advisors Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

Contact Details

Fusion CX Ltd. Address
Plot No. Y9, Block EP & GP,
Sector-5, Bidhan Nagar,
Salt Lake
Kolkata, West Bengal, 700091

IPO FAQs

Fusion CX IPO is a main-board IPO of 2,42,90,657 equity shares of the face value of ₹1 aggregating up to ₹702 Crores. The issue is priced at ₹275 to ₹289. The minimum order quantity is 51.

The IPO opens on Wed, Oct 14, 2026, and closes on Fri, Oct 16, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Angel One customers can apply online in Fusion CX IPO using UPI as a payment gateway. Angel One customers can apply in Fusion CX IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in Fusion CX IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘Fusion CX IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel One IPO Application Process Review for more detail.

The Fusion CX IPO opens on Wed, Oct 14, 2026 and closes on Fri, Oct 16, 2026.

Fusion CX IPO lot size is 51, and the minimum amount required for application is ₹14,739.

You can apply in Fusion CX IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Fusion CX IPO will be done on Monday, October 19, 2026, and the allotted shares will be credited to your demat account by Wed, Oct 21, 2026. Check the Fusion CX IPO allotment status.

The Fusion CX IPO listing date is not yet announced. The tentative date of listing is Thu, Oct 22, 2026.

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