Fusion CX Files ₹1,000 Crore IPO Papers with SEBI

Fusion CX Ltd, a Kolkata-based customer experience service provider, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹1,000 crore through an initial public offering (IPO).

The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹600 crore and an offer for sale (OFS) of shares worth ₹400 crore by existing promoters, P N S Business Private Ltd and Rasish Consultants Private Ltd.

The company plans to utilize the proceeds from the fresh issue to fund its expansion plans, enhance technological capabilities, and meet general corporate purposes. The OFS component will allow the promoters to partially divest their holdings.

Fusion CX specializes in providing customer experience services across various sectors, including telecommunications, banking, financial services, and healthcare. The company operates delivery centers in India and has a presence in multiple international markets.

The IPO is subject to regulatory approvals, and the company is expected to announce the price band and launch dates upon receiving the necessary clearances from SEBI.