Fusion CX IPO GMP today is Rs 15. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
FUSIONCX
Fusion CX IPO GMP & Allotment
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.
- IPO Price Band
- ₹275.00 - ₹289.00
- Lot Size
- 51 Shares
- Bidding Closes
- 16 Oct 2026
- Listing Date
- 22 Oct 2026
Current GMP Status
₹15
+5.19% vs upper band
Est. Listing Gain
+5.54%
Last Trend
21 Oct 2026
Listing Price
₹305.00
Retail Entry
₹14,739
IPO Details
Complete IPO information
| IPO Open Date | 14 Oct 2026 |
|---|---|
| IPO Close Date | 16 Oct 2026 |
| IPO Price Band | ₹275.00 - ₹289.00 |
| Lot Size | 51 Shares |
| Current GMP | ₹15 |
| Estimated Listing Gain | +5.54% |
| Issue Size | Approx ₹702 Cr |
| Fresh Issue | Approx ₹500 Cr |
| Issue Type | Mainboard |
| IPO Listing | BSE, NSE |
| Retail Quota | TBA |
| Registrar | Kfin Technologies Ltd. |
| Overall Subscription | 4.45x |
| Minimum Investment | ₹14,739 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 76.58 | 306.88 | 4.01x |
| NII | 38.29 | 172.33 | 4.50x |
| Retail | 25.52 | 145.36 | 5.69x |
| Overall Subscription | 140.40 | 624.57 | 4.45x |
Day-wise demand
Fusion CX IPO subscription status day-wise
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 3 (16 Oct) | 0x | 0.46x | 1.55x | 0.41x |
Subscription in times (x) at the end of each bidding day. Today's row updates through the day.
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Fusion CX is priced at ₹289 per share. With a minimum lot size of 51 shares, a retail investor applying for one lot would need approximately ₹14,739 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Fusion CX stands at ₹15, implying an estimated listing gain of around 5.19% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Fusion CX's IPO was subscribed 4.45x overall, with a category-wise breakdown of Retail 5.69x, QIB 4.01x, NII 4.5x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
14 Oct 2026
✓
Bidding Closes
16 Oct 2026
✓
Allotment
19 Oct 2026
✓
Listing
22 Oct 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 21 Oct 2026 | ₹20.00 | - | 6.92% |
| 20 Oct 2026 | ₹20.00 | - | 6.92% |
| 19 Oct 2026 | ₹20.00 | +₹8.00 | 6.92% |
| 18 Oct 2026 | ₹12.00 | - | 4.15% |
| 17 Oct 2026 | ₹12.00 | -₹8.00 | 4.15% |
| 16 Oct 2026 | ₹20.00 | - | 6.92% |
| 15 Oct 2026 | ₹20.00 | -₹14.00 | 6.92% |
| 14 Oct 2026 | ₹34.00 | +₹9.00 | 11.76% |
| 13 Oct 2026 | ₹25.00 | +₹12.00 | 8.65% |
| 12 Oct 2026 | ₹13.00 | -₹42.00 | 4.50% |
| 11 Oct 2026 | ₹55.00 | - | 19.03% |
| 10 Oct 2026 | ₹55.00 | - | 19.03% |
| 09 Oct 2026 | ₹55.00 | - | 19.03% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 51 | ₹14,739 |
| Retail Maximum | 13 Lot | 663 | ₹1,91,607 |
| S-HNI Minimum | 14 Lot | 714 | ₹2,06,346 |
| S-HNI Maximum | 67 Lot | 3,417 | ₹9,87,513 |
| B-HNI Minimum | 68 Lot | 3,468 | ₹10,02,252 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Fusion CX IPO 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.
Analysis
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.
Analysis
Fusion CX Company Financials
| 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.
Analysis
Fusion CX Company Valuation – FY2026
| 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.
Analysis
Fusion CX IPO 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.
Comparison
Compare Fusion CX IPO with similar IPOs
FAQ
Fusion CX IPO FAQs
Fusion CX IPO price band is Rs 275.00 to Rs 289.00. Check the latest issue price, lot size and GMP together before applying.
Fusion CX IPO open date is 14 Oct 2026, close date is 16 Oct 2026, and listing date is 22 Oct 2026.
Fusion CX IPO lot size is 51 shares. The minimum retail investment is Rs 14,739.
Fusion CX is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Fusion CX IPO subscription status currently shows Retail 5.69x, QIB 4.01x, NII 4.5x, Overall 4.45x.
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 issue size is TBA and the expected allotment date is 19 Oct 2026.
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