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The Fusion CX IPO is scheduled to open on October 14, 2026, and close on October 16. The reported ₹702 crore offer combines a ₹500 crore fresh issue with a ₹202 crore offer for sale (OFS). Before applying, check the price and lot size, distinguish company proceeds from selling-shareholder proceeds, and weigh the reported earnings and concentration risks against the offer valuation. Financial figures and several risk metrics below come from secondary reporting and should be checked against the company’s Red Herring Prospectus (RHP).
1. What are the Fusion CX IPO dates and terms?
The book-built issue is scheduled to run for three days. The company’s official RHP landing page identifies the current prospectus as dated October 8, 2026, and says the offer materials are directed to residents of India. Confirm the latest terms and eligibility information in the RHP and with your broker before applying.
| Item | Reported details |
|---|---|
| Subscription window | October 14–16, 2026 |
| Price band | ₹275–₹289 per share |
| Face value | ₹1 per share |
| Lot size | 51 shares |
| Minimum application at the upper price | ₹14,739 for one 51-share lot at ₹289 |
| Total offer size | ₹702 crore, reported as ₹500 crore fresh issue and ₹202 crore OFS |
| Allotment | Expected October 19, 2026 |
| Refunds and demat credit | Scheduled October 21, 2026 |
| Listing | Scheduled October 22, 2026 |
Offer terms and the minimum application are reported by ETMarkets. The later timetable dates are expected or scheduled, not guaranteed; see the RR Investors issue timetable and confirm any updates in the final offer documents.
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The fresh issue and OFS have different recipients. Proceeds from newly issued shares go to Fusion CX, while the OFS proceeds go to the shareholders selling their existing shares. The ₹202 crore OFS is therefore not fresh capital for the company.
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Moneycontrol reports that the fresh proceeds are intended for repayment or prepayment of borrowings, investment in step-down subsidiaries Omind Technologies Inc. and Omind Technologies Private Limited to upgrade IT tools, including Arya and MindVoice, and unidentified acquisitions and general corporate purposes. The exact amounts and final allocation should be verified in the RHP rather than inferred from the headline issue split.
The reported book-running lead managers are Nuvama Wealth Management, IIFL Capital Services and Motilal Oswal Investment Advisors; KFin Technologies is identified as registrar. These roles describe offer administration, not an endorsement of the investment.
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3. What do the reported financial results show?
Moneycontrol reported the following company figures on October 9, 2026. They are secondary-reported numbers, not figures independently verified here against the full RHP.
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| Period | Revenue from operations | Profit after tax (PAT) |
|---|---|---|
| FY25 | About ₹1,329.3 crore | About ₹74.3 crore |
| FY26 | About ₹1,818.1 crore | About ₹169.8 crore |
| Quarter ended June 2026 | About ₹490.4 crore | About ₹55.7 crore |
The reported year-on-year increases are substantial, but two annual periods and one quarter do not by themselves establish that the pace is sustainable. Read the RHP financial statements for the accounting basis, cash generation, borrowings, and any factors affecting comparability before treating these figures as a forecast.
4. How should investors read the valuation?
ETMarkets reported a price-to-earnings (P/E) ratio based on FY26 diluted earnings per share of 20.51 times at the ₹275 floor and 21.55 times at the ₹289 cap. It also reported a three-year weighted average return on net worth (RoNW) of 24.59%. These are reported metrics; check the RHP for the underlying diluted EPS and RoNW calculation.
The P/E changes with the offer price, but it is not a verdict on whether the IPO is cheap or expensive. To make a meaningful comparison with listed customer-experience or business-process services companies, investors would need comparable earnings periods and accounting measures, alongside growth, debt and cash position, customer concentration, geographic exposure, and the share of proceeds going to the company rather than selling shareholders. No peer valuation comparison is established by the reported figures here.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.5. What concentration and document risks need attention?
IPOinfo reports that the top five customers represented 39.55% of FY26 revenue, the top ten represented 49.66%, and the US and Canada together represented 85.26%. These figures are attributed to RHP disclosures but are secondary-source claims. Confirm them in the prospectus, including the definitions and periods used.
Customer concentration can make revenue more sensitive to the loss or reduced spending of a few clients; geographic concentration can expose results to conditions affecting a major market. The reported percentages do not, on their own, show whether client relationships are stable or whether revenue is likely to grow or fall. The RHP’s risk factors and financial notes are needed for that assessment.
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Fusion CX’s official RHP landing page identifies the prospectus dated October 8, 2026, and warns that investment in the equity shares involves a high degree of risk. The company also says that access to the prospectus is not a recommendation to subscribe. Review the complete filing for the exact proceeds allocation, risk factors, financial statements, and other disclosures before making an application decision.
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