Fusion CX Files DRHP with SEBI to Raise Rs 1,000 Crore
Bengaluru: Kolkata-based customer experience service provider, Fusion CX Limited, has filed a draft red herring prospectus (DRHP) with SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares worth up to Rs 600 crore and an offer for sale of shares aggregating up to Rs 400 crore.
IPO Details
- Fresh Issue: Rs 600 crore
- Offer for Sale (OFS): Rs 400 crore, comprising stake sales by promoters P N S Business Private Limited and Rasish Consultants Private Limited
Utilization of Funds
The company plans to utilize the proceeds as follows:
- Debt Repayment: Rs 292 crore
- IT Upgrades: Rs 75 crore for investment in step-down subsidiaries Omind Technologies Inc and Omind Technologies Private Limited
- Inorganic Growth: Funds will be used for pursuing unidentified acquisitions and strategic initiatives
- General Corporate Purposes: Remaining amount
Company Overview
Fusion CX is a customer experience service provider delivering high-end, complex, and integrated CX services across multiple channels. Focus areas include:
- Industries: Telecom, high-tech, travel, BFSI, retail, and healthcare
- Global Presence: 40 delivery centers across 15 countries
- Client Portfolio: 197 customers, including 22 Fortune 1000 companies
Financial Performance
- FY24 Revenue: Rs 991 crore
- FY24 PAT: Rs 36 crore
- 9MFY25 Revenue: Rs 925 crore
- 9MFY25 PAT: Rs 47 crore
Listing
The equity shares are proposed to be listed on BSE and NSE, with Nuvama Wealth Management, IIFL Capital Services, and Motilal Oswal Investment Advisors as the book running lead managers.
