Tue, 20 Oct 2026
03:29:59 pm
Rudransh Sangwan
Published at: October 11, 2026, 1:48 PM
Synopsis
Fusion CX IPO opens October 14 at ₹275–₹289 per share. Check the ₹702 crore issue, 51-share lot size, FY2026 financials and key investment risks.

Fusion CX IPO: Fusion CX Limited is launching its initial public offering (IPO) to raise ₹702 crore through a combination of a fresh issue worth ₹500 crore and an offer for sale (OFS) worth ₹202 crore. The IPO will open for subscription on October 14, 2026, and close on October 16, 2026.
Fusion CX provides customer experience management and business process solutions to businesses worldwide. Its services include multichannel customer support, artificial intelligence (AI) data services and technology-enabled automation.
| Particulars | Details |
|---|---|
| Company | Fusion CX Limited |
| IPO Type | Mainboard IPO |
| Total Issue Size | ₹702 crore |
| Fresh Issue | ₹500 crore |
| Offer for Sale | ₹202 crore |
| Face Value | ₹1 per share |
| Price Band | ₹275 to ₹289 per share |
| Lot Size | 51 shares |
| Minimum Investment | ₹14,739 |
| IPO Opening Date | October 14, 2026 |
| IPO Closing Date | October 16, 2026 |
| Allotment Date | October 19, 2026 |
| Refund Date | October 21, 2026 |
| Share Credit Date | October 21, 2026 |
| Tentative Listing Date | October 22, 2026 |
| Listing Exchanges | BSE and NSE |
| Registrar | KFin Technologies Limited |
| Lead Managers | Nuvama Wealth Management, IIFL Capital Services and Motilal Oswal Investment Advisors |
The minimum investment is calculated using the upper price band of ₹289 per share.
Incorporated in 2004, Fusion CX Limited is a customer experience (CX) and business process solutions provider. The company helps businesses manage customer interactions through voice calls, email, chat, social media and messaging platforms.
Its services also include AI data collection, data annotation, image and video labelling, and robotic teleoperations. Through its subsidiary, Omind Technologies, Fusion CX is developing AI-powered solutions for conversational AI, marketing, quality automation and workforce management.
As of June 30, 2026, Fusion CX operated 40 delivery centres across 13 countries, supported customers in 28 languages and served 208 customers, including 22 Fortune 1000 companies.
Its major industry segments include telecom and utilities, healthcare, banking and financial services, insurance, retail, travel and high-tech.
Fusion CX reported higher revenue and profit after tax in FY2026 compared with FY2025.
| Financial Metric | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹1,021.53 Cr | ₹1,352.03 Cr | ₹1,851.83 Cr |
| Profit After Tax | ₹36.26 Cr | ₹74.31 Cr | ₹169.84 Cr |
| EBITDA | ₹104.62 Cr | ₹197.78 Cr | ₹329.87 Cr |
| Total Assets | ₹768.02 Cr | ₹1,143.25 Cr | ₹1,385.15 Cr |
| Total Borrowings | ₹210.61 Cr | ₹306.73 Cr | ₹266.86 Cr |
| Net Worth | ₹270.15 Cr | ₹354.58 Cr | ₹552.46 Cr |
Figures are in ₹ crore.
Total income increased by approximately 37% in FY2026, while profit after tax rose by approximately 129% compared with FY2025.
Fusion CX proposes to use the fresh issue proceeds for debt repayment, investment in its AI technology subsidiaries and future business expansion.
| Purpose | Amount |
|---|---|
| Repayment or prepayment of borrowings | ₹275.70 Cr |
| Investment in Omind Technologies subsidiaries | ₹61.15 Cr |
| Acquisitions, strategic initiatives and general corporate purposes | Remaining proceeds |
The company plans to invest in Omind Technologies Inc. and Omind Technologies Pvt. Ltd. to upgrade its technology tools, including Arya and MindVoice.
The ₹202 crore OFS component will go to the selling shareholders, P.N.S. Business Pvt. Ltd. and Rasish Consultants Pvt. Ltd., rather than to Fusion CX.
Investors can apply for a minimum of 51 shares and in multiples of 51 shares.
| Investor Category | Shares | Investment at ₹289 |
|---|---|---|
| Retail Minimum | 51 | ₹14,739 |
| Retail Maximum | 663 | ₹1,91,607 |
| Small HNI Minimum | 714 | ₹2,06,346 |
| Big HNI Minimum | 3,468 | ₹10,02,252 |
Key strengths
Key risks
Fusion CX combines traditional customer support services with AI-based technology solutions. Its financial results show growth in income and profitability, while the proposed IPO will provide funds for debt reduction, technology upgrades and strategic expansion.
Investors should evaluate its valuation, debt levels, cash flow, customer concentration and ability to sustain growth before applying. The IPO's fresh issue will fund the company's stated objectives, while the OFS will provide an exit opportunity for existing shareholders.
Disclaimer: This article is for informational purposes only and is not investment advice. IPO details are based on the information provided and may change. Investors should review the official offer documents before making an investment decision.

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