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%.
Fusion Microfinance Limited offers financial services to women in India’s rural and semi-urban areas. They offer their services to female entrepreneurs from economically and socially disadvantaged backgrounds. The organisation was founded in 2010 and is a registered NBFC-MFI that uses Grameen’s Joint Liability Group lending model. They have approximately 2.89 million active customers, 966 branches, 73,890.23 million AUM, and over 8,000 employees. They have a presence in 377 districts across 19 Indian states. They provide Microfinance such as
Income Generation Loans, Top-up Loans, Emergency Loans, and Cross-Sell Loans. Unsecured Business Loans, Secured Business Loans, and Machinery Loans are available through MSME.
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 |
Important Details
- Good number of active customers which is around 2.89 million.
- Good presence in India covering 377 districts in 19 states.
- Revenues increased to 1201 crores in 2022 against 873 crores in 2021.
- PAT looks stable in last few years and its on a positive note.
Fusion Microfinance IPO Review (Apply or Not)
- Neutral
Brokerage Firm IPO Review
- Nirmal Bang: Apply
- Religare Broking: Neutral
- Swastika Investment: Apply
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 & Listing Dates
The Fusion Microfinance IPO date is November 2 and the close date is November 4. The Fusion Microfinance IPO allotment will be finalized on November 10 and the IPO listing on November 15.
| 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 IPO Form
How to apply for the Fusion Microfinance IPO? –> You can apply for the Fusion Microfinance IPO using your bank account’s ASBA. Simply go in to your online bank and apply using your bank account by selecting the Fusion Microfinance IPO in the Invest section. You can also apply for Fusion Microfinance IPO using IPO forms downloaded from the NSE and BSE. Examine the Fusion Microfinance forms.
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 – FY2022
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 |
Peer Group
- CreditAccess Grameen Limited
- Spandana Sphoorty Financial Limited
- Bandhan Bank Limited
- Ujjivan Small Finance Bank Limited
- Suryoday Small Finance Bank Limited
Fusion Microfinance IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: [email protected]
Website: https://www.linkintime.co.in
Company Address
Fusion Micro Finance Limited
Plot no. 86, Institutional Sector 32,
Gurugram, Haryana 122001
Phone: +91 11 46646600
Email: [email protected]
Website: https://www.fusionmicrofinance.com
Fusion Microfinance IPO FAQs:
Q1. What is Fusion Microfinance IPO?
Ans. Fusion Microfinance IPO is a main-board IPO. They are going to raise ₹1,104 Crores via IPO. The issue is priced at ₹350 to ₹368 pr equity share. The IPO is to be listed on BSE & NSE.
Q2. When Fusion Microfinance IPO will open?
Ans. The IPO is to open on November 2, 2022 for QIB, NII, and Retail Investors.
Q3. What is Fusion Microfinance IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4. How to Apply the Fusion Microfinance IPO?
Ans. You can apply for Fusion Microfinance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Fusion Microfinance IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Fusion Microfinance”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Fusion Microfinance IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Fusion Microfinance”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Fusion Microfinance IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Fusion Microfinance”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Fusion Microfinance IPO Size?
Ans. Fusion Microfinance IPO size is ₹1,104 crores.
Q9. What is Fusion Microfinance IPO Price Band?
Ans. Fusion Microfinance IPO Price Band is ₹350 to ₹368.
Q10. What is Fusion Microfinance IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is 40 Shares with ₹14,720 amount while the maximum bid is 520 shares with ₹191,360.
Q11. What is the Fusion Microfinance IPO Allotment Date?
Ans. Fusion Microfinance IPO allotment date is November 10, 2022.
Q12. What is the Fusion Microfinance IPO Listing Date?
Ans. Fusion Microfinance IPO listing date is November 15, 2022. The IPO is to list on BSE and NSE.
