Fusion CX IPO ends with 4.45 times subscription
Fusion CX received bids for 6,24,64,392 shares as against 1,40,40,000 shares on offer. The issue was subscribed 4.45 times. The issue opened for bidding on 14 October 2026 and closed on 16 October 2026. The price band of the IPO was fixed between Rs 275 and 289 per share.
The qualified institutional buyers' (QIB) portion was subscribed 4.01 times, while the non-institutional investors' (NII) category was subscribed 4.50 times. The retail individual investors' (RII) segment was subscribed 5.70 times.
The IPO comprised a fresh issue of up to Rs 500 crore and an offer for sale (OFS) worth Rs 202 crore at the upper price band of Rs 289 per equity share. Under the OFS, the selling shareholders are promoter group entities PNS Business and Rasish Consultants.
The company utilized Rs 275.70 crore from the fresh issue proceeds for the repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company and certain subsidiaries. Further, Rs 61.15 crore was invested in its step-down subsidiaries, Omind Technologies Inc and Omind Technologies Private Limited, to upgrade IT tools, namely Arya and MindVoice. The remaining proceeds were used for general corporate purposes.
Fusion CX is a customer experience and business process solutions provider offering multichannel customer support, digital solutions and AI data infrastructure services. Its services include customer acquisition, customer service, order fulfillment, payment and collection, customer retention, technical support and AI-powered solutions for marketing, conversational AI, quality automation and workforce management through its subsidiary, Omind Technologies. As of June 30, 2026, the company operated 40 delivery centres across 13 countries, supported customers in 28 languages and served 208 customers, including 22 Fortune 1000 companies. It caters to industries such as telecom and utilities, healthcare and life sciences, high-tech and travel, BFSI and retail. The company follows an acquisition-led growth strategy to expand its capabilities and industry presence, having acquired VA Platinum Offshoring Pty Ltd in FY2026, Skycom BPO USA, Scribe.ology LLC USA, Sequential Technology International USA in 2025, and S4 Communications LLC USA in 2024.
Ahead of the IPO, Fusion CX, on 13 October 2026, raised Rs 315.89 crore from anchor investors. The board allotted 1.09 crore shares at Rs 289 each to 19 anchor investors.
The firm reported a consolidated net profit of Rs 55.70 crore and sales of Rs 490.48 crore for the twelve months ended on 31 March 2026.
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