Figures last updated 21 Oct 2026, 11:00 PM IST · How we work · Report an error

Fusion Cx Limited

Mainboard IPOClosedRefund & credit todayCustomer Experience (CX) and Business Process Outsourcing (BPO)

Price band₹275 – ₹289per share · face value ₹1

Minimum investment₹14,0251 lot · 51 shares at lower band

IPO dates14 Oct – 16 OctListing 22 Oct

GMP UNOFFICIAL₹13▲ +4.50%Est. listing price ₹302Subscription PUBLIC4.68xModerateDay 3 so far · as of 5:30 PM, 16 Oct 2026

Reviewed by our team. This analysis was prepared from the offer document on 13 Oct 2026. Figures can contain errors; check them against the offer document before relying on them. It is information, not investment advice.

Valuation

At the upper price band of ₹289

INVESTORTRACK ANALYSIS

P/E (FY26 EPS)21.5x20.4x at lower band

P/B6.6xBook value ₹43.73 / share

EPS (FY26)₹13.5FY25: ₹5.9

Market cap₹4,172 CrPost-issue, at ₹289

Issue valuation16.8%Issue size ÷ market cap

Fusion Cx Limited peer comparison

From the offer document’s own listed-peer table

OFFICIAL IPO DATA

Comparison with listed industry peers: EPS, NAV, P/E, RoNW and revenue
Company	EPS basic	EPS diluted	NAV	P/E	RoNW	Revenue (₹ Cr)
Fusion Cx LimitedThis IPOFinancial statements · Restated	₹13.5	₹13.4	₹43.7	21.5x	30.7%	₹1,818.14
FirstSource Solutions LimitedFinancial statements · Consolidated	₹9.8	₹9.6	₹61.8	22.3x	15.0%	₹9,563.85
eClerx Services LimitedFinancial statements · Consolidated	₹76.2	₹74.4

The offer document does not state the offer price or price band, listing them as [●]. Listed industry peers trade at price-to-earnings multiples ranging from 14.12x for Alldigi Tech Limited to 51.07x for Hinduja Global Solutions Limited, with an industry peer group average P/E of 26.65x.

Fusion Cx IPO in context

How the size of this issue compares with every IPO in our archive

INVESTORTRACK ANALYSIS

How big the issue is

At ₹702 Cr, Fusion Cx is a larger issue than 58% of the 719 Mainboard IPOs in our archive that state an issue size (the median is ₹572 Cr).

How IPOs of a similar size listed

Of 324 Mainboard IPOs in our archive with an issue of ₹250 Cr to ₹1,000 Cr (listed 2010 to date), 67% opened above the issue price and 27% below. The median opening gain was +7.78%, and the middle half ranged from −0.39% to +30.97%.

This describes how past issues opened, not what this IPO will do: one issue can land far outside the range, the opening price says nothing about what happens afterwards, and past results are not a forecast.