Fusion CX IPO is a main-board book-built issue of ₹702.00 crore, comprising a fresh issue of ₹1.73 crore. Shares amounting to ₹500.00 crore. Offer for Sale (OFS) of 69.90 lakh shares aggregating to ₹202.00 crore. Bidding for the public offer will open on 14/10/2026 and close on 16/10/2026. The share allotment is expected to be finalized on October 19, 2026, with the commencement of provisional trading on 22/10/2026 on both the BSE & NSE stock exchanges.
The company has set the issue price band between ₹275 to ₹289 per share. Retail investors can participate by applying for a minimum lot size of 51 shares, which will require an initial investment of ₹14,739 at the upper end of the price range. Nuvama Wealth Management Limited is acting as the lead book-running manager to the issue, while Kfin Technologies Limited is acting as the official registrar.

Fusion CX IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| Fusion CX | Mon, Oct 19, 2026 | Thu, Oct 22, 2026 | https://ipostatus.kfintech.com/ |
Fusion CX IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 14 to 16 Oct, 2026 |
| Listing Date | Thu, Oct 22, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹275 to ₹289 |
| Lot Size | 51 Shares |
| Sale Type | Fresh capital cum OFS |
| 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) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 12,70,59,295 shares |
| Share Holding Post Issue | 14,43,60,333 shares |
Fusion CX IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Wed, Oct 14, 2026 |
| IPO Close Date | Fri, Oct 16, 2026 |
| Tentative Allotment | Mon, Oct 19, 2026 |
| Initiation of Refunds | Wed, Oct 21, 2026 |
| Credit of Shares to Demat | Wed, Oct 21, 2026 |
| Tentative Listing Date | Thu, Oct 22, 2026 |
Fusion CX Lot Size Details
| 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 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not less than 75% |
| NII | Not more than 15% |
| Retail | Not more than 10% |
Fusion CX IPO GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 12-Oct 10:37 | ₹289 | ₹18 (6.23%) ▼ | ₹307 | ₹918 |
| 11-Oct 21:37 | ₹289 | ₹22 (7.61%) ▼ | ₹311 | ₹1,122 |
| 10-Oct 23:37 | ₹289 | ₹53 (18.34%) ▼ | ₹342 | ₹2,703 |
| 9-Oct 23:37 | ₹289 | ₹55 (19.03%) ─ | ₹344 | ₹2,805 |
Overview of Fusion CX
Founded in 2004, Fusion CX Limited is a worldwide provider of business process management and customer experience (CX) solutions. Fusion CX supports today’s businesses to engage with their customers effortlessly through a variety of digital channels such as voice, email, live chat, messenger apps, and social media.
In addition to its core customer engagement offerings, Fusion CX has developed a robust end-to-end portfolio of AI data infrastructure services. These encompass data annotation, data collection, image/video labelling, and robotic teleoperations.
Technology-Led Customer Engagement
Fusion CX combines the best of humans with innovative proprietary AI technology to automate customer interactions, optimize operations, and provide personalized, multi-lingual support. The company is actively building next-generation AI tools through its highly focused subsidiary, Omind Technologies, which is working on the following:
- Conversational AI & Smart Marketing
- Automated Quality Assurance
- Workforce Management Platforms
Global Footprint & Client Base
As of June 30, 2026, Fusion CX has established a solid global delivery framework designed to support international enterprises:
- Global Delivery Network: 13 countries of operation with a total of 40 strategic delivery centres.
- Multilingual Capabilities: 28 different languages. Worked for clients and end-users.
- Enterprise Client Portfolio: Serving 208 global customers, including 22 of the Fortune 1000 firms.
- Core Verticals: Offers solutions for the wide spectrum of high-growth industries like Telecom & Utilities, Healthcare & Life Sciences, and High tech, BFSI, Travel, and Retail.
Key Competitive Strengths
- Global Delivery Footprint: A well-distributed presence across 13 nations ensures seamless, round-the-clock (24/7) support across different time zones.
- Proprietary AI Integration: Continuous innovation in AI-driven tools enables faster resolution times and higher operational productivity.
- Strategic M&A Capabilities: A strong track record of successfully integrating acquisitions to expand service capabilities and enter new markets.
- Balanced Revenue Diversification: Serves a wide spectrum of industries, mitigating sector-specific risks and economic cycles.
- Customized, Omnichannel Focus: Delivers tailored, multi-touchpoint customer communication tailored to specific regional and cultural needs.
- Seasoned Leadership: Guided by experienced promoters, an independent Board, and an expert executive team with deep technology domain knowledge.
Company Financials
Fusion CX Financial Information (Restated Standalone)
| 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 | 610.84 | 552.46 | 354.58 | 270.15 |
| Reserves and Surplus | 607.01 | 547.97 | 345.76 | 258.54 |
| Total Borrowing | 238.13 | 266.86 | 306.73 | 210.61 |
Key Performance Indicator (KPI)
The market cap. of Fusion CX IPO is for Pre IPO ₹3,672.01 Cr., & for Post IPO ₹4,172.01 Crores.
KPI as of Jun 30, 2026, & Mar 31, 2026
| 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 |
| Price to Book Value | 5.98 | 6.61 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 13.37 | 15.43 |
| P/E (x) | 21.62 | 18.73 |
| Company Promoters: | Pankaj Dhanuka, Kishore Saraogi, P N S Business Pvt.Ltd. and Rasish Consultants Pvt.Ltd.. | |
| Promoter and Promoter Group | 99.03% | 81.82% |
| Public | 0.97% | 18.18% |
| Total | 100% | 100% |
Offer For Sale – Selling Shareholders
| Name | Category | Estimated Amount |
|---|---|---|
| P.N.S. Business Pvt. Ltd. | Promoter | ₹101.00 cr. |
| Rasish Consultants Pvt.Ltd. | Promoter | ₹101.00cr. |
| Total | ₹202.00 cr. |
Fusion CX IPO Objectives
| Issue Objects | Est Amt (₹ 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) | 275.70 |
| Investment in step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Pvt.Ltd., for upgrading IT tools i.e. Arya and MindVoice | 61.15 |
| Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | |
| Total | 336.84 |
Fusion CX IPO Contact Details
- Fusion CX Ltd. Address
- Plot No. Y9, Block EP & GP,
- Sector-5, Bidhan Nagar,
- Salt Lake
- Kolkata, West Bengal, 700091
- 033 4508 6520
- secretarial@fusioncx.com
- Website: https://www.fusioncx.com/
Fusion CX IPO Registrar
Kfin Technologies Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 040-79615565 |
| Email: | fusion.ipo@kfintech.com |
| Website: | https://ipostatus.kfintech.com/ |
Fusion CX IPO FAQs
When Fusion CX IPO become available?
The IPO will open on Wed, Oct 14, 2026.
What is the minimum lot size for the Fusion CX IPO?
The minimum lot size is 51 shares.
When will the shares for the Fusion CX IPO be allotted?
The allotment is expected to be finalized on Mon, Oct 19, 2026
What is the expected listing date for the Fusion CX IPO?
The tentative listing date is Thu, Oct 22, 2026.
How can I apply for the Fusion CX IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
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