Fusion CX Ltd.
FUSIONMainboard
Ask Iris
Overview
Fusion CX Limited is an India-incorporated customer experience (CX) and business process outsourcing (BPO) services provider that runs technology-enabled contact center and related support operations for clients, with a large portion of revenue coming from customers outside India, especially North America, and delivery supported by a wide global subsidiary footprint.
Opening Date
Oct 14, 2026
Closing Date
Oct 16, 2026
Listing Date
Oct 22, 2026
IPO Type
Mainboard
IPO Status
Upcoming
Issue Size
702 Cr
Fresh Issue
500 Cr
Offer for Sale
202 Cr
Price Band
₹275 - ₹289
Lot Size
51
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
21.62
EPS
13.37
ROE
8.99%
ROCE
19.84%
RONW
9.12%
Debt to Equity Ratio
0.51
PAT Margin
11.36%
EBITDA Margin
20.03%
P/B
5.98
Bull vs Bear
Bull case
- •
Customer concentration looks limited, so losing one client may hurt less than in a “single big client” business, helping revenue stability over time.
- •
In-house tools and platforms can create stickier delivery and better execution, and they are harder to copy because they sit inside daily processes.
- •
Past acquisitions and a continued M&A approach can add new capabilities and locations faster than building from scratch, which can widen the customer base.
Bear case
- •
Top customers already terminated contracts in Fiscal 2024, so renewals are a real pressure point that can quickly hit volumes and cash flows.
- •
Handling sensitive data makes a cyber incident costly through downtime, penalties, and lost trust, and insurance may not cover the full damage.
- •
Most revenue comes from outside India, especially North America, so regulatory, tax, or currency swings there can squeeze margins and complicate operations.
Subscription Rate
Subscription data will be available once the IPO opens.
