Latest news with #FusionCX
Time of India
5 days ago
- Business
- Time of India
Fusion CX plans to raise Rs 1,000cr through IPO for expansion and debt repayment
Kolkata: City-based Fusion CX Limited — a customer experience (CX) service provider delivering high-end and integrated CX services across multiple channels, including voice, email, chat, social media, and messaging — plans to raise Rs 1,000 crore through an IPO (Initial Public Offering) and has filed a DRHP (Draft Red Herring Prospectus) with SEBI. The company focuses on key verticals, including telecom, high-tech growth and travel (HTT), BFSI, retail, and healthcare. According to the DRHP, the IPO comprises a fresh issue of equity shares aggregating up to Rs 600 crore and an offer for sale of equity shares aggregating up to Rs 400 crore. The OFS comprises a stake sale by the promoter-selling shareholders — P N S Business Private Limited and Rasish Consultants Private Limited. Fusion CX proposes to utilise the net proceeds of the fresh issue towards funding the following objectives: Rs 291.8 crore towards repayment/prepayment of certain outstanding borrowings availed by the company and certain subsidiaries (direct and certain step-down subsidiaries); Rs 74.7 crore towards investment in step-down subsidiaries, Omind Technologies Inc., and Omind Technologies Private Limited for upgrading IT tools; and the remaining towards pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo As per the DRHP, a pre-IPO placement may be undertaken by the company aggregating up to Rs 120 crore, before the filing of the RHP with the registrar of companies. Fusion CX reported revenue from operations of Rs 991 crore and a profit after tax (PAT) of Rs 36 crore for FY24, while its revenue for the nine months ended FY25 (9MFY25) was Rs 925 crore with a PAT of Rs 47 crore. Nuvama Wealth Management Limited, IIFL Capital Services Limited, and Motilal Oswal Investment Advisors Limited are the book-running lead managers to the issue. The equity shares are proposed to be listed on BSE and NSE.
Time of India
5 days ago
- Business
- Time of India
Kolkata-based Fusion CX files DRHP with Sebi to raise Rs 1,000 crore through IPO
Kolkata-based Fusion CX Limited has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise ₹1,000 crore through an initial public offering (IPO). The company provides customer experience (CX) services using voice, chat, email, social media, and messaging platforms. It focuses on industries like telecom, high-tech, travel, BFSI, retail, and IPO will include a fresh issue of equity shares worth ₹600 crore and an offer for sale (OFS) of ₹400 crore. The OFS will involve share sales by promoter entities, P N S Business Private Limited and Rasish Consultants Private Limited. Fusion CX may also conduct a pre-IPO placement of up to ₹120 crore, which would reduce the size of the fresh issue accordingly. The company plans to use ₹291.8 crore from the IPO proceeds to repay or prepay loans taken by the company and its subsidiaries. Another ₹74.7 crore will be used to invest in its subsidiaries Omind Technologies Inc. and Omind Technologies Private Limited for upgrading their IT tools. The rest of the funds will go toward acquisitions, strategic expansion, and general corporate purposes. Founded in 2004, Fusion CX offers intelligent, multilingual customer engagement services using proprietary AI tools and digital technologies. The company has grown into a global operation with 40 delivery centers across 15 countries as of December 31, 2024. Its customer base includes 197 clients, among them 22 Fortune 1000 companies such as Ajio, Meesho, Arvind Fashion, Leonardo Hotels, and Insurance Express. For the financial year 2023–24, Fusion CX reported revenue of ₹991 crore and a net profit of ₹36 crore. In the first nine months of FY25, it recorded revenue of ₹925 crore and a profit of ₹47 crore. The IPO will be managed by Nuvama Wealth Management , IIFL Capital Services , and Motilal Oswal Investment Advisors. The company's shares will be listed on the BSE and NSE post-approval.
Mint
6 days ago
- Business
- Mint
Upcoming IPO: Fusion CX files DRHP with SEBI to raise ₹1,000 crore via initial share sale
Fusion CX IPO: Customer experience service provider Fusion CX has filed its draft red herring prospectus (DRHP) with stock market regulator Securities and Exchange Board of India (SEBI) for a ₹ 1,000 crore initial public offering (IPO). Fusion CX IPO is a mix of fresh share sale of up to ₹ 600 crore and offer for sale (OFS) of up to ₹ 400 crore. PNS Business Private Limited and Rasish Consultants Private Limited are the promoter selling shareholders in the IPO. 75% of Fusion CX IPO is earmarked for the qualified institutional buyers (QIBs) while 15% is allocated to non-institutional investors (NIIs) and the remaining 10% is reserved for retail investors. The company plans to use the IPO proceeds for repayment of certain outstanding borrowings by the company and subsidiaries, investment in step-down subsidiaries and pursuing inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes. Incorporated in 2004, Fusion CX is a customer experience service provider delivering high-end, complex, and, integrated CX services across multiple channels including voice, email, chat, social media and message, and focused on key verticals such as telecom, high-tech growth and travel (HTT), BFSI, retail and healthcare. The company has developed a multilingual global network with 40 delivery centers spread across 15 countries as on December 31, 2024. It serves some 197 customers, including 22 Fortune 1000 companies. Some of its key customers include DMEC Capital Services, Telaid, Achieve Collection, Ameriflex, Coastline, Ajio, Meesho, Call Core Media, Arvind Fashion, Propneu S.A., Leonardo Hotels, Insurance Express, K2 ClaimsServices Sentry Credit, and Traya, as per the DRHP. On the financial front, Fusion CX reported a revenue from operations of ₹ 991 crore and a profit after tax (PAT) of ₹ 36 crore for FY24, while its revenue for nine months ended FY25 (9MFY25) was ₹ 925 crore with a PAT of ₹ 47 crore. Nuvama Wealth Management Limited, IIFL Capital Services and Motilal Oswal Investment Advisors are the book-running lead managers to the issue. The equity shares of Fusion CX are proposed to be listed on BSE and National Stock Exchange (NSE).
Economic Times
6 days ago
- Business
- Economic Times
Kolkata-based Fusion CX files DRHP with Sebi to raise Rs 1,000 crore through IPO
Tired of too many ads? Remove Ads Kolkata-based Fusion CX Limited has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The company provides customer experience (CX) services using voice, chat, email, social media, and messaging platforms. It focuses on industries like telecom, high-tech, travel, BFSI, retail, and IPO will include a fresh issue of equity shares worth Rs 600 crore and an offer for sale (OFS) of Rs 400 crore. The OFS will involve share sales by promoter entities, P N S Business Private Limited and Rasish Consultants Private Limited. Fusion CX may also conduct a pre-IPO placement of up to Rs 120 crore, which would reduce the size of the fresh issue company plans to use Rs 291.8 crore from the IPO proceeds to repay or prepay loans taken by the company and its subsidiaries. Another Rs 74.7 crore will be used to invest in its subsidiaries Omind Technologies Inc. and Omind Technologies Private Limited for upgrading their IT tools. The rest of the funds will go toward acquisitions, strategic expansion, and general corporate in 2004, Fusion CX offers intelligent, multilingual customer engagement services using proprietary AI tools and digital technologies. The company has grown into a global operation with 40 delivery centers across 15 countries as of December 31, 2024. Its customer base includes 197 clients, among them 22 Fortune 1000 companies such as Ajio, Meesho, Arvind Fashion, Leonardo Hotels, and Insurance the financial year 2023–24, Fusion CX reported revenue of Rs 991 crore and a net profit of Rs 36 crore. In the first nine months of FY25, it recorded revenue of Rs 925 crore and a profit of Rs 47 IPO will be managed by Nuvama Wealth Management IIFL Capital Services , and Motilal Oswal Investment Advisors. The company's shares will be listed on the BSE and NSE post-approval.
Time of India
6 days ago
- Business
- Time of India
Kolkata-based Fusion CX files DRHP with Sebi to raise Rs 1,000 crore through IPO
Kolkata-based Fusion CX Limited has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs 1,000 crore through an initial public offering (IPO). The company provides customer experience (CX) services using voice, chat, email, social media, and messaging platforms. It focuses on industries like telecom, high-tech, travel, BFSI, retail, and healthcare. The IPO will include a fresh issue of equity shares worth Rs 600 crore and an offer for sale (OFS) of Rs 400 crore. The OFS will involve share sales by promoter entities, P N S Business Private Limited and Rasish Consultants Private Limited. Fusion CX may also conduct a pre-IPO placement of up to Rs 120 crore, which would reduce the size of the fresh issue accordingly. The company plans to use Rs 291.8 crore from the IPO proceeds to repay or prepay loans taken by the company and its subsidiaries. Another Rs 74.7 crore will be used to invest in its subsidiaries Omind Technologies Inc. and Omind Technologies Private Limited for upgrading their IT tools. The rest of the funds will go toward acquisitions, strategic expansion, and general corporate purposes. Founded in 2004, Fusion CX offers intelligent, multilingual customer engagement services using proprietary AI tools and digital technologies. The company has grown into a global operation with 40 delivery centers across 15 countries as of December 31, 2024. Its customer base includes 197 clients, among them 22 Fortune 1000 companies such as Ajio, Meesho, Arvind Fashion, Leonardo Hotels, and Insurance Express. For the financial year 2023–24, Fusion CX reported revenue of Rs 991 crore and a net profit of Rs 36 crore. In the first nine months of FY25, it recorded revenue of Rs 925 crore and a profit of Rs 47 crore. The IPO will be managed by Nuvama Wealth Management , IIFL Capital Services , and Motilal Oswal Investment Advisors. The company's shares will be listed on the BSE and NSE post-approval.
