Fusion CX, a company specializing in AI-powered customer experience solutions, opened its initial public offering (IPO) on October 14, 2026. The IPO aims to raise ₹702 crore through a combination of fresh shares and an offer for sale by promoters. This article explains the subscription status, anchor allocation, price band, lot size, and other important details about the IPO.
- The IPO is valued at ₹702 crore, with ₹500 crore from fresh shares and ₹202 crore from an offer for sale.
- The price band is set between ₹275 and ₹289 per share.
- The IPO subscription started on October 14 and will close on October 16, 2026.
- Anchor investors contributed ₹315 crore before the IPO opened.
- A lot size consists of 51 shares, with multiples allowed.
- Shares are expected to be listed on the NSE and BSE on October 22, 2026.
What is the current subscription status of the Fusion CX IPO?
As of the morning of October 14, 2026, the IPO has been subscribed 11%. Investors have placed bids for 14,74,563 shares compared to the 1,40,40,000 shares available. This data comes from the National Stock Exchange (NSE) as of 11:24 am on the first day of subscription.
Who are the anchor investors and what is their allocation?
Before the IPO opened to the public, Fusion CX raised ₹315 crore from anchor investors. These include well-known mutual funds such as Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Quant Mutual Fund, ICICI Prudential Mutual Fund, JM Financial Mutual Fund, ITI Mutual Fund, and Kotak Mahindra Life Insurance. Bengal Finance and Investment Pvt Ltd and foreign portfolio investors also participated.
Out of the 1,09,30,795 shares allotted to anchor investors, 85,08,703 shares went to six domestic mutual funds through 15 different schemes.
Kotak Mahindra Life Insurance Ltd acquired 5.19 lakh shares worth ₹15 crore, increasing its total investment in Fusion CX to ₹65 crore. Bengal Finance and Investment, backed by Ashish Kacholia, acquired 6.92 lakh shares worth ₹20 crore, raising its total investment to ₹155 crore.
Foreign investors in the anchor round include Loomis Sayles Global Emerging Markets Equity Fund and Meru Investment Fund PCC-Cell 1.
What is the price band and lot size for the IPO?
The IPO price band is set between ₹275 and ₹289 per share. Investors can apply for shares in lots of 51 shares, with additional shares available in multiples of 51.
What will Fusion CX do with the funds raised from the IPO?
The company plans to use the net proceeds from the IPO to repay certain outstanding borrowings taken by the company and its subsidiaries. Additionally, funds will be used for investments in step-down subsidiaries, inorganic growth through acquisitions, and general corporate purposes.
When will Fusion CX shares be listed on the stock exchanges?
Shares of Fusion CX are expected to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on October 22, 2026.
What services does Fusion CX provide?
Founded in 2004, Fusion CX offers end-to-end customer experience solutions using AI-powered tools and platforms. Their services cover multiple communication channels, including voice, social media, email, chat, and messaging, helping businesses improve customer interactions.
