Fusion Microfinance IPO description – The company provides financial services to unserved and underserved women in rural and peri-rural areas across India. Its network and services have improved accessibility to formal credit at affordable prices, thereby positively impacting the lives of its customers in rural India. It had the fourth fastest gross loan portfolio CAGR of 53.89% between the financial years 2017 and 2021 among the 10 largest NBFC-MFIs in India. As of 30 June 2022 and 31 March 2022, its total AUM was INR 73,890.23 million and INR 67,859.71 million, respectively.
Fusion Microfinance serves 2.90 million active borrowers through its network of 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India, as of 30 June 2022.
As of 30 June 2022, its share of AUM from customers in rural areas represented 91.37% of total AUM. Its focus customer segment is women in rural areas with an annual household income of up to INR 300,000. The company’s business runs on a joint liability group-lending model, wherein a small number of women form a group (typically comprising five to seven members) and guarantee one another’s loans.
Promoters of Fusion Microfinance – Devesh Sachdev, Creation Investments Fusion LLC, Creation Investments Fusion LLC and Honey Rose Investment Ltd
Fusion Microfinance IPO Details
| Fusion Microfinance IPO Dates | 2 – 4 November 2022 |
| Fusion Microfinance IPO Price | INR 350 – 368 per share |
| Fresh issue | INR 600 crore |
| Offer For Sale | 13,695,466 shares (INR 479.34 – 503.99 crore) |
| Total IPO size | INR 1,079.34 – 1,103.99 crore |
| Minimum bid (lot size) | 40 shares (INR 14,720) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Fusion Microfinance Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 720.3 | 855.8 | 1,151.3 |
| Expenses | 630.3 | 816.3 | 1,176.9 |
| Net income | 69.6 | 43.9 | 21.8 |
| Margin (%) | 9.66 | 5.13 | 1.89 |
Figures in INR crore unless specified otherwise
Fusion Microfinance Offer News
Fusion Microfinance Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 10.32 | 5.49 | 2.64 |
| PE ratio | – | – | 132.58 – 139.39 |
| RONW (%) | 5.81 | 3.53 | 1.63 |
| Debt/Equity | 2.48 | 3.56 | 4.32 |
| NAV | – | – | 161.67 |
As per Proforma Condensed Combined Financial Information
Fusion Microfinance IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 14 Nov 2022 | 5 | 300 | 600 |
| 12 Nov 2022 | 5 | 300 | 600 |
| 11 Nov 2022 | 5 | 300 | 600 |
| 10 Nov 2022 | 5 | 300 | 600 |
| 9 Nov 2022 | 5 | 300 | 600 |
| 8 Nov 2022 | 8 | 300 | 500 |
| 7 Nov 2022 | 15 | 350 | 600 |
| 4 Nov 2022 | 10 | 250 | 500 |
| 3 Nov 2022 | 35 | 350 | 600 |
| 2 Nov 2022 | 35 | – | – |
| 1 Nov 2022 | 35 | – | – |
| 31 Oct 2022 | 35 | – | – |
| 29 Oct 2022 | 30 | – | – |
| 28 Oct 2022 | 40 | – | – |
Fusion Microfinance IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 59,56,362 | 46,25,749 | 1,07,93,414 | 2,13,75,525 |
| 2 Nov 2022 | 0.00 | 0.23 | 0.15 | 0.13 |
| 3 Nov 2022 | 0.00 | 0.61 | 0.31 | 0.29 |
| 4 Nov 2022 | 8.59 | 1.38 | 0.51 | 2.95 |
Fusion Microfinance IPO Reviews – Subscribe or Avoid?
Angel One – Neutral
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Avoid
Canara Bank Securities – Subscribe
Choice Broking –
Elite Wealth – Avoid
Geojit –
GEPL Capital – Subscribe for listing gains
Hem Securities – Subscribe
ICICIdirect – Unrated
Jainam Broking – Subscribe for short term
KR Choksey –
Marwadi Financial Services –
Motilal Oswal –
Nirmal Bang – Subscribe
Reliance Securities – Subscribe
Samco Securities – Avoid
Swastika Investmart – Subscribe
Ventura Securities – Not rated
Fusion Microfinance Offer 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: www.linkintime.co.in
Fusion Microfinance Contact Details
Fusion Micro Finance Limited
Plot no. 86,
Institutional Sector 32,
Gurugram, Haryana 122001
Phone: +91 11 46646600
Email: [email protected]
Website: www.fusionmicrofinance.com
Fusion Microfinance IPO Allotment Status
Fusion Microfinance IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Fusion Microfinance IPO Timetable
| Fusion Microfinance IPO Opening Date | 2 November 2022 |
| Fusion Microfinance IPO Closing Date | 4 November 2022 |
| Finalisation of Basis of Allotment | 10 November 2022 |
| Initiation of refunds | 11 November 2022 |
| Transfer of shares to demat accounts | 14 November 2022 |
| Fusion Microfinance IPO Listing Date | 15 November 2022 |
| Opening Price on NSE | INR 359.5 per share (down 2.31%) |
| Closing Price on NSE | INR 324.8 per share (down 11.74%) |
Fusion Microfinance IPO FAQs
How many shares in Fusion Microfinance IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Fusion Microfinance Public Offer?
The best way to apply in Fusion Microfinance public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Fusion Microfinance IPO GMP today?
Fusion Microfinance IPO GMP today is INR 5 per share.
What is Fusion Microfinance kostak rate today?
Fusion Microfinance kostak rate today is INR 300 per application.
What is Fusion Microfinance Subject to Sauda rate today?
Fusion Microfinance Subject to Sauda rate today is INR 600 per application.
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