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Fusion Micro Finance Limited IPO (Fusion Micro Finance IPO) Detail

Nov 2, 2022 - Nov 4, 2022

Incorporated in 1994, Fusion Micro Finance Ltd is engaged in providing financial services to women entrepreneurs belonging to the economically and socially deprived section of the society. The company's responsibilities are not restricted merely to financial support, but also to acquaint the clients to manage their finances by disseminating Financial Literacy to them.

Fusion Micro Finance Ltd is one of the youngest companies among the top 10 NBFC-MFIs in India in terms of AUM as of June 30, 2022.

The company have achieved a significant footprint across India, where the company have extended its reach to 2.90 million active borrowers which were served through our network of 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India, as of June 30, 2022.

The company's business runs on a joint liability group-lending model, wherein a small number of women form a group (typically comprising five to seven members) and guarantee one another's loans.

As of June 30, 2022 and March 31, 2022, 2021 and 2020, our total AUM was Rs. 73,890.23 million, Rs. 67,859.71 million, Rs. 46,378.39 million and Rs. 36,065.24 million, respectively.

Competitive Strengths:

  • Well Diversified and Extensive Pan-India Presence.
  • Proven Execution Capabilities with Strong Rural Focus.
  • Access to Diversified Sources of Capital and Effective Asset Liability Management.

Company Financials

Fusion Micro Finance Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-204239.99730.3169.611198.892973.68
31-Mar-215837.93873.0943.941246.364432.25
30-Jun-215824.87264.964.411251.654422.65
31-Mar-227290.481201.3521.761337.955775.81
30-Jun-227615.24360.4575.11416.466009.97
Amount in ₹ Crore

Objects of the Issue

The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.

Objects of the Fresh Issue :

1. Augment the capital base of the Company.

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 Sale13,695,466 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot 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

Fusion Micro Finance IPO Tentative Timetable

Fusion Micro Finance IPO opens on Nov 2, 2022, and closes on Nov 4, 2022. The Fusion Micro Finance IPO bid date is from Nov 2, 2022 10.00 A.M. to Nov 4, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

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

Fusion Micro Finance IPO Lot Size

The Fusion Micro Finance IPO lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (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

Fusion Micro Finance IPO Promoter Holding

Pre Issue Share Holding 85.57%
Post Issue Share Holding 58.10%

Fusion Micro Finance IPO Review

Over the years, the company has gained credentials to be among the first two MFIs in India. Though it marked growth in top lines, it posted declining profits amidst the pandemic, natural calamities, and expansion spending from FY20 to FY22. It is on a recovery path as indicated by Q1 of FY23 and based on these earnings, the issue is lucratively priced. Investors may consider an investment with a medium to long-term perspective. Read detail review...


Fusion Micro Finance IPO Subscription Status (Bidding Detail)

The Fusion Micro Finance IPO is subscribed 2.95 times on Nov 4, 2022 7:00:00 PM. The public issue subscribed 0.51 times in the retail category, 8.59 times in the QIB category, and 1.38 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB8.59
NII1.38
    bNII (bids above ₹10L)1.52
    sNII (bids below ₹10L)1.09
Retail0.51
Total2.95

Fusion Micro Finance IPO Prospectus

Fusion Micro Finance IPO Rating

397
3.6
Rating:Rated 3.6 stars
Vote Here ...

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 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 Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: fusion.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Fusion Micro Finance IPO FAQs

Fusion Micro Finance IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,103.99 Crores. The issue is priced at ₹350 to ₹368 per share. The minimum order quantity is 40 Shares.

The IPO opens on Nov 2, 2022, and closes on Nov 4, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Fusion Micro Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Fusion Micro Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Fusion Micro Finance IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Fusion Micro Finance IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Fusion Micro Finance IPO opens on Nov 2, 2022 and closes on Nov 4, 2022.

Fusion Micro Finance IPO lot size is 40 Shares and the minimum order quantity is .

You can apply in Fusion Micro Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Fusion Micro Finance IPO will be done on Nov 10, 2022, and the allotted shares will be credited to your demat account by Nov 14, 2022. Check the Fusion Micro Finance IPO allotment status.

The Fusion Micro Finance IPO listing date is on Tuesday, November 15, 2022.
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