Fusion CX IPO To Launch On 14 October; Price Band Fixed At ₹275–289 Per Share; Check More Details Here
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Fusion CX will open its ₹702-crore IPO on 14 October at ₹275-289 per share. The company plans to use ₹275.6 crore from the fresh issue to repay debt and ₹61.1 crore to upgrade technology at its subsidiaries.
Fusion CX will open its ₹702-crore initial public offering (IPO) on 14 October, with the price band fixed at ₹275-289 per share.
The Kolkata-based customer experience services company had initially proposed a larger issue of ₹1,000 crore in its draft papers filed with the Securities and Exchange Board of India (SEBI) in May 2025.
The public issue will comprise ₹500 crore worth of fresh shares and an offer for sale of ₹202 crore by promoters P N S Business and Rasish Consultants. Each promoter will sell shares worth ₹101 crore.
At ₹289 per share, the upper end of the price band, the Fusion CX IPO will have a valuation of around ₹4,172 crore.
The anchor book opens on 13 October, while other investors can subscribe from 14 October to 16 October. Share allotment is expected on 19 October, followed by a proposed listing on 22 October. SEBI had cleared the company's draft offer document in December 2025.
What Is The Minimum Investment Required For The IPO?
The minimum application is for 51 shares, with bids allowed in multiples of 51. At the upper price of ₹289, one lot will cost ₹14,739.
Retail investors can apply for up to 663 shares, taking the maximum investment to ₹1,91,607 at the upper end of the price band.
Nuvama Wealth Management, IIFL Capital Services and Motilal Oswal Investment Advisors are managing the issue as book-running lead managers.
How Does The Company Plan To Use IPO Proceeds?
Fusion CX plans to use ₹275.6 crore from the fresh issue proceeds to repay borrowings. Its consolidated debt stood at ₹322 crore in August 2026.
Another ₹61.1 crore has been earmarked for its step-down subsidiaries, Omind Technologies Inc. and Omind Technologies. The investment will go towards upgrading IT tools, including Arya and MindVoice.
The remaining funds will be available for acquisitions and general corporate purposes. Since ₹202 crore of the IPO is an offer for sale, that portion will go to the two promoters selling their shares.
Business Spans 13 Countries
Fusion CX provides customer support through calls, email, chat, social media and messaging platforms. It also works in AI data services, including data collection, annotation, labelling and teleoperations.
As of June 2026, the company operated 40 delivery centres and two sales offices across 13 countries. The company was founded by Pankaj Dhanuka and Kishore Saraogi.
Financial Performance In FY26
Fusion CX's profit more than doubled in FY26. Net profit rose 128.5% to ₹169.8 crore from ₹74.3 crore in the previous financial year.
Revenue increased 36.8% to ₹1,818.1 crore from ₹1,329.3 crore. In the quarter ended June 2026, the company reported revenue of ₹490.4 crore and profit of ₹55.7 crore.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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