Fusion CX
GMP
₹13.5(4.7%)
Price Band
₹275–289
Lot Size
51
shares / lot
Issue Size
₹702 Cr
Min. Investment
₹14,739
retail, at cut-off
About Company & Issue Objects
Fusion CX is an Indian industry leader offering public subscription on the NSE & BSE. The company is raising ₹702 Cr to fund capacity expansion, operational scale, and corporate objectives.
Objects of the Issue
- Funding capital expenditure requirements for business expansion and modern technology infrastructure.
- Funding incremental working capital requirements for operations.
- General corporate purposes and debt reduction to optimize capital structure.
Promoters maintain high operational leadership with post-issue holding complying with SEBI minimum public shareholding norms.
Registered Category-I Merchant Bankers
Financial Performance Track Record
Restated consolidated financial performance (in ₹ Crore):
~22% 2-Yr Revenue CAGR| Financial Metric | FY23 (₹ Cr) | FY24 (₹ Cr) | FY25 (₹ Cr) | YoY Growth |
|---|---|---|---|---|
| Revenue from Operations | ₹809 | ₹988 | ₹1213 | +23% |
| EBITDA Margin (%) | 16.8% | 17.9% | 18.5% | +60 bps |
| Profit After Tax (PAT) | ₹73 | ₹109 | ₹158 | +45% |
| Net Worth | ₹694 | ₹864 | ₹1067 | +23% |
| Diluted EPS (INR) | ₹10.03 | ₹11.77 | ₹13.37 | +14% |
Investment Moats & Key Risks
- Established market presence with diversified multi-channel customer relationships.
- Strong track record of consistent revenue growth and improving operating margins.
- Robust balance sheet with prudent debt-to-equity leverage ahead of issue.
- Strong institutional anchor interest and backing by Tier-1 merchant bankers.
- Sensitivity to broader macroeconomic cycles and key raw material price fluctuations.
- Client concentration risk with top 5 customers contributing significant portion of revenues.
- Working capital intensity requiring continuous cash flow management.
- Regulatory and environmental compliance requirements impacting operational overhead.
Peer Valuation Matrix
Valuation comparison against listed industry peers (P/E at upper band):
P/E discount vs peer average (31.2x)| Company | P/E Multiple | RoNW (%) | Annual Revenue |
|---|---|---|---|
Fusion CX Target | 21.62x | 22.4% | ₹1,264 Cr |
Industry Peer Leader A Ltd | 34.8x | 19.8% | ₹1,966 Cr |
Enterprise Peer B Ltd | 28.5x | 18.2% | ₹983 Cr |
Sector Benchmark C Ltd | 30.2x | 24.1% | ₹2,457 Cr |
Subscription Status
Updated 09 Nov, 01:20 am IST
Allotment Odds (Retail)
≈ 1 in 6
17% chance per application
Retail subscribed 5.99×
Expected lots
1.00
Capital needed
₹88,434
Apply with for roughly a 90% shot at one lot.
Estimate from the retail lottery model (~1 ÷ subscription per application). Actual registrar allotment rounds to whole lots and may differ. Each application must use a distinct PAN.
AI Research & Recommendation
Frequently Asked Questions
Timeline
Issue Opens
14 Oct 2026
Issue Closes
16 Oct 2026
Allotment
19 Oct 2026
Listing
22 Oct 2026
Issue Details
- Issue Size
- ₹702 Cr
- Price Band
- ₹275–289
- Lot Size
- 51 shares
- Registrar
- KFintech
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