Fusion CX IPO 2026: ₹275–289 Price Band, Live NSE Bids and Key Dates

Fusion CX IPO opens amid busy October calendar

Fusion CX Limited, a customer-experience and business-process services company, is seeking a public-market listing through a book-built initial public offering. The offer runs from 14 to 16 October 2026, giving investors a limited subscription window. The company operates in a sector where clients increasingly expect technology-supported customer support, back-office processes and data-driven services. An IPO provides access to a listed equity instrument, but it also exposes buyers to operating, valuation and market risks.

Unlike a bond, an equity share offers no contractual repayment of the amount invested. Returns depend on the business and the market price after listing. Investors should therefore look beyond the subscription multiple and unofficial grey-market premiums. The red herring prospectus, issue price, capital structure and use of proceeds are more important than social-media enthusiasm.

Fusion CX IPO price band, issue size and lot size

How much does one application cost?

The price band is ₹275 to ₹289 per equity share. The minimum lot size is 51 shares. At the upper end of the band, a single lot costs 51 × ₹289 = ₹14,739. At the lower end, the same 51 shares would cost ₹14,025. The final amount blocked or payable depends on the investor’s bid and allotment outcome.

The offer is approximately ₹702 crore at the upper band. About ₹500 crore relates to new shares issued by the company, while approximately ₹202 crore is an offer for sale by existing shareholders. This split matters because money from the fresh issue can go to the company for its stated objects, whereas OFS proceeds go to the selling shareholders, subject to expenses and offer terms.

What will the fresh-issue proceeds be used for?

The reported objects include repayment or prepayment of certain borrowings, investment in technology upgrades and other stated corporate purposes. The prospectus should be consulted for the exact amounts, group entities and timelines. Debt repayment can reduce financing costs, while technology investment may support competitiveness. Neither automatically guarantees higher earnings or a stronger listing price.

Fusion CX IPO subscription status on 15 October

NSE’s time-stamped bid position

The National Stock Exchange of India displayed a bid-data snapshot updated at 10:34:38 IST on 15 October 2026. Its category table showed approximately 0.41x overall, 1.46x retail, 0.53x non-institutional, and 0.00x qualified institutional buyer subscription in the displayed figures. The page showed 57,79,626 shares bid for against 1,40,40,000 shares offered or reserved in that view. The QIB figure was rounded to two decimal places; it does not mean literally zero bids.

These are not final subscription figures. The number can change substantially during market hours, and different portals may display NSE-only, all-exchange, category-specific or differently timed data. Anchor allocations and other reserved portions may also be handled separately. EduTaxTuber recommends presenting the exchange name, exact update time and the denominator used, rather than copying an isolated multiplier without context.

Why different websites show different numbers

Some websites refresh every few minutes; others cache figures for longer. One may report total applications while another reports shares bid for divided by shares offered. A third may exclude or include particular reserved portions. Differences do not necessarily mean manipulation, but they require reconciliation. For publication, the exchange’s time-stamped issue-information page should be the first reference, and figures should be clearly labelled as a snapshot.

Important IPO dates

The public offer opened Wednesday, 14 October 2026, and is scheduled to close Friday, 16 October 2026. Market information indicates a tentative allotment date of 19 October, refunds or fund unblocking and demat credit around 21 October, and an expected 22 October listing on the exchanges. These post-close dates are indicative and should be checked against the registrar and final notices.

The issue registrar is KFin Technologies Limited, while the lead managers named on the NSE issue page include Nuvama Wealth Management, IIFL Capital Services and Motilal Oswal Investment Advisors. Investors should verify application status through the registrar or exchange, not through unsolicited links or messages requesting passwords or OTPs.

About the company’s business

Fusion CX provides outsourced customer-experience services, combining people, processes and technology. Its business depends on client contracts, service delivery, talent availability and operational efficiency. Technology can create growth opportunities but also brings cybersecurity, automation, implementation and customer-concentration risks. Readers should inspect the prospectus for revenue composition, geographic exposure, major customers, related-party transactions and litigation disclosures.

A rapidly expanding service provider can report higher revenue while still facing pressure on margins or working capital. Conversely, improving profit does not make a stock attractively valued at every price. Before investing, compare the issue valuation with the company’s audited earnings, cash generation, debt and listed peers. Avoid treating past growth as a promise of future returns.

What are the main risks?

Business and execution risk

Customer-experience contracts may be affected by client spending cycles, competition, employee attrition, currency movements and shifts toward AI-based automation. Dependence on a limited number of clients or markets can amplify setbacks. The prospectus’s risk-factor section should be read in full rather than summarised as a generic warning.

IPO and market risk

A strong subscription multiple does not ensure a listing gain. Shares may list below the issue price or become volatile after listing. Unofficial grey-market premium quotations are neither exchange-confirmed nor reliable forecasts. The possibility of short-term losses is real even when an issue attracts attention from institutional or retail bidders.

How to apply and check allotment

Eligible investors generally apply through supported ASBA or UPI IPO workflows offered by banks and brokers. They should confirm the company name, price band, lot size and UPI mandate details before authorising a block. Funds are ordinarily blocked under the approved process rather than transferred to an unknown personal account. After the issue closes, check the registrar’s official allotment service or the exchange portal for status.

Frequently asked questions

What is the minimum retail application amount?

One lot of 51 shares costs ₹14,739 at ₹289 per share.

Is the IPO already fully subscribed?

The cited NSE snapshot at 10:34:38 IST on 15 October showed 0.41x overall in its displayed category table. Check the latest official data for subsequent changes.

Is GMP a reliable listing-price prediction?

No. GMP is unofficial and not an exchange-certified measure of demand or expected returns.

Official sources and editorial note

Primary source: NSE’s Fusion CX issue-information page and its time-stamped bid data, accessed for this report on 15 October 2026. Offer terms should be cross-checked with the RHP and registrar notices. Disclaimer: This is educational information, may contain AI-assisted drafting reviewed against sources, and is not a recommendation to subscribe. EduTaxTuber is not responsible for investment losses; seek professional advice where needed.

Official sources

• NSE official Fusion CX issue information and bid snapshot, 15 October 2026
• NSE IPO market information

Disclaimer: EduTaxTuber provides content for general educational and informational purposes only. While we make reasonable efforts to keep the information accurate and updated, laws, regulations, market conditions, software features, and other information may change. Some content may be created or assisted by AI tools and may contain errors or omissions. Readers should verify important information with official sources or qualified professionals before making any tax, legal, financial, investment, business, or other decisions. EduTaxTuber does not guarantee the completeness or accuracy of the information and does not provide professional advice.