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FC

Fusion CX Limited IPO

UpcomingMainboard

— · ₹275 – ₹289 · ₹702 Cr

Last updated: 13 Oct 2026, 10:53 am · 1h ago
Price Band₹275 – ₹289
Lot Size51 shares
Issue Size₹702 Cr
Subscription0x
Min. Investment₹14,739
  • Overview
  • Timeline
  • Subscription
  • Financials
  • Valuation
  • Documents
  1. 14 Oct 2026Open Date
  2. 16 Oct 2026Close Date
  3. 19 Oct 2026Allotment Date
  4. 22 Oct 2026Listing Date
IPO Snapshot
56/ 100
Opportunity Score
🟡 Fairly Valued
Broker Consensus
Neutral
GMP %
N/A
Subscription
0x
P/E
21.46x
ROE
30.3%
ROCE
71.59%
DRHP — N/A RHP — N/A

“Broker Consensus” is CAPITA1's algorithmic verdict from GMP, subscription, fundamentals & valuation — broker recommendations aren't in our data feed. GMP is an unofficial grey-market estimate. Not investment advice.

Fusion CX Limited IPO valuation · at upper band ₹289

🟡 Fairly Valued
Market Cap (Post-IPO)
₹3,643.93 Cr
Market Cap (Pre-IPO)
₹3,307.08 Cr
Enterprise Value
₹4,333.16 Cr
Earnings Per Share (EPS)
₹13.47
Net Asset Value per Share (NAV)
₹43.73
Price to Earnings (P/E) at upper band
21.46x
Price to Book (P/B)
6.61x
EV / EBITDA
12.01x
Return on Net Worth (RoNW)
30.74%
Return on Equity (ROE)
30.3%
Return on Capital Employed (ROCE)
71.59%
Debt / equity
1.25
Formulas used (all at upper price band)
  • Market Cap (Post-IPO) = Upper Price × Post-issue Shares (Shares = Latest FY PAT ÷ EPS)
  • Market Cap (Pre-IPO) = Post-IPO Market Cap − Fresh Issue
  • Enterprise Value = Market Cap + Total Debt − Cash (cash assumed nil)
  • Total Debt = Debt/Equity × Net Worth
  • Net Worth = NAV (Book Value/Share) × Post-issue Shares
  • P/E Ratio = Upper Price ÷ EPS
  • P/B Ratio = Upper Price ÷ NAV
  • EV / EBITDA = Enterprise Value ÷ EBITDA

Company financials (EPS, NAV, ratios) from Issuer DRHP figures, compiled from public IPO listings. Ratios computed at the upper price band; not investment advice.

AI IPO AnalysisAI

DRHP / RHP IntelligenceAI

Generate an AI read of the offer document — business, risks, promoters, use of funds and an educational verdict, with citations back into the filing.

GMP (Grey Market Premium)

Not available.

No exchange publishes a grey-market premium; this is not investment advice.

Subscription

Overall
0x
QIB
—
HNI / NII
—
Retail
—
Employee
—

Updated 13 Oct 2026, 10:53 am

Timeline

Open Date
14 Oct 2026
Close Date
16 Oct 2026
Allotment
19 Oct 2026
Refund
21 Oct 2026
Demat Credit
21 Oct 2026
Listing
22 Oct 2026

Lot Size & Offer

Lot Size
51 shares
Min Investment
₹14,739
Fresh Issue
₹500 Cr
Offer for Sale
₹202 Cr

Issue Structure

Issue Type
100% Book Building
Face Value
₹1
Fresh Issue
₹500 Cr

New shares — the money goes to the company.

Offer for Sale
₹202 Cr

Existing shares — the money goes to the selling shareholders.

Retail Application Cap
₹2,00,000

Regulatory maximum for one retail application.

As stated in the issue information filed with NSE.

Reservation

QIB
75%
NII / HNI
15%
Retail
10%
Employee
Not Available

Objectives of the Issue

  • Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by (i) Company; (ii) certain Subsidiaries (direct and certain step-down subsidiaries)
  • Investment in step-down subsidiaries, Omind Technologies Inc. and Omind Technologies Pvt.Ltd., for upgrading IT tools i.e. Arya and MindVoice
  • Pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes

Financial Highlights (₹ Cr)

PeriodRevenuePATAssetsNet Worth
20241021.5336.26768.02—
20251352.0374.311143.25—
20261851.83169.841385.15—
Jun 2026503.8555.71367.85—
Revenue Growth
+36.97%
PAT Growth
+128.56%
EBITDA
₹360.74 Cr
EBITDA Margin
19.48%
ROE
30.3%
ROCE
71.59%
Debt / equity
1.25
Net Worth
Not Available

Promoter Holding

Pre-Issue
Not Available
Post-Issue
Not Available

Registrar & Managers

Registrar
KFin Technologies Limited
Contact Person
Williams R
Email
fusion.ipo@kfintech.com
Phone
+91 40 6716 2222
Address
301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai, Maharashtra, 400070
Book Running Lead Managers
  • Nuvama Wealth Management Limited
  • IIFL Capital Services Limited and Motilal Oswal Investment Advisors Limited

Offer Documents

RHP DRHP — Not Available Basis of Issue Price Bidding Centres

Market data: NSE (official calendar, issue filing and subscription) · CAPITA1 desk (GMP) · updated 13 Oct 2026, 10:53 am

Fundamentals: Issuer DRHP figures, compiled from public IPO listings · fetched 13 Oct 2026, 10:53 am

IPO calendar, issue details and subscription from NSE. Any grey-market premium shown is CAPITA1’s own unofficial estimate, collected daily from grey-market sources — not investment advice, and no exchange publishes one. Company fundamentals (financials, peers) are not part of the live feed.

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