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Home IPO

Fusion Micro Finance IPO Date, Price, GMP, Review, and Details

by Suraj Borade
December 21, 2022
in IPO
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Fusion Micro Finance IPO

Fusion Micro Finance IPO

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Fusion Micro Finance IPO Date, Price, GMP, Review, and Details

Fusion Micro Finance IPO
Fusion Micro Finance IPO

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

Fusion Micro Finance Limited Financial Information (Restated)
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
Fusion Micro Finance IPO
Fusion Micro Finance IPO

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

.
IPO Price
Open
Low
High
Last Trade
BSE
₹368.00
₹360.50
₹321.40
₹364.35
₹324.90
NSE
₹368.00
₹359.50
₹321.10
₹364.80
₹324.80

Company Contact Information

Fusion Micro Finance IPO
Fusion Micro Finance IPO
Fusion Micro Finance Limited
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.

 

 

 

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