Fusion CX IPO Details
| IPO Open Date | October 14, 2026 |
| IPO Close Date | October 16, 2026 |
| Face Value | ā¹1 Per Equity Share |
| IPO Price Band | ā¹275 to ā¹289 Per Share |
| Issue Size | Approx ā¹702.00 Crores |
| Fresh Issue | Approx ā¹500 Crores |
| Offer for Sale: | Approx 69,89,619 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Fusion CX IPO Review & Key Points
- Review:
Fusion CX IPO Market Lot
The Fusion CX IPO minimum market lot is 51 shares with ā¹14,739 application amount. The retail investors can apply up-to 13 lots with 3,653 shares of ā¹1,93,609 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 51 | ā¹14,739 |
| Retail Maximum | 13 | 663 | ā¹1,91,607 |
| S-HNI Minimum | 14 | 714 | ā¹2,06,346 |
| S-HNI Maximum | 67 | 3417 | ā¹9,87,513 |
| B-HNI Minimum | 68 | 3468 | ā¹10,02,252 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
Fusion CX IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Fusion CX IPO Dates
The Fusion CX IPO date is October 14 and the close date is October 16. The Fusion CX IPO allotment will be finalized on October 19 and the IPO listing on October 22.
| IPO Open Date: | October 14, 2026 |
| IPO Close Date: | October 16, 2026 |
| Basis of Allotment: | October 19, 2026 |
| Refunds: | October 21, 2026 |
| Credit to Demat Account: | October 21, 2026 |
| IPO Listing Date: | October 22, 2026 |
Promoters and Holding Pattern
The promoters of the company are Pankaj Dhanuka, Kishore Saraogi, P N S Business Pvt.Ltd. and Rasish Consultants Pvt.Ltd.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | – | 99.03% | – | 81.82% |
| Others* | – | 0.97% | – | 18.18% |
| Total | 12,70,59,295 | 100% | 14,43,60,333 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by (i) Company; (ii) certain Subsidiaries (direct and certain step-down subsidiaries) | ā¹275.70 |
| Investment in step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Pvt.Ltd., for upgrading IT tools i.e. Arya and MindVoice | ā¹61.15 |
| Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | ā¹- |
About Fusion CX
Fusion CX is one of the well-known customer experience (āCXā) service-providing companies. They are famous for offering high-end, complex, and integrated CX services across multiple channels, including voice, email, chat, social media, and messaging. Fusion CX offers a wide range of services, including customer acquisition, customer service, order fulfillment support, payment and collections services, customer retention, technical support, and digital solutions.
Its services tailored to serve a wide range of industries such as telecom and utilities, healthcare and life sciences, hi-tech and technology (HTT), banking and finance (BFSI), and retail, and it has established a strong presence in these sectors. Moreover, as of 2024, the firm operates 40 delivery centers across 15 countries and provides services in 28 languages, supported by 10,520 CX professionals and a 12,323-strong field workforce.
Company Financials
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ā¹1,021.53 | ā¹984.84 | ā¹36.26 | ā¹768.02 |
| 2025 | ā¹1,352.03 | ā¹1274.29 | ā¹74.31 | ā¹1,143.25 |
| 2026 | ā¹1,851.83 | ā¹1662.53 | ā¹169.84 | ā¹1,385.15 |
| Jun 2026 | ā¹503.85 | ā¹441.03 | ā¹55.70 | ā¹1,367.85 |
Company Valuation – FY2026
Check Fusion CX IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 30.30% |
| ROCE: | 71.59% |
| EBITDA Margin: | 19.48% |
| PAT Margin: | 9.34% |
| Debt to equity ratio: | 1.25 |
| Earning Per Share (EPS): | ā¹13.47 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.74% |
| Net Asset Value (NAV): | ā¹43.73 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| FirstSource Solutions Limited | 9.77 | 22.27x | 15.00% | 61.80 | 9563.85 Cr. |
| eClerx Services Limited | 76.23 | 19.65x | 53.00% | 278.00 | 4218.20 Cr. |
| Alldigi Tech Limited | 53.96 | 14.12x | 29.00% | 235.00 | 608.04 Cr. |
| Inventurus Knowledge Solutions Limited | 43.12 | 31.41x | 7.58% | 568.00 | 3210.98 Cr. |
| Sagility India Limited | 1.98 | 21.66x | 6.47% | 30.50 | 7290.83 Cr. |
| Hinduja Global Solutions Limited | 6.92 | 51.07x | 2.00% | 53.00 | 4857.02 Cr. |
IPO Lead Managers aka Merchant Bankers
- Nuvama Wealth Management Ltd.
- IIFL Capital Services Ltd.
- Motilal Oswal Investment Advisors Ltd.
Company Address
Fusion CX Ltd.
Plot No. Y9, Block EP & GP,
Sector-5, Bidhan Nagar,
Salt Lake
Kolkata, West Bengal, 700091
Phone: 033 4508 6520
Email: secretarial@fusioncx.com
Website: https://www.fusioncx.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-79615565
Email: fusion.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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Note: The Fusion CX IPO price band and date are officially announced. The (Fusion CX IPO grey market premium) will be added to the IPO GMP page as it will start).
