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Fusion CX Limited IPO

14 Oct 2026 – 16 Oct 2026

GMP
▲ ₹19 (+6.6%)
Price Band
₹275 – ₹289
Issue Size
₹702 Cr
Lot Size
51
Min Investment
₹14,739
1 lot · 51 shares
Est. Listing
₹308

Issue Details

Price Band
₹275 – ₹289
Lot Size
51 shares
Min Investment
₹14,739 (1 lot · 51 shares)
Face Value
₹1
Fresh Issue
₹500 Cr (to the company)
Offer for Sale
₹202 Cr (to selling holders)
Issue Size
Initial Public Offer comprising of Fresh Issue aggregating upto Rs. 5000 million and Offer for Sale aggregating upto Rs.2020 million

Timetable

Open
14 Oct 2026
Close
16 Oct 2026
Allotment
19 Oct 2026
Refunds
21 Oct 2026
Demat credit
21 Oct 2026
Listing
22 Oct 2026

GMP History

Latest GMP ₹19 · Last updated 12 Oct 2026, 9:26 pm IST

The graph appears from the second day of GMP data.

DateGMPGMP %ChangeEst. ListingUpdated (IST)
12 Oct₹19+6.6%—₹308

Subscription

Subscription figures appear once bidding opens.

Financials

All values in ₹ crore

1,021.53
Mar 24
1,352.03
Mar 25
1,851.83
Mar 26
503.85
Jun 26

About Fusion CX

Business Process Outsourcing (BPO)/Knowledge Process Outsourcing (KPO)

Fusion CX Ltd. provides customer experience management and business process services to enterprises through multiple communication channels, including telephone, email, online chat, social media and messaging platforms. The Company has also expanded into AI data infrastructure, offering services such as data sourcing, data annotation, image and video tagging, and robotic teleoperation. The Company integrates human-led service delivery with proprietary technology and artificial intelligence to facilitate customer engagement across languages and digital channels. Its solutions are designed to streamline business processes, enhance service quality and automate customer interactions. Through its subsidiary, Omind Technologies, Fusion CX is developing technology platforms for AI-based marketing, conversational intelligence, automated quality monitoring and workforce management. As of June 30, 2026, the Company had established 40 delivery centres in 13 countries, provided support in 28 languages and maintained relationships with 208 customers, including 22 Fortune 1000 companies. Its operations cater to several industry segments, such as telecommunications and utilities, healthcare and life sciences, high technology and travel, banking, financial services and insurance (BFSI), and consumer retail. During Fiscal 2026, Fusion CX recorded revenue from operations of ₹1,818.14 crore, representing a year-on-year increase of 36.77% compared with Fiscal 2025. Telecommunications and technology accounted for 47.34% of operating revenue, followed by BFSI at 13.52%, healthcare at 13.14%, consumer and retail at 12.12%, and other sectors at 13.88%. Geographically, the US and Canada generated 85.26% of revenue, while India contributed 11.29%, the UK and Europe accounted for 3.11%, and other markets represented the remaining 0.34%.

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

As published in the company's own offer documents.

Strengths

  • Global Delivery Network with 40 delivery centres across 13 countries.
  • AI-Driven Technology
  • Proven Acquisition Track Record
  • Diversified Industry Presence across multiple industries, including telecom and utilities, healthcare, BFSI, retail, high-tech.
  • Customer-Centric Approach
  • Experienced Management Team

As stated by the company in its prospectus — not our assessment.

The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.

Lead Managers

  • Nuvama Wealth Management Limited
  • IIFL Capital Services Limited
  • Motilal Oswal Investment Advisors Limited

Offer details

Application sizes

CategoryLotsSharesAmount
Retail (min)one lot, the smallest bid allowed151₹14,739
Retail (max)most that stays under ₹2L13663₹1,91,607
S-HNI (min)first bid over ₹2L14714₹2,06,346
S-HNI (max)most that stays under ₹10L673,417₹9,87,513
B-HNI (min)first bid over ₹10L683,468₹10,02,252

Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.

Issue mechanics

Issue Type
100% Book Building
Minimum Order
51 Equity Shares
Categories
FI, IC, MF, FII, OTH, CO, IND, NOH
UPI Eligible
IND (upto 5 Lakhs)
Max Bid (Retail)
Rs. 2,00,000
Tick Size
Re. 1
Bidding Hours
10.00 a.m. to 5.00 p.m.
UPI Mandate Cut-off
16-Oct-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence, investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability
Sponsor Bank
HDFC Bank Limited and ICICI Bank Limited

Registrar

Name
Kfin Technologies Ltd.
Address
301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai, Maharashtra, 400070
Contact
Williams R, +91 40 6716 2222, fusion.ipo@kfintech.com

Documents

Published by NSE as ZIP archives; opened here as the PDF inside.

Collected from NSE and public sources. Always confirm against the prospectus before applying.

In the news

  1. The Economic Times

    IPO calendar: After a week of lull, 5 companies to raise nearly Rs 1,600 crore this week

    Five IPOs are scheduled to open for subscription next week, including mainboard issues from HD Fire Protect, Fusion CX and Sahajanand Medical Technologies. The three mainboard…

  2. The Economic Times

    Fusion CX sets price band for Rs 702 crore IPO; issue opens on October 14

    Fusion CX has set a price band of Rs 275–289 per share for its Rs 702 crore IPO, which will open on October 14 and close on October 16. The issue comprises a fresh issue worth Rs…

Headlines from The Economic Times, matched to this company by name. Reproduced as published — not our reporting, and not investment advice. More IPO news

Frequently Asked Questions

What is the GMP of Fusion CX Limited IPO today?

The latest grey market premium for Fusion CX Limited IPO is ₹19. GMP is unofficial and indicative only — it is not a guarantee of listing price.

What is the price band of Fusion CX Limited IPO?

The price band is ₹275 – ₹289, with a lot size of 51 shares. The minimum investment is ₹14,739.

When does Fusion CX Limited IPO open and close?

The issue opens on 14 Oct 2026 and closes on 16 Oct 2026. Listing is expected on 22 Oct 2026.

Who is the registrar for Fusion CX Limited IPO?

Kfin Technologies Ltd. is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.