Fusion CX's initial public offering (IPO) has been subscribed 1.29 times as of the final day of bidding on October 16, 2026. This means investors have placed bids for more shares than are available, showing strong interest in the company. The IPO includes a fresh issuance of shares worth ₹500 crore and an offer for sale (OFS) of ₹202 crore by existing shareholders PNS Business and Rasish Consultants.
- The IPO price band is set between ₹275 and ₹289 per share.
- Total shares on offer are 1,40,40,000, with bids received for 1,81,26,777 shares.
- Retail investors subscribed 4.26 times their quota.
- Non-institutional investors subscribed 1.80 times their quota.
- Qualified institutional buyers (QIBs) subscribed 5% of their quota.
- IPO allotment is expected on October 19, 2026.
- Shares will be listed on the secondary market on October 22, 2026.
What does Fusion CX do?
Fusion CX provides AI-powered customer experience solutions across various industries such as healthcare, telecommunications, travel, banking, financial services, insurance, technology, and retail. Their services include AI data infrastructure like data annotation, data collection, image and video labeling, and robotic teleoperations.
How will Fusion CX use the funds raised from the IPO?
The company plans to use ₹275 crore of the fresh funds to repay or prepay certain borrowings of the firm and its subsidiaries. Approximately ₹61 crore will be invested in its step-down units, Omind Technologies Pvt Ltd and Omind Technologies Inc, to upgrade IT tools. The remaining funds will support unidentified acquisitions, other strategic initiatives, and general corporate purposes.
What is the significance of the IPO subscription numbers?
The IPO subscription numbers indicate strong investor confidence. Retail investors showed the highest demand by subscribing 4.26 times their allocated shares. Non-institutional investors also showed good interest with 1.80 times subscription. However, qualified institutional buyers subscribed only 5% of their quota, which is relatively low.
When will investors know their allotment status?
The allotment of shares is expected to be finalized on Monday, October 19, 2026. Investors can check their subscription status after this date to know if they have received shares.
When will Fusion CX shares be available for trading?
The shares of Fusion CX will be listed on the secondary market and available for trading starting Thursday, October 22, 2026.
Frequently Asked Questions
Q: What is the price band for Fusion CX IPO?
A: The price band is set between ₹275 and ₹289 per share.
Q: How many shares were offered in the IPO?
A: A total of 1,40,40,000 shares were on offer.
Q: What sectors does Fusion CX serve?
A: Fusion CX serves healthcare, telecommunications, travel, banking, financial services, insurance, technology, and retail sectors.
Q: When will the IPO allotment be finalized?
A: The allotment is expected to be finalized on October 19, 2026.
Q: When will the shares start trading?
A: Shares will be listed and start trading on October 22, 2026.
