Fusion Micro Finance IPO Date, Price, GMP, Review, and Details
Since its founding in 1994, Fusion Micro Finance Ltd has focused on meeting the financial needs of female entrepreneurs from economically and socially disadvantaged backgrounds. The company’s role extends beyond providing financial assistance; it also includes educating customers on how to budget effectively.
Based on their AUM as of June30, 2022, Fusion Micro Finance Ltd is one of the youngest firms in the top 10 NBFC-MFIs in India.
As of June 30, 2022, the firm’s presence in India was substantial, with 966 branches and 9,262 permanent staff serving 377 districts in 19 states and union territories. This allowed the company to reach 2.90 million active borrowers.
The organisation operates on a joint liability group-lending model, in which a group of women (usually between five and seven individuals) pool their resources to guarantee one another’s loans.
Our entire AUM on June 30th, 2022, March 31st, 2022, 2021, and 2020 was Rs. 73,890.23m, Rs. 67,859.71m, Rs. 46,378.39m, and Rs. 36,065.24m.
Advantages in the Market
- Widespread and Diverse Coverage Across All of India.
- Proven ability to execute with a primary emphasis on rural areas.
- Ability to effectively manage assets and liabilities and access to multiple sources of capital.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 4239.99 | 730.31 | 69.61 | 1198.89 | 2973.68 |
| 31-Mar-21 | 5837.93 | 873.09 | 43.94 | 1246.36 | 4432.25 |
| 30-Jun-21 | 5824.87 | 264.96 | 4.41 | 1251.65 | 4422.65 |
| 31-Mar-22 | 7290.48 | 1201.35 | 21.76 | 1337.95 | 5775.81 |
| 30-Jun-22 | 7615.24 | 360.45 | 75.1 | 1416.46 | 6009.97 |
The Problem’s Substantive Components
The proceeds from the Offer for Sale will be distributed to the Selling Shareholders. Items in the New Edition:
1) Increase the firm’s stockholder base.
Fusion Micro Finance IPO Details
| IPO Date | Nov 2, 2022 to Nov 4, 2022 |
| Listing Date | Tuesday, November 15, 2022 |
| Face Value | ₹10 per share |
| Price | ₹350 to ₹368 per share |
| Lot Size | 40 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹1,103.99 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 13,695,466 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| Company Promoters | The promoters of the Company, namely, Devesh Sachdev, Creation Investments Fusion, LLC, Creation Investments Fusion II, LLC and Honey Rose Investment Ltd |
IPO tentative timetable for Fusion Micro Finance
The IPO for Fusion Micro Finance starts on November 2, 2022 and ends on November 4, 2022. The bid date for the IPO of Fusion Micro Finance is from November 2, 2022 at 10 a.m. to November 4, 2022 at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.
| Event | Tentative Date |
|---|---|
| Opening Date | Nov 2, 2022 |
| Closing Date | Nov 4, 2022 |
| Basis of Allotment | Nov 10, 2022 |
| Initiation of Refunds | Nov 11, 2022 |
| Credit of Shares to Demat | Nov 14, 2022 |
| Listing Date | Nov 15, 2022 |
The size of the Fusion Micro Finance IPO lot
The size of a lot in the Fusion Micro Finance IPO is 40 shares. A retail investor can apply for up to 13 lots, which is equal to 520 shares or 191,360.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,720 |
| Retail (Max) | 13 | 520 | ₹191,360 |
| S-HNI (Min) | 14 | 560 | ₹206,080 |
| B-HNI (Min) | 68 | 2,720 | ₹1,000,960 |
Status of Subscriptions to the IPO of Fusion Micro Finance (Bidding Detail)
At 7:00 PM on November 4, 2022, 2.95 times as many people have signed up for the Fusion Micro Finance IPO. The public offering was bought out 0.51 times by retail investors, 8.59 times by QIB investors, and 1.38 times by NII investors. Check the details of your Day by Day subscription (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 8.59 |
| NII | 1.38 |
| bNII (bids above ₹10L) | 1.52 |
| sNII (bids below ₹10L) | 1.09 |
| Retail | 0.51 |
| Total | 2.95 |
Fusion Micro Finance IPO Listing Date
| Listing Date | Tuesday, November 15, 2022 |
| BSE Script Code | 543652 |
| NSE Symbol | FUSION |
| Listing In | B Group of Securities |
| ISIN | INE139R01012 |
| IPO Price | ₹368 per share |
| Face Value | ₹10 per share |
Listing Day Trading Information
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Company Contact Information
H-1, C Block,
Community Centre, Naraina Vihar,
New Delhi, 110028
Phone: +91- 011-46646600
Email: companysecretary@fusionmicrofinance.com
Website: https://fusionmicrofinance.com/
Fusion Micro Finance IPO FAQs
What is an IPO for Fusion Micro Finance?
Fusion Micro Finance’s initial public offering (IPO) is a main-board IPO of equity shares with a face value of 10, which could raise up to 1,103.99 Crores. The price range for each share is between 350 and 368. The least you can order is 40 Shares.
The IPO starts trading on November 2, 2022, and ends on November 4, 2022.
The IPO is being kept track of by Link Intime India Private Ltd. It is planned to list the shares on the BSE and NSE.
How to sign up for the IPO through Zerodha for Fusion Micro Finance?
Customers of Zerodha can use UPI as a payment gateway to apply online for the Fusion Micro Finance IPO. Fusion Micro Finance IPO applicants can log in to their Zerodha Console (back office) and fill out an IPO application form.
How to sign up for the IPO through Zerodha for Fusion Micro Finance
- Log in to Console on the Zerodha website.
- Click the IPOs link on the Portfolio page.
- Click the “Bid” button next to the “Fusion Micro Finance IPO” row.
- Type in your UPI ID, the amount, and the price.
- “Send in” your IPO application form.
- To approve the mandate, go to the UPI App (net banking or BHIM).
- Go to Review of the Zerodha IPO Application Process for more information.
When will the IPO for Fusion Micro Finance start?
The IPO for Fusion Micro Finance starts on November 2, 2022, and ends on November 4, 2022.
How to sign up for the IPO of Fusion Micro Finance?
You can use either UPI or ASBA to pay for an online application to the Fusion Micro Finance IPO. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
