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Fusion CX IPO

IPO GMP

+₹36

+12% expected gain

Check Allotment Status

Price Band

₹289

Lot Size

—

Min Investment

—

Listing Date

October 22, 2026

IPO Details

Issue TypeBook Building Issue
Face Value₹1
Price Band₹289
Lot Size—
Total Issue Size₹702.00 Cr
Fresh Issue₹500 Cr
Offer for SaleApprox 69,89,619 Equity Shares
Listing AtBSE, NSE

Subscription Status

How many times each investor category has bid for the issue.

Qualified Institutional (QIB)—
Non-Institutional (NII)0.43x
Retail Individual (RII)1.47x
Total Subscription0.39x

Strengths & Risks

Strengths

  • Global Delivery Network: With over 40 scalable delivery centers running across 15 different countries, the Fusion CX has set itself to operate 24x7 multichannel services in 28 languages through a combination of onshore, nearshore, and offshore services as on 31st December, 2024.
  • In-house AI-Driven R&D: The firm is consistently focused on developing AI-driven technologies like Arya, Mind WorkPlace, and MindVoice which are made possible through the efforts of the subsidiary Omind to improve CX transformation, operation efficiency and enhance customer interactions.
  • Proven Inorganic Growth Track Record: Fusion CX has had experience with acquisitions such as Ameridial Inc., Boomsourcing LLC and Ready Call Center Limited.

Risks

  • Customer Concentration: The top 10 customers accounted for 44.26%, 41.04%, 40.16% and 37.95% of the revenues from operations for the nine months ended December 31, 2024 and fiscal years 2024, 2023 and 2022 respectively, subjecting the Company to the risk of losing a key customer.
  • Employee Attrition Risk: The success of the Company is reliant on its ability to attract and retain talented employees and managerial personnel; CX employee attrition rates were 28.56%, 32.15%, 29.43% and 30.32% during the respective periods, exposing the Company to risks relating to quality of services.
  • Cybersecurity and Data Security Risk: The nature of the Company’s business exposes it to various cybersecurity risks including hacking, malware and phishing.

Fusion CX IPO Key Numbers

Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.

Issue mix

71.2% fresh / 28.8% sale

Fresh issue goes to the company, offer for sale to selling shareholders

What stands out

  • GMP has been rising over the last three readings.
Listing price scenarios
If the current GMP holds₹325.00+12.5%
If GMP moves to the low end of the current source range₹323.00+11.8%
If GMP moves to the high end of the current source range₹326.00+12.8%
If the grey market premium disappears₹289.000%

Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.

Not yet available for this IPO: financials, post-IPO share count (market cap and P/E not computable), listed peer comparison, use of proceeds, business description.

IPO Analysis SummaryAI-generated

A plain-language review of Fusion CX's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.

Fusion CX IPO Review

Analysis based on live GMP, subscription, and issue details.

As of today, Fusion CX IPO is trading at a grey market premium (GMP) of +₹36 (+12% estimated listing gain), indicating positive market sentiment.

The IPO has been subscribed 0.39x overall — QIB: —, NII: 0.43x, Retail: 1.47x.

Fusion CX IPO subscription is currently open and closes on October 16, 2026. Investors can apply through their broker using ASBA.

Key strengths include: Global Delivery Network: With over 40 scalable delivery centers running across 15 different countries, the Fusion CX has set itself to operate 24x7 multichannel services in 28 languages through a combination of onshore, nearshore, and offshore services as on 31st December, 2024.; In-house AI-Driven R&D: The firm is consistently focused on developing AI-driven technologies like Arya, Mind WorkPlace, and MindVoice which are made possible through the efforts of the subsidiary Omind to improve CX transformation, operation efficiency and enhance customer interactions.. Investors should note the following risks: Customer Concentration: The top 10 customers accounted for 44.26%, 41.04%, 40.16% and 37.95% of the revenues from operations for the nine months ended December 31, 2024 and fiscal years 2024, 2023 and 2022 respectively, subjecting the Company to the risk of losing a key customer.; Employee Attrition Risk: The success of the Company is reliant on its ability to attract and retain talented employees and managerial personnel; CX employee attrition rates were 28.56%, 32.15%, 29.43% and 30.32% during the respective periods, exposing the Company to risks relating to quality of services..

Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.

Fusion CX IPO — Frequently Asked Questions

What is Fusion CX IPO GMP today?

Fusion CX IPO GMP (grey market premium) today is +₹36, suggesting an estimated listing gain of +12%. GMP is indicative and subject to change.

What is the price band of Fusion CX IPO?

The price band for Fusion CX IPO is ₹289.

When is Fusion CX IPO allotment date?

Fusion CX IPO allotment is expected to be finalised on October 19, 2026. You can check your allotment status on the registrar's website using your PAN number.

When will Fusion CX IPO list on NSE/BSE?

Fusion CX IPO is expected to list on BSE, NSE on October 22, 2026.

How to check Fusion CX IPO allotment status?

To check Fusion CX IPO allotment status, visit the registrar's website and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.

Should I apply for Fusion CX IPO?

Fusion CX IPO is showing a strong GMP of +₹36 (+12%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.

What is the lot size of Fusion CX IPO?

The lot size for Fusion CX IPO has not been announced yet. Please check back closer to the IPO open date on ipolyst.com.

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