Fusion CX came to market through an IPO that opened on 14 October 2026 and closed on 16 October 2026, and the shares listed on 22 October 2026 on the NSE and BSE. The price band was ₹275 to ₹289 per share and one lot was 51 shares, so the minimum application was ₹14,739. The issue size was ₹702 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹305, a gain of 5.5% against the issue price of ₹289. Kfin Technologies Ltd was the registrar to the issue, and IIFL Capital Services Ltd., Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Ltd. were the lead managers.
The issue was subscribed 4.68 times overall.
Incorporated in 2004, Fusion CX Limited is a cutting-edge CX solution provider that offers premium, multi-language, and multi-channel engagement solutions through voice, chat, email, social media, and messaging channels. Fusion CX has deliberately transformed itself into a tech-savvy CX partner driven by SaaS. The range of services offered by Fusion CX includes customer acquisition, customer service, order fulfillment, payment and collections, customer retention, technical support and digital solutions.
The solutions provided by Fusion CX are designed specifically for verticals such as telecom and utilities, healthcare and life sciences, BFSI, retail, and high-tech and travel (HTT), where the company has established domain expertise. The AI-led omnichannel approach adopted by Fusion CX helps in providing intelligent automation and human assistance services covering the entire customer lifecycle.
As described in the offer document.
Pankaj Dhanuka, Kishore Saraogi, P N S Business Pvt.Ltd., Rasish Consultants Pvt.Ltd.. Promoter holding 99.03% before the issue and 81.82% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
₹275 to ₹289 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 51 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,739.
₹14,739, for one lot of 51 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 14 October 2026 and closed on 16 October 2026.
The basis of allotment was published on 19 October 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 22 October 2026 on the NSE and BSE, opening at ₹305.
The issue size was ₹702 crore. The fresh issue was 1,73,01,038 shares (aggregating up to ₹500 crore). The offer for sale was 69,89,619 shares (aggregating up to ₹202 crore).
It listed at ₹305 against an issue price of ₹289, a gain of 5.5 percent on listing day.