Archive · 10 Oct 2026
Fusion CX Sets ₹275–289 IPO Band for ₹702 Crore Issue
Fusion CX is a company that helps businesses communicate with their customers by phone, email, chat and other channels.
It is also involved in services that support artificial intelligence, such as preparing and labelling data.
The company plans to sell shares to the public in an IPO.
The IPO opens on October 14, with each share priced between ₹275 and ₹289.
Investors must bid for at least 51 shares.
The offer includes new shares worth ₹500 crore and shares worth ₹202 crore being sold by existing shareholders.
Fusion CX says it will use some of the money to repay loans and improve technology at two subsidiaries.
It reported revenue of ₹1,818 crore and profit of about ₹169 crore for the year ended March 2026.
Fusion CX’s ₹702 crore IPO opens October 14 and closes October 16; anchor bidding is scheduled for October 13.
The price band is ₹275–289 per share, with a minimum bid of 51 shares; the company’s earlier draft had proposed a ₹1,000 crore issue.
The IPO comprises a ₹500 crore fresh issue and a ₹202 crore offer for sale by P N S Business and Rasish Consultants.
The company plans to use ₹275 crore to repay borrowings and ₹61 crore to upgrade technology at two subsidiaries; remaining proceeds are for acquisitions, strategic initiatives and general corporate purposes.
Fusion CX reported FY26 profit of about ₹169 crore and revenue of ₹1,818 crore; its shares are proposed to list on the BSE and NSE on October 22.
- Who
- Fusion CX, founded by Pankaj Dhanuka and Kishore Saraogi.
- What
- The company is launching a ₹702 crore IPO at ₹275–289 per share.
- When
- The IPO opens October 14 and closes October 16; anchor bidding is scheduled for October 13, and listing is proposed for October 22.
- Where
- The shares are proposed to list on the BSE and NSE; Fusion CX is headquartered in Kolkata and operates across 13 countries.
- Why
- The company plans to use IPO proceeds for debt repayment, technology investment in subsidiaries, acquisitions, strategic initiatives and general corporate purposes.
- Price band
- ₹275–289 per share
- Issue size
- ₹702 crore: ₹500 crore fresh issue and ₹202 crore offer for sale
- IPO dates
- Anchor bidding: October 13; subscription: October 14–16; proposed listing: October 22
- Minimum bid
- 51 shares
- Use of proceeds
- ₹275 crore for debt repayment and ₹61 crore for technology upgrades at Omind Technologies Inc and Omind Technologies Pvt Ltd; remaining proceeds for acquisitions, strategic initiatives and general corporate purposes
- FY26 financials
- Profit of about ₹169 crore and revenue of ₹1,818 crore
- Operations
- 40 delivery centres across 13 countries; 13,735 employees and 208 customers as of June 30, 2026
- Offer allocation
- 75% for institutional buyers, 15% for non-institutional investors and 10% for retail investors
