Fusion Micro Finance Ltd is engaged in providing financial services to women entrepreneurs belonging to the economically and socially deprived section of the society. The company's responsibilities are not restricted merely to financial support but also to acquaint the clients to manage their financials by disseminating Financial Literacy to them.
Fusion Micro Finance Ltd is one of the youngest companies among the top 10 NBFC-MFIs in India in terms of AUM as of June 30, 2022.
The company have achieved a significant footprint across India, where the company have extended its reach to 2.90 million active borrowers which were served through our network of 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India, as of June 30, 2022.
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.
As of June 30, 2022 and March 31, 2022, 2021 and 2020, our total AUM was Rs. 73,890.23 million, Rs. 67,859.71 million, Rs. 46,378.39 million and Rs. 36,065.24 million, respectively.
The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.
Objects of the Fresh Issue: Augment the capital base of the Company.
| IPO Opening Date | 2 Nov 2022 |
|---|---|
| IPO Closing Date | 4 Nov 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 Equity Share |
| IPO Price | ₹350 to ₹368 per share |
| Market Lot | 40 Shares |
| Min Order Quantity | 40 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹1,103.99 Cr) |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 13,695,466 shares of ₹10 (aggregating up to ₹[.] Cr)) |
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
| Basis of Allotment Date | Nov 10, 2022 |
|---|---|
| Initiation of Refunds | Nov 11, 2022 |
| Credit of Shares to Demat Account | Nov 14, 2022 |
| IPO Listing Date | Nov 15, 2022 |
Fusion Micro Finance IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,103.99 Crores. The issue is priced at ₹350 to ₹368 per share. The minimum order quantity is 40 Shares.
The IPO opens on Nov 2, 2022, and closes on Nov 4, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Fusion Micro Finance IPO opens on Nov 2, 2022 and closes on Nov 4, 2022.
Fusion Micro Finance IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.
You can apply in Fusion Micro Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Fusion Micro Finance IPO will be done on Nov 10, 2022, and the allotted shares will be credited to your demat account by Nov 14, 2022.
Check the IPO allotment status.
The Fusion Micro Finance IPO listing date is Nov 15, 2022. The tentative date of Fusion Micro Finance IPO listing is Nov 15, 2022.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Fusion Micro Finance IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.
