Fusion Micro Finance IPO Price, GMP, Allotment Status, Subscription Status Details in Hindi.

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 Fusion Microfinance 's IPO will open on November 2 and close on November 4. The size of this IPO will be around 1104 crores. Out of this, there will be a fresh issue of Rs 600 crore and an offer for sale of 13,695,466 shares. The face value of the IPO will be ₹10 and the price band will be ₹350 to ₹368 per share. The minimum lot size for a retail customer is 40 shares, amounting to Rs 14,720. Retail investors can apply for a maximum of 520 shares. Whose amount will be ₹ 191,360. Fusion Microfinance IPO will be listed on NSE and BSE on 15 November. 

fusion micro finance business details

Fusion Micro Finance 's customers mainly consist of women living in rural and semi-urban areas. The focus of the company is to provide financial services to women entrepreneurs belonging to economically and socially disadvantaged section of the society. Fusion Micro Finance not only provides financial assistance but also acquaints its customers with financial literacy and financial management. The gross NPAs for the financial years FY21, FY20 and FY19 stood at 5.51 per cent, 1.12 per cent and 1.55 per cent, respectively. The company has a long experience of working in rural markets with high growth potential in the microfinance segment. As per the company website, Fusion Micro Finance has a wide network of 934 branches. It has 2.79 million customers as of March 31, 2022. The team size of this company is 8716 and the asset under management is 6785 crores.  

Fusion Micro Finance Promoter Holding Details

In this IPO, the promoters of the company Devesh Sachdev 6.50 lakh shares and Mini Sachdev 1 lakh shares, Honey Rose Investment 14 lakh shares and Creation Investments Fusion 14 lakh shares will be the selling shareholders in the OFS. Honey Rose Investment holds 48.65 per cent stake in the company. In addition, Oikocredit Ecumenical will sell 66,06,375 shares and Global Impact Fund SCA SiCAR 35,39,091 shares in the OFS. Post this IPO, the total promoter holding will come down to 58.10% from 85.57%.

Fusion Micro Finance allotment, listing and other details

This IPO will open on 02 November and close on 04 November. Other dates would be November 10 for allotment, November 11 for refund, November 14 for share demat credit and November  15 could be the listing date  . The share allotment status can be viewed on the website of Link Intime India Private Limited. Link Intime India Private Ltd is the Registrar of this IPO. ICICI Securities Limited, CLSA India Private Limited, IIFL Securities Limited and JM Financial Limited are the Lead Managers to the IPO. This IPO will be listed on both BSE and NSE exchanges. In this issue, 50% shares have been offered to QIB, 15% to NII and 35% to retail investor. The face value of this IPO will be ₹10 per share.

Financial information of Fusion Micro Finance IPO.

The company's revenue was 494 crores in FY-19, 720 crores in FY-20, 856 crores in FY-21, 1201 crores in FY-22. The profit of the company was 50 crores in FY-19, 69 crores in FY-20, 44 crores in FY-21, 21 crores in FY-22. EPS was 10.49 in FY-19, 10.47 in FY-20, 5.56 in FY-21, 2.67 in FY-22.

Fusion Micro Finance IPO Subscription Status

02 November 202203 November 202204 November 2022
Qib0.000.008.59
NII0.230.611.38
RETAIL0.140.310.51
TOTAL0.120.29
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