Fusion CX Limited has announced a ₹275–289 price band for its ₹702 crore initial public offering. The Kolkata-based customer-experience and business-process-outsourcing company will open subscriptions on October 14, 2026, and close them on October 16, according to Economic Times coverage dated October 9. The offer combines fresh funding with promoter share sales, making its structure as important as its headline size.
Fusion CX IPO Details
| IPO Details | Information |
|---|---|
| Company Name | Fusion CX Limited |
| IPO Type | Mainboard IPO |
| Issue Type | Book Built Issue |
| IPO Open Date | October 14, 2026 |
| IPO Close Date | October 16, 2026 |
| Price Band | ₹275–289 per share |
| Face Value | ₹1 per share |
| Issue Size | ₹702 crore |
| Fresh Issue | ₹500 crore |
| Offer for Sale | ₹202 crore |
| Lot Size | 51 shares |
| Minimum Investment | ₹14,739 at upper band |
| Listing | BSE & NSE |
| Anchor Investor Date | October 13, 2026 |
| Basis of Allotment | Expected October 19, 2026 |
| Refund Initiation | Check final timetable |
| Demat Credit | Check final timetable |
| Expected Listing Date | October 22, 2026 |
| Lead Managers | Nuvama, IIFL Capital Services, Motilal Oswal Investment Advisors |
| Registrar | KFin Technologies |
Dates after bidding are expected, not completed events. One lot costs 51 multiplied by ₹289, or ₹14,739. Application does not guarantee allotment. Verify the final offer timetable before bidding; no subscription or listing-price figures are available before those events occur.
Business Model and Services
The company’s official investor-relations website identifies Fusion CX as a customer-experience and outsourcing business founded in 2004. Its services include customer support, technical assistance and digital solutions. These activities connect the business to corporate outsourcing budgets and changing customer-service technology requirements.
Global Presence
The company describes a delivery footprint across 13 countries. A broad network can help clients serve different markets and time zones. However, delivery capacity creates value only when utilisation, service quality and contract economics justify recruitment, training and infrastructure expenditure. Geographic reach should therefore be evaluated alongside profitable customer relationships.
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Fusion CX Financial Performance
Business Today’s October 9 report places FY2026 revenue at ₹1,818.1 crore and profit at ₹169.8 crore, compared with ₹1,329.3 crore and ₹74.3 crore respectively a year earlier. Profit increased faster than revenue, but those headline figures do not establish how much improvement was organic or whether it will recur.
Investors should examine receivables, operating cash flow and margin consistency. Growth can absorb cash when collections lag spending. Onetrader’s earnings-quality guide explains why reported profit and available cash may diverge.
Use of IPO Proceeds
Moneycontrol reports planned fresh-issue allocations of ₹275.6 crore for debt repayment and ₹61.1 crore for technology upgrades through subsidiaries. Offer-for-sale proceeds go to selling shareholders, not the company. Debt reduction may ease financing pressure; technology expenditure must deliver measurable benefits rather than merely expand spending.
Growth Opportunities
Customer-service outsourcing and digital delivery provide potential growth avenues. Automation could improve efficiency, while multilingual delivery may deepen client relationships. These are opportunities, not forecasts: sustainable progress requires contract renewals, disciplined pricing and effective integration of new capabilities.
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Key Risks
A further consideration is the difference between a growing operation and a growing return per share. New shares can strengthen funding while increasing the share count. Investors should use the post-issue capital base when comparing valuation multiples. They should also read disclosures on customer concentration, acquisition integration and information-security obligations, because disruption in any of these areas could affect contract retention and delivery costs.
Client budget reductions, competition and execution costs can pressure a service business. AI could change both delivery efficiency and the services customers purchase. Investors should also assess capital requirements and valuation. Business Today reports an upper-band valuation around ₹4,172 crore; that price must be tested against sustainable earnings, not an AI label alone.
Fusion CX IPO GMP
No live GMP figure is asserted here. Grey-market premiums are unofficial, can change quickly and do not guarantee a listing price. They should not replace evaluation of financial quality or the offer structure.
Conclusion
The announced band and bidding window make Fusion CX a defined upcoming offer. Compare its business, funding uses and risks with other issues in the IPO Hub. Subscription enthusiasm alone cannot establish fair value or a successful listing.
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Financial Disclaimer: This article is for information and education, not investment advice or a recommendation to apply. IPOs carry allocation, valuation and market risks. Read the latest offer documents and consult a qualified adviser where appropriate.
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