Fusion Micro Finance Limited
Mainboard₹14,720 / 40 Shares
Fusion Micro Finance Limited IPO Details
The Fusion Micro Finance Limited IPO price band is set between 350-368 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 2 Nov, 2022 and closes on 4 Nov, 2022. Investors can check the allotment status on 10 Nov, 2022, while the listing date is tentatively scheduled for 15 Nov, 2022.
The total issue size is Approx 1,103.99 Cr., aggregating up to . Stay tuned for the latest Fusion Micro Finance Limited IPO review and GMP updates.
Fusion Micro Finance Limited IPO Review, Rating & Analysis
Fusion Micro Finance Limited IPO Review
NO REVIEWFusion Micro Finance Limited IPO Rating
Fusion Micro Finance Limited IPO Highlights
IPO Date
Nov 2, 2022 - Nov 4, 2022
Listing Date
15 Nov, 2022
Face Value
₹10 Per Equity Share
Price Band
350-368 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Fusion Micro Finance Limited IPO Lot Size
The minimum market lot for Fusion Micro Finance Limited IPO is 40 shares with an application amount of ₹14,720. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,720 |
| Retail (Max) | 13 | 520 | ₹1,91,360 |
| S-HNI (Min) | 14 | 560 | ₹2,06,080 |
| S-HNI (Max) | 67 | 2680 | ₹9,86,240 |
| B-HNI (Min) | 68 | 2720 | ₹10,00,960 |
Fusion Micro Finance Limited IPO Timeline
Issue Price
350-368 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LimitedLead Manager
ICICI Securities Limited ,CLSA India Private Limited ,IIFL Securities Ltd ,JM Financial Consultants Private LimitedIssue Size
Approx 1,103.99 Cr.Fusion Micro Finance Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 7290.48 | 1201.35 | 21.76 | - | - | - |
| 31 Mar 21 | 5837.93 | 873.09 | 43.94 | - | - | - |
| 31 Mar 20 | 4239.99 | 730.31 | 69.61 | - | - | - |
| 31 Mar 19 | N/A | N/A | N/A | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Devesh Sachdev
- Creation Investments Fusion
- Creation Investments Fusion II, LLC
- Honey Rose Investment Ltd
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 85.57% | N/A% |
About Company
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 financials 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.
Fusion Micro Finance Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,956,362 | 4,625,749 3,083,832 1,541,917 | 10,793,414 | 21,375,525 |
Day 1 -02-11-22 05:00 PM | 0.00 x | 0.23 0.24 x 0.21 x | 0.14 x | 0.12 x |
Day 2 -03-11-22 05:00 PM | 0.00 x | 0.61 0.61 x 0.60 x | 0.31 x | 0.29 x |
Day 3 -04-11-22 05:00 PM | 8.59 x | 1.38 1.52 x 1.09 x | 0.51 x | 2.95 x |
Frequently Asked Questions about Fusion Micro Finance Limited IPO
When will Fusion Micro Finance Limited IPO open for subscription?
The Fusion Micro Finance Limited IPO opens on 2 Nov, 2022 and closes on 4 Nov, 2022.
What is the investors portion for Fusion Micro Finance Limited IPO?
The investors' portion for QIB is 8.59 x, NII is 1.52 x, and Retail is 0.51 x.
How to apply for Fusion Micro Finance Limited IPO?
You can apply for Fusion Micro Finance Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Fusion Micro Finance Limited IPO?
The issue size of Fusion Micro Finance Limited IPO is approx ₹Approx 1,103.99 Cr. crores.
What is the price band of Fusion Micro Finance Limited IPO?
The price band for Fusion Micro Finance Limited IPO is 350 to ₹368 per equity share.
What is the lot size of Fusion Micro Finance Limited IPO?
The minimum bid (lot size) for Fusion Micro Finance Limited IPO is N/A shares with an investment of approx ₹14,720 .
What is the allotment date of Fusion Micro Finance Limited IPO?
The allotment date for Fusion Micro Finance Limited IPO is 10 Nov, 2022.
What is the listing date of Fusion Micro Finance Limited IPO?
The listing date for Fusion Micro Finance Limited IPO is expected to be 15 Nov, 2022.
What is the GMP of Fusion Micro Finance Limited IPO?
The latest Grey Market Premium (GMP) for Fusion Micro Finance Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.