Fusion CX IPO: Investors Buy Rs 120 Cr Shares Ahead of Listing

Fusion CX is preparing for its initial public offering (IPO), with several notable investors acquiring stakes before its market debut. Kotak Mahindra Life Insurance, investor Ashish Kacholia, and Sanshi Fund-I collectively invested Rs 120 crore in the company.

The transactions involved promoters selling over 4.15 million shares at Rs 289 each, the upper limit of the IPO price range. Kotak Mahindra Life Insurance purchased shares worth Rs 50 crore, while Ashish Kacholia invested Rs 35 crore. Sanshi Fund-I, backed by Mukul Agrawal, acquired shares valued at Rs 25 crore.

The company's Rs 702-crore IPO is scheduled to open for subscription on October 14 and will close on October 16, with the anchor investor book opening on October 13. Fusion CX has set a price band of Rs 275-289 per share, valuing the company at approximately Rs 4,200 crore at the higher end.

The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of Rs 202 crore. Fusion CX plans to allocate Rs 275 crore from the fresh proceeds towards repaying outstanding borrowings. An additional Rs 61 crore will be invested in its subsidiaries to upgrade IT tools.

Founded in 2004, Fusion CX offers customer experience and AI data infrastructure services. As of June 30, 2026, the company employed 13,735 individuals and operated across 13 countries. For the financial year ending March 2026, Fusion CX reported revenues of Rs 1,818 crore and a profit after tax of Rs 169 crore.