Shares of AI-powered customer experience solutions provider Fusion CX made a positive market debut, listing at ₹305 on the NSE, a 5.54% premium over the issue price of ₹289.
New Delhi, October 22 — Shares of Fusion CX Ltd listed at a premium on Thursday, with the stock opening at ₹305 on the NSE, up 5.54% from the IPO issue price of ₹289.
On the BSE, the stock debuted at ₹292, representing a 1.04% premium over the issue price.
Following the listing, Fusion CX’s market capitalisation stood at around ₹4,310.60 crore on the NSE and ₹4,340.19 crore on the BSE.
The listing came on a weak day for the broader equity market.
The BSE Sensex was down 139.42 points, or 0.19%, at 73,570.27, while the NSE Nifty fell 61.75 points, or 0.27%, to 22,749.60.
Fusion CX’s ₹702 crore initial public offering had received a strong response from investors, with the issue subscribed 4.45 times on the final day of bidding.
The company had fixed a price band of ₹275-289 per share.
The IPO comprised a fresh issue of shares worth up to ₹500 crore and an offer for sale worth up to ₹202 crore by existing shareholders P N S Business Pvt Ltd and Rasish Consultants Pvt Ltd.
Fusion CX plans to use a significant part of the fresh issue proceeds to strengthen its balance sheet and invest in technology.
Around ₹275 crore is proposed to be used for repayment of debt of the company and its subsidiaries.
Another ₹61 crore will be invested in step-down subsidiaries Omind Technologies Inc and Omind Technologies to upgrade IT tools.
The remaining proceeds will be used for acquisitions, other strategic initiatives and general corporate purposes.
Kolkata-based Fusion CX provides customer experience and AI-driven solutions across several sectors, including telecommunications, healthcare, technology, travel, banking, financial services, insurance and retail.
The positive listing reflects investor interest in companies positioned at the intersection of AI, customer experience and digital services, even as broader market sentiment remained subdued.
