Fusion CX (Mainboard IPO)
📅 Dates: 14 - 16 Oct • 💰 Issue Size: 2,42,90,657 shares (agg. up to ₹702 Cr)Complete guide to Fusion CX Mainboard IPO: latest Grey Market Premium (GMP), live bidding subscription status, price band, lot size, financial report, and investment analysis.
📊 Overview & Key Highlights
| Parameter | Details |
|---|---|
| Issue Type | Mainboard IPO (BSE, NSE) |
| Issue Dates | 14 - 16 Oct |
| Price Band | ₹275 to ₹289 |
| Total Issue Size | 2,42,90,657 shares (agg. up to ₹702 Cr) |
| Minimum Market Lot | 51 shares (Min. Inv: ₹14,739) |
| Listing Price (Debut) | ₹292.00 (+₹3.00 (+1.04%) 🚀) |
| Subscription Status | 4.68x (Final / Bidding Closed) |
| Investor Demand Rating | ⭐⭐⭐☆☆ (3/5 - Moderate Demand) |
📈 Live Subscription Demand
| Category | Subscription Multiplier (x) |
|---|---|
| Qualified Institutional (QIB) | 4.21x |
| Non-Institutional / HNI | 4.73x |
| Retail Individual (RII) | 5.99x |
| Total Subscription | 4.68x (Updated: 22 Oct, 18:00) |
🎯 Investment Analysis & Verdict
📌 Business Model & Revenue Streams
Fusion CX sells a suite of SaaS tools – conversational, marketing, quality and workforce‑management platforms – to large enterprises. Clients pay subscription fees (annual or multi‑year) and, in some cases, usage‑based charges for the end‑to‑end CX services they run on the platform.🚀 Key Strengths & Growth Drivers
• Integrated platform covers the whole customer journey, giving it a stickier proposition than point‑solution rivals.• Strong foothold in high‑spending sectors (telecom, BFSI, healthcare) where digital CX spend is accelerating.
• Scalable cloud architecture lets the company add new users with minimal incremental cost, supporting rapid topline growth.
⚠️ Key Risks & Red Flags
• Revenue is heavily weighted toward a handful of large contracts; loss of any could dent earnings.• High upfront implementation costs may pressure cash flow until subscription fees materialize.
• The business is still investing heavily in product development, keeping operating losses higher than peers.
🎯 Retail Verdict
The IPO could see a short‑term price bump, but the company’s profitability path is still a work in progress. Retail investors looking for a speculative play on a growing SaaS niche may find it interesting, while those seeking stable, cash‑generating stocks should stay cautious.📅 Tentative Timetable
| Event | Tentative Date |
|---|---|
| IPO Open | Wed, Oct 14, 2026 |
| IPO Close | Fri, Oct 16, 2026 |
| Allotment | Mon, Oct 19, 2026 |
| Refund | Wed, Oct 21, 2026 |
| Credit of Shares | Wed, Oct 21, 2026 |
| Listing | Thu, Oct 22, 2026 |
💼 Market Lot & Investment Sizing
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 51 | ₹14,739 |
| Retail (Max) | 13 | 663 | ₹1,91,607 |
| S-HNI (Min) | 14 | 714 | ₹2,06,346 |
| S-HNI (Max) | 67 | 3417 | ₹9,87,513 |
| B-HNI (Min) | 68 | 3468 | ₹10,02,252 |
💰 Financial Summary
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 1,367.85 | 1,385.15 | 1,143.25 | 768.02 |
| Total Income | 503.85 | 1,851.83 | 1,352.03 | 1,021.53 |
| Profit After Tax | 55.70 | 169.84 | 74.31 | 36.26 |
| EBITDA | 95.09 | 329.87 | 197.78 | 104.62 |
| NET Worth | 24.57 | 26.74 | 16.66 | 11.05 |
| Reserves and Surplus | 607.01 | 547.97 | 345.76 | 258.54 |
| Total Borrowing | 48.06 | 58.73 | 81.93 | 83.10 |
| Amount in ₹ Crore |
🏢 About Fusion CX
Fusion CX is a technology‑focused customer experience (CX) provider that leverages its SaaS platform suite, developed through its subsidiary Omind Technologies, to deliver conversational AI, marketing AI, quality automation and workforce‑management solutions. The company offers end‑to‑end services that span customer acquisition, service, order fulfillment, payment and collection, retention, technical support and digital enablement, targeting enterprise clients in telecom, utilities, healthcare, life sciences, BFSI, retail, high‑tech and travel sectors.💬 Community Discussion & Views
Are you planning to apply for the Fusion CX IPO? Share your bidding strategy, allotment status, or listing expectations with fellow investors in the replies below!👉 Browse all upcoming Mainboard & SME IPOs on UNP
Disclaimer: All IPO details provided above are for educational and informational purposes only. Readers are advised to consult their financial advisors and review the Red Herring Prospectus (RHP) before investing.
📌 Thread Quick Navigation: Post #2: Live & Historic GMP | Post #3: Subscription Stats | Post #4: Allotment Status | Post #5: Listing Debut | Post #6: Community & Social Reviews
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