Kolkata: Kolkata-based Fusion CX Limited has set the price band for its Rs 702-crore IPO at Rs 275-289 per share, valuing the company at Rs 4,200 crore at the upper end. The issue opens Oct 14 and closes Oct 16; the anchor book opens Oct 13.
The IPO comprises a fresh issue of Rs 500 crore and an offer for sale (OFS) of Rs 202 crore by promoter selling shareholders PNS Business Private Limited and Rasish Consultants Private Limited. Fusion CX will use fresh issue proceeds to repay outstanding borrowings (Rs 275 crore), invest in subsidiaries Omind Technologies Inc and Omind Technologies Private Limited for upgrading AI tools Arya and MindVoice (Rs 61 crore), and pursue acquisitions and general corporate purposes with the remainder. Incorporated in 2004 by co-founders Pankaj Dhanuka and Kishore Saraogi, Fusion CX is a customer experience and AI data infrastructure services provider. The company reported revenue of Rs 1,818 crore and profit after tax of Rs 169 crore for FY26.
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