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FUSIONCXMAINBOARDLISTEDNSE

Fusion CX Limited

Capital Goods & Infrastructure • Total Issue: ₹702 Cr

Grey Market Premium
+₹15.04(+5.20%)
Indicative Listing: ₹304.04
Source: IPOAlerts • Updated 16/10/2026
Price Band & Minimums
Offer Price Band
₹275.00 - ₹289.00
Lot Size
51 shares
Min Investment
₹14,739
Subscription Status
4.45x
Oversubscribed
Snapshot as of Day 3
Estimated Listing Gain
+5.20%
Indicative listing: ₹304.04
Calculated from unofficial GMP, not an actual listing-day return.

Category-Wise Subscription Breakdown

Latest snapshot as of Day 3 · Overall 4.45x

QIB
4.01x
Offered: 76,58,183
Bid: 3,06,88,026
NII
4.50x
Offered: 38,29,090
Bid: 1,72,34,736
Retail
5.70x
Offered: 25,52,727
Bid: 1,45,41,630
Employee
0.00x
Day 3 bids
Total
4.45x
Offered: 1,40,40,000
Bid: 6,24,64,392

Valuation Multiples & Key Ratios

P/E Ratio
24.80x
Market Cap
₹1450.00 Cr
EPS
₹11.65
RoNW
19.80%
NAV / Share
₹68.81
P/B Ratio
4.20x
NSE Market Pulse ResearchSector Climate: PREMIUM

Sector Valuation Anchors & Multiples

Comparing Fusion CX Limited asking multiples against official 10-year historical sector norms for Capital Goods & Infrastructure.

View Source Report
Price to Earnings (P/E)
IPO Asking P/E:24.80x
Sector Current P/E:34.60x
10-Yr Historical Mean:28.20x
-12.1% discount vs 10Y mean
Asset & Earnings Ratios
IPO Asking P/B:4.20x
Sector P/B Ratio:4.20x
Sector YoY Earnings Growth:+21.50%
Sector Dividend Yield:0.85%
Institutional Net Flows
FII Net Flow (Monthly):₹2190.00 Cr
NSE Commentary:

“Robust sovereign capital outlay and multi-year order backlogs support elevated multiples.”

Educational Context Only: Official benchmarks published by NSE Economic Policy & Research — Market Pulse. Valuations provide macro reference and do not constitute investment advice.
Sector ID: INFRASTRUCTURE

Grey Market Premium (GMP) History

Real-time multi-observation premium trend line and daily price movements.

Latest GMP
+₹15.04
Peak GMP
+₹33.98
Observations
5 points
16 Oct:+₹15.04Est Gain: +5.2%
₹39₹29₹20₹10₹012 Oct13 Oct14 Oct15 Oct16 Oct
Historical Daily Observations (5)
12 Oct
+₹17.69
13 Oct
+₹26.49
14 Oct
+₹33.98
15 Oct
+₹26.03
16 Oct
+₹15.04

IPO Timeline & Schedule

Bidding Opens
2026-10-14
Bidding Closes
2026-10-16
Allotment Date
2026-10-19
Refunds Init
2026-10-21
Demat Credit
2026-10-21
Listing Date
2026-10-22
Official IPO Registrar

KFin Technologies Limited

Check Allotment on Registrar Portal

About Fusion CX Limited

Fusion CX is an information technology-enabled customer experience solutions and business process outsourcing provider delivering multi-channel engagement, technical support, back-office processing, and digital customer care services to clients across global markets. The company operates through an international network of delivery centers, providing multi-language support across key operational verticals including telecommunications, utilities, high technology, travel, financial services, retail, and healthcare. Fusion CX generates revenue primarily through fees charged for customer experience management, process automation, and technology-driven operations structured under service contracts with enterprise clients. The company integrates proprietary software applications, artificial intelligence platforms, and a global workforce to deliver integrated omnichannel customer interaction and workflow execution solutions. Fusion CX focuses on serving large international corporations with a significant operational presence in North America, Europe, and Asia-Pacific regions.

Key Business Strengths

  • Global delivery setup supporting multi-language customer operations.
  • Diversified customer base across key industry verticals.
  • Long-term relationships with key enterprise clients.
  • Proprietary artificial intelligence tools integrated into operations.
  • In-house growth driven by strategic global acquisitions.

Key Risks & Challenges

  • Heavy reliance on top 10 customers for revenue.
  • Significant revenue concentration in North American markets.
  • Vulnerability to cybersecurity breaches and data privacy laws.
  • High employee costs and talent retention challenges.
  • Exposure to foreign exchange rate fluctuations.

Transparency & Informational Notice

Grey Market Premium (GMP) is unofficial, unregulated market pricing gathered from market participants and brokers. It is provided for educational and observation purposes only and does not represent guaranteed listing price or investment advice.