Fusion Micro Finance IPO vs Global Health IPO

Comparision between Fusion Micro Finance IPO and Global Health IPO.

IPO Details

Fusion Micro Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Global Health IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fusion Micro Finance IPO	Global Health IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Clsa India Private Limited Iifl Securities Ltd Jm Financial Limited	Kotak Mahindra Capital Company Limited Credit Suisse Securities (India) Private Limited Jefferies India Private Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Fusion Micro Finance IPO is up to ₹1,103.99 Cr whereas the issue size of the Global Health IPO is up to ₹2,205.57 Cr. The final issue price of Fusion Micro Finance IPO is ₹368.00 per share and of Global Health IPO is ₹336.00 per share.

	Fusion Micro Finance IPO	Global Health IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹350.00 per share	₹319.00 per share
Issue Price (Upper)	₹368.00 per share	₹336.00 per share
Issue Price (Final)	₹368.00 per share	₹336.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	44 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹500.00 Cr
OFS Issue Size	1,36,95,466 shares	5,07,61,000 shares
OFS Issue Size (Amount)		up to ₹1,705.57 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹1,103.99 Cr	up to ₹2,205.57 Cr

IPO Timetable

Fusion Micro Finance IPO opens on Nov 02, 2022, while Global Health IPO opens on Nov 03, 2022. The closing date of Fusion Micro Finance IPO and Global Health IPO is Nov 04, 2022, and Nov 07, 2022, respectively.

	Fusion Micro Finance IPO	Global Health IPO
Anchor Bid Date
Issue Open	Nov 02, 2022	Nov 03, 2022
Issue Close	Nov 04, 2022	Nov 07, 2022
Basis Of Allotment (Tentative)	Nov 10, 2022	Nov 11, 2022
Initiation of Refunds (Tentative)	Nov 11, 2022	Nov 14, 2022
Credit of Share (Tentative)	Nov 14, 2022	Nov 15, 2022
Listing date (Tentative)	Nov 15, 2022	Nov 16, 2022
Anchor Lockin End date 1	Dec 10, 2022	Dec 11, 2022
Anchor Lockin End date 2	Feb 08, 2023	Feb 09, 2023

Financials

Fusion Micro Finance IPO P/E ratio is 12.33, as compared to Global Health IPO P/E ratio of 38.36.

Fusion Micro Finance IPO

Global Health IPO

Financial

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
Amount in ₹ Crore

Global Health Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2666.29	1544.27	36.33	1349.54	621.94
30-Jun-20	2855.11	491.58	41.76	1425.38	725.07
31-Mar-21	2694.1	1478.16	28.8	1382.34	644.6
31-Mar-22	3145.52	2205.82	196.2	1616.01	837.86
30-Jun-22	3221.94	626.54	58.71	1675.55	794.45
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.57%

35%

Promoter Shareholding (Post-Issue)

58.10%

33%

P/E Ratio

12.33

38.36

Market Cap

₹3703.21 Cr.

₹9011.01 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fusion Micro Finance IPO retail investors (RII) are offered 1,07,93,414 shares while in Global Health IPO retail investors are offered 1,07,93,414 shares. Qualified institutional buyers (QIB) are offered 59,56,362 shares in Fusion Micro Finance IPO and 1,35,24,905 shares in Global Health IPO.

	Fusion Micro Finance IPO	Global Health IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	59,56,362 shares	1,35,24,905 shares
NII	46,25,749 shares	99,65,248 shares
RII	1,07,93,414 shares	2,32,52,244 shares
Employee	0 shares	0 shares
Others
Total	2,13,75,525 shares	4,67,42,397 shares

Bids Received (Subscription)

Fusion Micro Finance IPO subscribed 2.95x in total, whereas Global Health IPO subscribed 9.58x.

	Fusion Micro Finance IPO	Global Health IPO
QIB (times)	8.59x	28.64x
NII (times)	1.38x	4.02x
Big NII (times)	1.52x	5.16x
Small NII (times)	1.09x	1.73x
RII (times)	0.51x	0.88x
Employee (times)
Other (times)
Total (times)	2.95x	9.58x

Compare with others

Fusion Micro Finance IPO	Global Health IPO
Landmark Cars IPO	Keystone Realtors IPO
Keystone Realtors IPO	Inox Green Energy IPO
Inox Green Energy IPO	Archean Chemical IPO
Archean Chemical IPO	Bikaji Foods IPO
Bikaji Foods IPO	Fusion Micro Finance IPO
Global Health IPO	Five Star Business Finance IPO
Five Star Business Finance IPO	Uniparts India IPO
Uniparts India IPO	Kaynes Technology IPO
Kaynes Technology IPO	Electronics Mart India IPO
Electronics Mart India IPO	DCX Systems IPO

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