Fusion Microfinance IPO GMP, Price, Date, Allotment

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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.

Fusion Micro Finance IPO

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 Dates2 – 4 November 2022
Fusion Microfinance IPO PriceINR 350 – 368 per share
Fresh issueINR 600 crore
Offer For Sale13,695,466 shares (INR 479.34 – 503.99 crore)
Total IPO sizeINR 1,079.34 – 1,103.99 crore
Minimum bid (lot size)40 shares (INR 14,720)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Fusion Microfinance Financial Performance

 FY 2020FY 2021FY 2022
Revenue720.3855.81,151.3
Expenses630.3816.31,176.9
Net income69.643.921.8
Margin (%)9.665.131.89

Figures in INR crore unless specified otherwise


Fusion Microfinance Offer News


Fusion Microfinance Valuations & Margins

FY 2020FY 2021FY 2022
EPS10.325.492.64
PE ratio132.58 – 139.39
RONW (%)5.813.531.63
Debt/Equity2.483.564.32
NAV161.67

As per Proforma Condensed Combined Financial Information


Fusion Microfinance IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
14 Nov 20225300600
12 Nov 20225300600
11 Nov 20225300600
10 Nov 20225300600
9 Nov 20225300600
8 Nov 20228300500
7 Nov 202215350600
4 Nov 202210250500
3 Nov 202235350600
2 Nov 202235
1 Nov 202235
31 Oct 202235
29 Oct 202230
28 Oct 202240

Fusion Microfinance IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered59,56,36246,25,7491,07,93,4142,13,75,525
2 Nov 20220.000.230.150.13
3 Nov 20220.000.610.310.29
4 Nov 20228.591.380.512.95
As on 07:00:00 PM

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 Date2 November 2022
Fusion Microfinance IPO Closing Date4 November 2022
Finalisation of Basis of Allotment10 November 2022
Initiation of refunds11 November 2022
Transfer of shares to demat accounts14 November 2022
Fusion Microfinance IPO Listing Date15 November 2022
Opening Price on NSEINR 359.5 per share (down 2.31%)
Closing Price on NSEINR 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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