Fusion CX IPO Review: Unprecedented 4.7x Profit Growth in Just Two Years—Is It Worth Your Investment?

Kolkata-based Fusion CX is set to open its IPO from October 14 to October 16, 2026, with a total issue size of INR 702 crore. The price band is fixed between INR 275 and INR 289 per share, requiring a minimum lot size of 51 shares, equating to an investment of INR 14,739 at the upper price band. The company aims to utilize the funds primarily to reduce debt by INR 275.70 crore, alongside investment in its AI subsidiary, Omind.

In the grey market, sentiment appears optimistic, reflecting strong demand for the stock, driven by Fusion CX’s impressive financial growth, including a profit after tax (PAT) spike from INR 36.26 crore in FY 2024 to INR 169.84 crore in FY 2026. With a robust revenue increase of 1.83 times during the same period and improving margins, this signals a favorable outlook for potential investors. Additionally, the overall conditions in the outsourcing and customer experience market indicate promising growth that may further support the company’s valuation.

This IPO presents a valuable opportunity for Indian investors, particularly those interested in tech-driven service sectors. The financial strength, combined with a notable client base and an expansion strategy in AI, enhances Fusion CX’s prospects for growth. However, potential investors should remain mindful of its dependence on the North American market and the pending legal disputes that could impact future performance.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)