Fusion Microfinance IPO Review, Date, GMP, Price, Lot Size

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.

Fusion Microfinance IPO - Paisa kaudi
Fusion Microfinance IPO – Paisa kaudi

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 DateNovember 2, 2022
IPO Close DateNovember 4, 2022
Fresh Equity Share IssueApprox. ₹600 Crores
worth of equity shares
Offer for Sale13,695,466 equity shares
Face Value₹10 Per Equity Share
Price Band₹350 – ₹368 Per Equity Share
Retail Quota Share35%
QIB Quota50%
NII (HNI) Quota15%
Listing onNSE & BSE
Employee Discount
DRHPView
Fusion Microfinance IPO – Key points to know before investing

Fusion Microfinance IPO Timetable

IPO Start DateNovember 2, 2022
IPO Close DateNovember 4, 2022
Basis of Share Allotment DateNovember 10, 2022
Refunds DateNovember 11, 2022
Credit of shares to Demat Account DateNovember 14, 2022
Fusion Microfinance IPO Listing DateNovember 15, 2022
Fusion Microfinance IPO Timetable – Paisa kaudi

Fusion Microfinance IPO Lot Size

Minimum Lot Size40 shares for 1 lot
Minimum Amount₹ 14,720 for 1 lot
Maximum Lot Size520 Shares (13 lot)
Maximum Amount₹191,360 (for 13 Lot)
Fusion Microfinance IPO Lot size – Paisa kaudi

Fusion Microfinance Financial Report (2020-2022)

YearRevenueExpensePAT (Profit / Loss After Tax)
2022₹1201₹1177 21.76
2021₹873₹816 43.94
2020₹730₹630 69.71
Fusion Microfinance Revenue Report (Figures are in Crores)

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

Fusion Microfinance IPO Registrar Contact Information

Link Intime India Private Ltd

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

What is Fusion Microfinance IPO?

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.

What is Fusion Microfinance IPO price band?

Fusion Microfinance IPO price band is ₹350 to ₹368.

What is the lot size of Fusion Microfinance IPO?

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.

What is the investors portion in Fusion Microfinance IPO?

35% quota is reserved for retail investors. 15% quota is reserved for NII Category and 50% quota is reserved for the QIB category.

When Fusion Microfinance IPO will open?

Fusion Microfinance IPO will open on November 2, 2022.

When is the Fusion Microfinance IPO Allotment?

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.

When is the Fusion Microfinance IPO Listing Date?

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.

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