Fusion Microfinance IPO – Started in the year 1994, Fusion Microfinance is a registered Non-Banking Financial Company (NBFC) – Microfinance (MFI) which operates in a Joint liability group lending model of Grameen.
List of Topic Covered
Key Features of Fusion Microfinance IPO
- Fusion Microfinance IPO will open on Nov 2, 2022
- You can apply in this IPO from Nov 2, 2022 to Nov 4, 2022.
- Issue Price band of the company is ₹350 to ₹368 per equity share.
- Fusion Microfinance IPO comprises fresh issue of equity shares worth ₹600 Crores and an offer for sale of 13,695,466 equity shares.
- It has a minimum 40 shares in one lot and you have to spend a minimum of ₹14,720 for 1 lot.
- Fusion Microfinance is looking to raise ₹1,103.99 Crores through this IPO.
What is Fusion Microfinance Limited
- Fusion Microfinance is a NBFC-MFI which has mainly women clients living in rural and semi-urban areas.
- It has 2.90 million active borrowers. It has 966 branches and 9,262 permanent employees spread across 377 districts and 19 states and union territories.
- Mr. Devesh Sachdev is the Founder, MD & CEO of Fusion Microfinance Ltd.
- On the revenue front, the company has been making consistent profits for the last 3 years. Positive sign for investors.
Fusion Microfinance IPO GMP
Grey market is an unregulated market to trade IPO shares before listing. Fusion Microfinance IPO price band is placed at ₹350 to ₹368 , but the grey market premium of this share is currently 1.36% i.e. at ₹5. So the share price of Fusion Microfinance in the grey market is ₹373 (₹368 + ₹5).
Click here to Get Details IPO Grey Market Premium (GMP) Live
Fusion Microfinance IPO Live Subscription Status
Fusion Microfinance IPO subscribed 0.29 times on it’s second day i.e. on November 3, 2022.
Click here to Get Details IPO Subscription Status Live
Fusion Microfinance IPO Date, Lot Size, Allotment
Global Health IPO Details
| IPO Start Date | November 2, 2022 |
| IPO Close Date | November 4, 2022 |
| Fresh Equity Share Issue | Approx. ₹600 Crores worth of equity shares |
| Offer for Sale | 13,695,466 equity shares |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹350 – ₹368 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Fusion Microfinance IPO Timetable
| IPO Start Date | November 2, 2022 |
| IPO Close Date | November 4, 2022 |
| Basis of Share Allotment Date | November 10, 2022 |
| Refunds Date | November 11, 2022 |
| Credit of shares to Demat Account Date | November 14, 2022 |
| Fusion Microfinance IPO Listing Date | November 15, 2022 |
Fusion Microfinance IPO Lot Size
| Minimum Lot Size | 40 shares for 1 lot |
| Minimum Amount | ₹ 14,720 for 1 lot |
| Maximum Lot Size | 520 Shares (13 lot) |
| Maximum Amount | ₹191,360 (for 13 Lot) |
Fusion Microfinance Financial Report (2020-2022)
| Year | Revenue | Expense | PAT (Profit / Loss After Tax) |
| 2022 | ₹1201 | ₹1177 | ₹21.76 |
| 2021 | ₹873 | ₹816 | ₹43.94 |
| 2020 | ₹730 | ₹630 | ₹69.71 |
Fusion Microfinance IPO – Basis of Allotment
- 50% quota is reserved for the QIB category.
- 15% quota is reserved for NII Category and
- 35% quota is reserved for retail investors.
How to Apply in Fusion Microfinance IPO ?
- You can apply for the Fusion Microfinance IPO through the ASBA facility available in your bank account.
- Just login to your online banking. Go to the IPO section and apply for Fusion Microfinance IPO.
- Also you can apply in this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Fusion Microfinance IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Fusion Microfinance IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Fusion Microfinance IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Fusion Microfinance IPO.
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Fusion Microfinance IPO Allotment Status
You can check Fusion Microfinance IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Fusion Microfinance IPO
Fusion Microfinance IPO Promoters
- Devesh Sachdev
- Creation Investments Fusion
- LLC
- Creation Investments Fusion II
- Honey Rose Investment Ltd
Fusion Microfinance IPO Lead Managers
- ICICI Securities Limited
- CLSA India Private Limited
- IIFL Securities Ltd
- JM Financial Consultants Private Limited
Fusion Microfinance 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 Microfinance IPO Registrar Contact Information
Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: fusion.ipo@linkintime.co.in
- Website: https://linkintime.co.in/
Paisa kaudi recommendation on Fusion Microfinance IPO
Fusion Microfinance is one of the best NBFC-MFI which has mainly women clients living in rural and semi-urban areas. Price band is a bit on higher side. Grey market premium is at ₹35. Can be considered for a long term gain. You can consider this IPO for 5% listing gain.
Keep checking the GMP for more clear picture. Stay alert as markets are volatile now a days.
Fusion Microfinance IPO FAQs
It is the main-board IPO which will be listed on NSE & BSE. They are going to raise Approx ₹1,103.99 Crores through this IPO. One lot has minimum 40 shares and you have to spend a minimum ₹14,720 for 1 lot.
Fusion Microfinance IPO price band is ₹350 to ₹368.
One lot has minimum 40 shares and you have to spend a minimum ₹14,720 for 1 lot. Maximum lot is 13 and you have to spent ₹191,360.
35% quota is reserved for retail investors. 15% quota is reserved for NII Category and 50% quota is reserved for the QIB category.
Fusion Microfinance IPO will open on November 2, 2022.
Basis of Allotment for Fusion Microfinance IPO will happen on November 11, 2022 and allotted shares will be deposited in your demat account on November 14, 2022.
Shares of Fusion Microfinance IPO will list in the market on November 15, 2022.
This covers all the points on Fusion Microfinance IPO. Please write in the comment box if you need any further information on this.
| List of Upcoming IPO in November 2022 | Click Here |
| Home | Click Here |