The Fusion Microfinance date has been confirmed from Novemeber 2 and ended on November 4.
The Fusion Microfinance IPO date has been scheduled; the IPO will go public on November 2 and will close on November 4, 2022. Fusion Microfinance IPO will generate approximately 1,104 crores through an IPO that will include a fresh issue of 600 crores and an offer for sale of up to 13,695,466 equity shares of 10 apiece. The retail share is 35%, the QIB share is 50%, and the HNI share is 15%.
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Bidding Dates
Novemeber 2 – 4, 2022
Price Range
₹350 to ₹368 per share
Face Value
₹10 per share
GMP
₹-4
Fusion Microfinance GMP
The Fusion Microfinance IPO GMP is ₹[-4].
IPO Overview
The Fusion Micro Finance IPO, valued at Rs 1,103.99 crores, is a book built issue. It consists of a fresh issue of Rs 600.00 crore and an offer for sale of 1.37 crore shares. The bidding for the Fusion Micro Finance IPO commenced on November 2, 2022, and concluded on November 4, 2022. The allotment for the IPO was finalized on Thursday, November 10, 2022. Subsequently, the shares were listed on both the BSE and NSE on November 15, 2022. The price band for the Fusion Micro Finance IPO is set at ₹350 to ₹368 per share. Retail investors are required to apply for a minimum lot size of 40 shares, with a minimum investment amount of ₹14,720. As for sNII, the minimum lot size investment is 14 lots (560 shares), totaling ₹206,080, while for bNII, it is 68 lots (2,720 shares), amounting to ₹1,000,960.
Fusion Microfinance IPO Date & Price Band Details
| IPO Open: | November 2, 2022 |
| IPO Close: | November 4, 2022 |
| IPO Size: | Approx ₹1,104 Crores |
| Fresh Issue: | Approx ₹600 Crores |
| Offer for Sale: | Approx 13,695,466 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹350 to ₹368 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
Fusion Microfinance IPO Market Lot
The Fusion Microfinance IPO minimum market lot is 40 shares with ₹14,720 application amount. The retail investors can apply up-to 13 lots with 520 shares or ₹191,360 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 40 | ₹14,720 |
| Retail Maximum | 13 | 520 | ₹191,360 |
| S-HNI Minimum | 14 | 560 | ₹206,080 |
| B-HNI Minimum | 68 | 2,720 | ₹1,000,960 |
Fusion Microfinance IPO Allotment and Listing Dates
| Price Band Announcement: | October 28, 2022 |
| Anchor Investors Allotment: | November 1, 2022 |
| IPO Open Date: | November 2, 2022 |
| IPO Close Date: | November 4, 2022 |
| Basis of Allotment: | November 10, 2022 |
| Refunds: | November 11, 2022 |
| Credit to Demat Account: | November 14, 2022 |
| Fusion Microfinance IPO Listing Date: | November 15, 2022 |
Fusion Microfinance Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
| 2020 | ₹730 | ₹630 | ₹69.61 |
| 2021 | ₹873 | ₹816 | ₹43.94 |
| 2022 | ₹1201 | ₹1177 | ₹21.76 |
Fusion Microfinance IPO Valuation, FY2021
Check Fusion Microfinance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.64 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 1.63% |
| Net Asset Value (NAV): | ₹161.67 per Equity Share |
Company Profile
The Fusion Micro Finance IPO is scheduled to open on November 2nd and close on November 4th. The IPO includes a fresh issue valued at Rs. 600 crore and an offer for sale of up to 13,695,466 equity shares by the promoter and other existing shareholders. Among the shares being offered for sale, Devesh Sachdev and Mini Sachdev are selling 6.5 lakh and 1 lakh shares respectively. Early investors such as Honey Rose Investment and Creation Investments will also be selling 14 lakh shares each. Oikocredit and Ecumenical Development Cooperative Society UA will sell 66.1 lakh shares, while Global Impact Funds SCA SiCAR will sell 35.4 lakh shares.
The shares will be allotted on November 10th and the IPO will be listed on November 15th. The lot size is 40 shares per lot and the price band is set at Rs. 350 – Rs. 368 per share. Prior to the IPO, the promoters hold a joint stake of 85.5% in the company, while the other selling shareholders hold a 12.03% stake. The book running lead managers for the issue are IIFL Securities Ltd, ICICI Securities Ltd, CLSA India Pvt Ltd, and JM Financial Ltd.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 22 4918 6200 |
| Email ID | fusion.ipo@linkintime.co.in |
| Website | https://www.linkintime.co.in |
Contact Details
| Name | Fusion Micro Finance |
| Phone number | +91 11 46646600 |
| Email ID | companysecretary@fusionmicrofinance.com |
| Website | https://www.fusionmicrofinance.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
