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Fusion CX Limited IPO
Customer Experience (CX) Solutions · AI Data Infrastructure · Multilingual BPO · Kolkata, West Bengal
📋 Mainline IPO
Fresh + OFS
BSE, NSE
₹289
Upper Price
₹702.00 Cr
Issue Size
Oct 22, 2026
Listing Date
₹4,172.01 Cr
Market Cap
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Wednesday, 14 October 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 16 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 19 October 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Wednesday, 21 October 2026
Unallotted funds unblocked; shares credited to demat
🏷️
Thursday, 22 October 2026
Trading begins on BSE & NSE from 10:00 AM IST
📋 IPO Details
IPO Open Date14 October 2026 (Wed)
IPO Close Date16 October 2026 (Fri)
Listing Date22 October 2026 (Thu)
Face Value₹1 per share
Price Band₹275 to ₹289
Issue Price (Upper Band)₹289 per share
Issue TypeBook Build — Fresh + OFS
Lot Size51 shares (Min App: 1 Lot / 51 Shares)
Total Issue Size2,42,90,657 shares (₹702.00 Cr)
Fresh Issue1,73,01,038 shares (₹500.00 Cr)
Offer for Sale (OFS)69,89,619 shares (₹202.00 Cr)
Pre-Issue Shares12,70,59,295
Post-Issue Shares14,43,60,333
Promoter Holding (Pre → Post)99.03% → 81.82%
Market Cap (Pre-IPO)₹3,672.01 Cr
Market Cap (Post-IPO)₹4,172.01 Cr
Listing ExchangeBSE, NSE
Lead ManagersNuvama, IIFL Capital, Motilal Oswal
RegistrarKfin Technologies Ltd.
Global Delivery Centres40 Centres across 13 Countries
💰 Lot Size & Minimum Investment
At upper price ₹289| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 51 | ₹14,739 |
| Retail — Maximum | 13 | 663 | ₹1,91,607 |
| S-HNI (sNII) — Min | 14 | 714 | ₹2,06,346 |
| S-HNI (sNII) — Max | 67 | 3,417 | ₹9,87,513 |
| B-HNI (bNII) — Min | 68 | 3,468 | ₹10,02,252 |
⚠️ Note: Investors can bid for a minimum of 51 shares and in multiples thereof. Retail individual investors can apply for up to ₹2,00,000 (13 lots / 663 shares).
👥 Investor Reservation
Allocated portion of Offer SizeNot less than 75%
QIB Portion
Not more than 15%
NII Portion
Not more than 10%
Retail Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total 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 |
| PAT | 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 & Surplus | 607.01 | 547.97 | 345.76 | 258.54 |
| Total Borrowing | 48.06 | 58.73 | 81.93 | 83.10 |
Income Growth
FY 2023–24₹1,021.53 Cr
FY 2024–25₹1,352.03 Cr
FY 2025–26₹1,851.83 Cr
🎯 Key Performance Indicators
30.30%
ROE (Mar 26)
8.99% (Jun 26)
0.53
Debt/Equity
0.51 (Jun 26)
71.59%
ROCE (Mar 26)
19.84% (Jun 26)
9.34%
PAT Margin
11.36% (Jun 26)
19.48%
EBITDA Margin
20.03% (Jun 26)
30.74%
RoNW (Mar 26)
9.12% (Jun 26)
6.61x
Price/Book
5.98x (Jun 26)
₹43.73
NAV (Mar 26)
₹48.35 (Jun 26)
⚖️ Valuation & EPS
Pre-IPO EPS
₹13.37
FY26 earnings + pre-issue shares
P/E: 21.62xPost-IPO EPS
₹15.43
Annualised post-issue basis
P/E: 18.73xPrice to Book Value
6.61x
At upper price band ₹289
Market Cap
₹4,172.01 Cr
At upper offer price ₹289
ℹ️
Pre-IPO EPS (₹13.37) is calculated on pre-issue equity of 12,70,59,295 shares using FY26 restated PAT of ₹169.84 Cr. Post-issue equity expands to 14,43,60,333 shares through the issuance of 1,73,01,038 fresh shares, yielding a post-issue EPS of ₹15.43 on an annualised basis. Market Capitalisation at the upper band price of ₹289 stands at ₹4,172.01 Cr.
🎯 Objects of the Issue
Net fresh proceeds utilisation1
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 Cr
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 Cr
3
Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
Balance
Total Fresh Issue Goal
₹500.00 Cr
🏢 About Fusion CX Ltd.
Est. 2004 · Kolkata, West Bengal · Global CX & AI-Driven Data OperationsFusion CX Limited, incorporated in 2004, is a global customer experience (CX) and digital business process transformation company delivering integrated, omnichannel customer interaction solutions across voice, email, chat, messaging, and social media platforms. The enterprise also provides enterprise AI data infrastructure operations spanning training data collection, custom annotation, image and video labeling, and robotic teleoperation workflows.
The business blends global operational talent with proprietary conversational technology, developing automation tools through its software subsidiary, Omind Technologies, including conversational AI platforms ‘Arya’ and speech automation suite ‘MindVoice’. As of June 30, 2026, Fusion CX operated 40 global delivery centers distributed across 13 countries, delivering continuous round-the-clock service in 28 languages. The company serves an enterprise client base of 208 organizations, including 22 Fortune 1000 corporations across key sectors including Telecom & Utilities, Healthcare & Life Sciences, BFSI, High-Tech, Travel, and E-commerce Retail. Headquartered in Salt Lake, Kolkata, the company maintains a strategic global footprint capable of managing complex cross-border multilingual customer workflows.
Brand Ecosystem
🌐
Global CX Delivery Network
Operating 40 delivery centers across 13 countries providing 24/7 multilingual coverage in 28 languages.
🤖
AI & Data Infrastructure
Enterprise data labeling, image and video annotation, and robotic teleoperation for global technology leaders.
💻
Omind Technologies
Tech subsidiary developing proprietary conversational AI ‘Arya’ and quality automation tool ‘MindVoice’.
🏆
Fortune 1000 Clientele
Serving 208 marquee clients globally, including 22 Fortune 1000 companies across healthcare, BFSI, and telecom.
Competitive Strengths
🏆Scalable global footprint with 40 delivery centers driving time-zone-agnostic operational resilience.
🤝Long-standing enterprise client partnerships across diversified, non-cyclical verticals like BFSI and Healthcare.
📊Proven M&A capability with a history of acquiring and integrating accretive cross-border operations.
📈Rapid financial scaling, logging a 37% revenue jump in FY26 to ₹1,851.83 Cr and a 129% surge in PAT to ₹169.84 Cr.
Company Promoters
PD
Pankaj Dhanuka & Kishore Saraogi
Individual Promoters, Fusion CX Ltd.
PB
P N S Business Pvt.Ltd. & Rasish Consultants Pvt.Ltd.
Promoter Entities, Fusion CX Ltd.
Key Selling Shareholders (OFS)
P.N.S. Business Pvt.Ltd.₹101.00 Cr (OFS)
Rasish Consultants Pvt.Ltd.₹101.00 Cr (OFS)
📅 Key Dates
IPO Opens14 Oct 2026
IPO Closes16 Oct 2026
Allotment19 Oct 2026
Refund & Share Credit21 Oct 2026
Listing Day22 Oct 2026
💡 Quick Summary
Price Band₹275 – ₹289
Upper Price₹289 / share
Lot Size51 shares
Min. Investment (Retail)₹14,739 (1 Lot)
Issue Size₹702.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Managers
Nuvama Wealth Management Ltd.
IIFL Capital Services Ltd.
Motilal Oswal Investment Advisors Ltd.
IIFL Capital Services Ltd.
Motilal Oswal Investment Advisors Ltd.
📍 Registered Address
Fusion CX Ltd.
Plot No. Y9, Block EP & GP, Sector-5,
Bidhan Nagar, Salt Lake,
Kolkata, West Bengal — 700091
📞 033 4508 6520
[email protected]
Plot No. Y9, Block EP & GP, Sector-5,
Bidhan Nagar, Salt Lake,
Kolkata, West Bengal — 700091
📞 033 4508 6520
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️
Disclaimer: This page presents publicly available information from the Fusion CX IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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