Fusion CX IPO
Fusion CX Limited (FUSIONCX) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 22 October 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.3% (likely range -9% to +5%), day's high +1.9%, chance of a gain 49%. Actual: +5.5% at the open, +8.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 76,58,183 | 3,06,88,026 | 4.01x | |
| NII (HNI) total | 38,29,090 | 1,72,34,736 | 4.50x | |
| Big NII (above ₹10 lakh) | 25,52,727 | 1,14,62,913 | 4.49x | |
| Small NII (₹2-10 lakh) | 12,76,363 | 57,71,823 | 4.52x | |
| Retail | 25,52,727 | 1,45,41,630 | 5.70x | |
| Total | 1,40,40,000 | 6,24,64,392 | 4.45x |
Bids on NSE and BSE together, as published by NSE, as of 16 Oct 2026, 07:00 PM. Shares offered exclude the anchor portion. 20% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Fusion CX's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Craftsman AutomationMar 2021 | 5.21x | 2.84x | 3.43x | 3.81x | ₹824 Cr | -8.8% | 0.0% |
| AceVectorSep 2026 | 3.38x | 8.16x | 4.62x | 4.93x | ₹429 Cr | -11.5% | -10.2% |
| Brigade Hotel VenturesJul 2025 | 5.42x | 1.92x | 6.40x | 4.48x | ₹805 Cr | -9.9% | -2.4% |
| Capital Small Finance BankFeb 2024 | 6.64x | 4.05x | 2.49x | 4.00x | ₹544 Cr | -8.1% | -1.1% |
| Tamilnad Mercantile BankSep 2022 | 1.62x | 2.94x | 6.48x | 2.86x | ₹808 Cr | -2.9% | +1.0% |
| Elin ElectronicsDec 2022 | 4.51x | 3.29x | 2.20x | 3.09x | ₹501 Cr | -1.2% | -0.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Nuvama Wealth Management | 35 | +11.9% | 66% |
| IIFL Capital Services | 94 | +19.3% | 71% |
| Motilal Oswal Investment Advisors | 47 | +15.0% | 72% |
Offer documents (NSE)
Frequently asked
What is the Fusion CX IPO price band and lot size? ₹275–289 per share, with a lot of 51 shares, so the smallest retail bid is ₹14,739.
How many times has it been subscribed? 4.45x overall: QIB 4.01x, NII 4.50x, retail 5.70x.
How did it list? It opened at ₹305, +5.5% against the issue price of ₹289, and closed its first day +0.2%.
