Fusion CX IPO

GMP, Subscription, Price, Allotment, Listing Date & AI Prediction

Upcoming

Mainboard

14 Oct - 16 Oct, 2026

GMP is +Rs 25 (+8.7%), issue size is Rs 702 Cr, subscription is -, and allotment is on 19 Oct 2026.

PRICE BAND

Rs 275 - 289

LOT SIZE

MIN INVEST

Rs 14,739

CUT-OFF

Rs 289

per share

Open

14 Oct 2026

Last Day

16 Oct 2026

Allotment

19 Oct 2026

Expected Refund

20 Oct 2026

Listing

22 Oct 2026

GMP Today

1m ago

+8.7%

+Rs 25 premium

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GMP Graph

Est. Listing Price

GMP Based

Rs 314

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 1,275

+8.7% (51 shares)

Subscription

Not open

Sub. Page

IPOGyani AI Engine - Live Prediction

+14.7%

Range: +10.7% to +18.7%

Confidence: Moderate - 50%

Confidence Score - 50%

📈 GMP Trend⚓ Anchor Quality🧠 Sentiment 50/100📊 Sub 0x🏭 Customer Experience & Business Process Services

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Current IPO Status: upcoming

Summarize with AI

Get a quick Fusion CX summary (150-200 words) from your favorite AI:

ChatGPT Claude Gemini

About Fusion CX

Customer Experience & Business Process Services

Incorporated in 2004, Fusion CX combines human expertise with technology and proprietary AI tools to support customer engagement, improve operational efficiency and automate customer interactions. Through its subsidiary Omind Technologies, the company develops AI-powered solutions for marketing, conversational AI, quality automation and workforce management. As of June 30, 2026, it operated 40 delivery centres across 13 countries, supported 28 languages and served 208 customers, including 22 Fortune 1000 companies. Its key industries include telecom and utilities, healthcare and life sciences, high-tech and travel, BFSI, and retail.

IPO_DETAILS_LONG: Fusion CX IPO is a Mainboard book-built issue aggregating up to ₹702 Cr, comprising a fresh issue of ₹500 Cr and an offer for sale of ₹202 Cr. The issue comprises 2,42,90,657 equity shares with a face value of ₹1 each. The price band is ₹275 to ₹289 per share, with a lot size of 51 shares. The IPO opens on October 14, 2026 and closes on October 16, 2026. Allotment is scheduled for October 19, refunds and demat credit for October 21, and listing on BSE and NSE for October 22, 2026. The company proposes to use ₹275.70 Cr for repayment or prepayment of borrowings, ₹61.15 Cr for investment in Omind subsidiaries to upgrade Arya and MindVoice, and the balance for inorganic growth, strategic initiatives and general corporate purposes.

Issue Details

Total Issue Size

Rs 702 Cr

Issue Size for Retail

Rs 70.2 Cr

Fresh Issue vs OFS

Fresh Issue

Rs 500 Cr (71%)

OFS

Rs 202 Cr (29%)

Reservation Quota

QIB

75%

Retail

10%

NII

15%

Lead Manager

Nuvama Wealth Management Ltd.; IIFL Capital Services Ltd.; Motilal Oswal Investment Advisors Ltd.

Registrar

KFin Technologies Ltd.

Objects of the Issue (as per DRHP)

1Repayment/prepayment of outstanding borrowings of the company and certain subsidiaries - 275.70 Cr
2Investment in Omind Technologies Inc. and Omind Technologies Pvt. Ltd. for upgrading IT tools Arya and MindVoice - 61.15 Cr
3Inorganic growth through acquisitions and strategic initiatives, and general corporate purposes - balance of net proceeds

Key Performance Indicator (KPI)

KPI	Jun 30, 2026	Mar 31, 2026
ROE	8.99%	30.30%
ROCE	19.84%	71.59%
Debt/Equity	0.38	0.48
RoNW	9.12%	30.74%
PAT Margin	11.36%	9.34%
EBITDA Margin	19.39%	18.14%
Price to Book Value	5.98

Check IPO Peer Comparison here.

	Pre IPO	Post IPO
EPS (Rs)	13.37	15.43
P/E (x)	21.62	18.73
Promoter Holding	99.03%	81.82%
Market Cap	Rs 4172.01 Cr.

Pankaj Dhanuka; Kishore Saraogi; P N S Business Pvt. Ltd.; Rasish Consultants Pvt. Ltd.

Fusion CX Financials

Company financial data by reporting period. Amounts in Rs crore; ratios and percentages as labelled. A dash means not available, not zero.
Metric	FY24	FY25	FY26
Total Income	102.15Rs 102.15 Cr	135.2Rs 135.2 Cr	185.18Rs 185.18 Cr
Net Profit (PAT)	36.26Rs 36.26 Cr	74.31Rs 74.31 Cr	169.84Rs 169.84 Cr
EBITDA	104.62Rs 104.62 Cr	197.78Rs 197.78 Cr	329.87Rs 329.87 Cr
Borrowings	210.61Rs 210.61 Cr	306.73Rs 306.73 Cr	266.86Rs 266.86 Cr
ROE	13.37%	20.74%	30.3%
ROCE	19.56%	49.73%	71.59%
Debt/Equity	0.78	0.86	0.48
Assets	768.02Rs 768.02 Cr	1,143.25Rs 1,143.25 Cr	1,385.15Rs 1,385.15 Cr

Company Financials

Financial charts load as you reach this section.

MARKET SENTIMENT SCORE

100

Bullish

Based on expert reviews, GMP trends & market signals

Expert Reviews & Opinions

Expert reviews for Fusion CX IPO will appear here once available.

Reviews are summarized from YouTubers, analysts, news channels, and brokerage firms using AI.

Peer Comparison

Comparing with 6 listed peers

IPO P/E Ratio

18.73x

vs Peer Avg: 23.2x

IPO Market Cap

Rs 4172 Cr

Peer Avg: 15K Cr

IPO ROE

30.3%

vs Peer Avg: 23.1%

Company	Market Cap	Revenue	PAT	P/E	ROE
FC Fusion CXIPO	Rs 4172 Cr	Rs 185.18 Cr	Rs 169.84 Cr	18.73x	30.3%
Firstsource Solutions Limited	19K Cr	9.6K Cr	674.4 Cr	22.27x	15%
eClerx Services Limited	18K Cr	4.1K Cr	706.2 Cr	19.65x	53%
Alldigi Tech Limited	1.2K Cr	598.7 Cr	82.2 Cr	14.12x	29%
Inventurus Knowledge Solutions Limited	30K Cr	3.2K Cr	721.55 Cr	39.34x	30.3%
Sagility India Limited	21K Cr	7.2K Cr	924.8 Cr	20.51x	11.11%
Hinduja Global Solutions Limited	1.7K Cr	4.3K Cr	31.44 Cr	-	0.1%
Peer Average	15K Cr	4.8K Cr	523.43 Cr	23.2x	23.1%

Quick Analysis

Fusion CX's P/E of 18.73x is lower than the peer average of 23.2x, suggesting relatively attractive valuation.
ROE of 30.3% is above peer average (23.1%), indicating better return on equity.
Market cap post-listing would place Fusion CX below peer average in terms of size.

* All peer data is from publicly available sources. Financial figures are latest reported annual numbers.

Company Contact Details

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

033 4508 6520

[email protected]

Visit Website

Green Flags

Revenue increased from ₹1,352.03 Cr in FY25 to ₹1,851.83 Cr in FY26.
PAT increased from ₹74.31 Cr in FY25 to ₹169.84 Cr in FY26.
Global delivery network with 40 delivery centres across 13 countries.
Serves 208 customers, including 22 Fortune 1000 companies.
Diversified presence across telecom, healthcare, BFSI, retail, high-tech and travel.
Investment in proprietary AI tools and customer experience automation.

Red Flags

The IPO includes an OFS of ₹202 Cr, which provides proceeds to selling shareholders rather than the company.
₹275.70 Cr of the stated fresh issue proceeds is allocated to debt repayment or prepayment.
The business involves international operations across multiple countries and currencies.
Growth through acquisitions introduces integration and execution risks.
The company operates in a competitive customer experience and business process services industry.
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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
S-HNI (Min)	14	714	₹2,06,346
B-HNI (Min)	68	3,468	₹10,02,252

Grey Market Premium

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Frequently Asked Questions

What is the price band of Fusion CX IPO?

The price band is Rs 275-289 per share. One lot contains 51 shares; its value at the upper price is Rs 14,739. Check the issue terms for the minimum application size applicable to your category.

What are the bidding dates for Fusion CX IPO?

The scheduled bidding period is 14 Oct 2026 to 16 Oct 2026.

When is Fusion CX IPO scheduled to list?

The scheduled listing date is 22 Oct 2026. The actual listing price is determined on the exchange, not by the grey market premium or an AI estimate.

Who is the registrar for Fusion CX IPO?

KFin Technologies Ltd. is the registrar. See the allotment page for the available schedule and official checking link.

Who manages Fusion CX IPO?

Lead manager information recorded for this issue: Nuvama Wealth Management Ltd.; IIFL Capital Services Ltd.; Motilal Oswal Investment Advisors Ltd..

Disclaimer

IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.

AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.

GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.

Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.

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