GMP IPO Watch
Fusion CX IPO
Fusion CX IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Fusion CX IPO Details
Key facts at a glance| IPO Open Date | 13 October 2026 | IPO Close Date | 15 October 2026 |
|---|---|---|---|
| Basis of Allotment | 18 October 2026 | Listing Date | 21 October 2026 |
| Price Band | ₹275 - ₹289 per share | Face Value | ₹10 per share |
| Market Lot Size | 51 Shares | Min Investment (Retail) | ₹14,739 |
| Total Issue Size | ₹702 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹500 Cr | Offer for Sale (OFS) | ₹202 Cr |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | Kfin Technologies Ltd. | ||
Fusion CX IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 13 October 2026 | Confirmed |
| IPO Close Date | 15 October 2026 | Confirmed |
| Basis of Allotment | 18 October 2026 | Tentative |
| Initiation of Refunds | 21 October 2026 | Tentative |
| Credit of Shares to Demat | 21 October 2026 | Tentative |
| IPO Listing Date | 21 October 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 16 October 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Fusion CX IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 51 Shares | ₹14,739 |
| Retail (Max) | 13 Lots | 663 Shares | ₹1,91,607 |
| S-HNI (Min) | 14 Lots | 714 Shares | ₹2,06,346 |
| S-HNI (Max) | 67 Lots | 3,417 Shares | ₹9,87,513 |
| B-HNI (Min) | 68 Lots | 3,468 Shares | ₹10,02,252 |
Fusion CX IPO Live GMP & Movement History
Daily unofficial grey market trends₹16 +5.5%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 22 Oct 2026 | ₹15 | ₹304.00 | +5.19% |
| 21 Oct 2026 | ₹20 | ₹309.00 | +6.92% |
| 20 Oct 2026 | ₹20 | ₹309.00 | +6.92% |
| 19 Oct 2026 | ₹20 | ₹309.00 | +6.92% |
| 18 Oct 2026 | ₹12 | ₹301.00 | +4.15% |
| 17 Oct 2026 | ₹12 | ₹301.00 | +4.15% |
| 16 Oct 2026 | ₹20 | ₹309.00 | +6.92% |
| 15 Oct 2026 | ₹20 | ₹309.00 | +6.92% |
| 14 Oct 2026 | ₹34 | ₹323.00 | +11.76% |
| 13 Oct 2026 | ₹25 | ₹314.00 | +8.65% |
| 12 Oct 2026 | ₹13 | ₹302.00 | +4.50% |
| 11 Oct 2026 | ₹55 | ₹344.00 | +19.03% |
| 10 Oct 2026 | ₹55 | ₹344.00 | +19.03% |
| 9 Oct 2026 | ₹55 | ₹344.00 | +19.03% |
Fusion CX IPO Subscription Status
Demand breakdown by investor categoryFusion CX Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 768.02 Cr. | 1,021.53 Cr. | 984.84 Cr. | 36.26 Cr. |
| 2025 | 1,143.25 Cr. | 1,352.03 Cr. | 1274.29 Cr. | 74.31 Cr. |
| 2026 | 1,385.15 Cr. | 1,851.83 Cr. | 1662.53 Cr. | 169.84 Cr. |
| Jun 2026 | 1,367.85 Cr. | 503.85 Cr. | 441.03 Cr. | 55.70 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Fusion CX IPO Valuation & KPIs
Key metrics pre-issueFusion CX Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| FirstSource Solutions Limited | 22.27x | 9.77 | 15.00% | 61.80 | 9563.85 Cr. |
| eClerx Services Limited | 19.65x | 76.23 | 53.00% | 278.00 | 4218.20 Cr. |
| Alldigi Tech Limited | 14.12x | 53.96 | 29.00% | 235.00 | 608.04 Cr. |
| Inventurus Knowledge Solutions Limited | 31.41x | 43.12 | 7.58% | 568.00 | 3210.98 Cr. |
| Sagility India Limited | 21.66x | 1.98 | 6.47% | 30.50 | 7290.83 Cr. |
| Hinduja Global Solutions Limited | 51.07x | 6.92 | 2.00% | 53.00 | 4857.02 Cr. |
About Fusion CX
Fusion CX is an information technology-enabled customer experience solutions and business process outsourcing provider delivering multi-channel engagement, technical support, back-office processing, and digital customer care services to clients across global markets. The company operates through an international network of delivery centers, providing multi-language support across key operational verticals including telecommunications, utilities, high technology, travel, financial services, retail, and healthcare. Fusion CX generates revenue primarily through fees charged for customer experience management, process automation, and technology-driven operations structured under service contracts with enterprise clients. The company integrates proprietary software applications, artificial intelligence platforms, and a global workforce to deliver integrated omnichannel customer interaction and workflow execution solutions. Fusion CX focuses on serving large international corporations with a significant operational presence in North America, Europe, and Asia-Pacific regions.
Fusion CX IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 14 Oct 2026 |
| IPO Close Date | 16 Oct 2026 |
| Basis of Allotment | 19 Oct 2026 |
| Refunds | 21 Oct 2026 |
| Credit to Demat Account | 21 Oct 2026 |
| IPO Listing Date | 22 Oct 2026 |
Note: The timeline for Fusion CX IPO is tentative and subject to change.
Fusion CX Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Prepayment or repayment for company and subsidiaries | 275.70 (55.14%) |
| Upgrading IT tools for Arya and MindVoice | 61.15 (12.23%) |
| General Corporate Purposes | 163.15 (32.63%) |
Note: Objectives are as specified in the DRHP/RHP documents of Fusion CX.
Fusion CX Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 1,021.53 Cr. | 984.84 Cr. | 36.26 Cr. | 768.02 Cr. |
| 2025 | 1,352.03 Cr. | 1274.29 Cr. | 74.31 Cr. | 1,143.25 Cr. |
| 2026 | 1,851.83 Cr. | 1662.53 Cr. | 169.84 Cr. | 1,385.15 Cr. |
| Jun 2026 | 503.85 Cr. | 441.03 Cr. | 55.70 Cr. | 1,367.85 Cr. |
Note: Financial numbers for Fusion CX are in ₹ Crores unless stated otherwise.
Fusion CX Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 30.30% |
| ROCE | 71.59% |
| EBITDA Margin | 19.48% |
| PAT Margin | 9.34% |
| Debt to Equity Ratio | 1.25 |
| Earning Per Share (EPS) | 13.47 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 30.74% |
| Net Asset Value (NAV) | 43.73 |
Note: Valuation KPIs for Fusion CX are computed for FY2026.
Fusion CX Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| FirstSource Solutions Limited | 9.77 | 22.27x | 15.00% | 61.80 | 9563.85 Cr. |
| eClerx Services Limited | 76.23 | 19.65x | 53.00% | 278.00 | 4218.20 Cr. |
| Alldigi Tech Limited | 53.96 | 14.12x | 29.00% | 235.00 | 608.04 Cr. |
| Inventurus Knowledge Solutions Limited | 43.12 | 31.41x | 7.58% | 568.00 | 3210.98 Cr. |
| Sagility India Limited | 1.98 | 21.66x | 6.47% | 30.50 | 7290.83 Cr. |
| Hinduja Global Solutions Limited | 6.92 | 51.07x | 2.00% | 53.00 | 4857.02 Cr. |
Note: Peer group comparisons for Fusion CX are sourced from DRHP filings.
Fusion CX IPO FAQs
Fusion CX IPO opens for subscription on 13 October 2026 and closes on 15 October 2026.
The price band for Fusion CX IPO is set at ₹275.00 to ₹289.00 per share.
The minimum market lot size is 51 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 51 Shares (₹14,739).
The latest Grey Market Premium (GMP) for Fusion CX IPO is ₹16.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Fusion CX IPO is tentatively scheduled for 18 October 2026, and shares are expected to list on the stock exchanges on 21 October 2026.
Kfin Technologies Ltd. is the official registrar for Fusion CX IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.