Fusion MicroFinance Ltd. IPO Details: IPO Open 2nd Nov 2022
About the company
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 finances 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 the 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, The 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.
Founded: 1994
Company Promoters, CEO & Managing Director of the Company
Funder: Devesh Sachdev
Managing Director & CEO : Devesh Sachdev
Fusion MicroFinance Ltd. IPO Details
| Issue Amount | Upto Rs 600 Crores |
| Post Issue Implied Market Cap | Rs. 3,703 Crore |
| Offer for Sale | 29,99,999 Equity Shares |
| IPO Open Date | Nov 2, 2022 to Nov 4, 2022 |
| Offer Type | Book Built Offer |
| Face Value | Rs 10 Per Share |
| Price Band | Rs 350 to 368 |
| Lot Size | 40 Shares |
| IPO Registrar | Link InTime India Private Ltd. |
Fusion Finance IPO Timeline, IPO Open Date, Listing Date, Refund Date
| IPO Open Date | 2 November 2022 |
| IPO Close Date | 4 November 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 10 November 2022 |
| Initiation of Refunds | 11 November 2022 |
| Credit of Shares to Demat Account | 14 November 2022 |
| IPO Listing Date (Trading Commence) NSE & BSE | 15 November 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employee | – |
| Total | 100% |
Objects Of The Offer:
- The company propose to utilize the net proceeds towards augmenting its capital base.
- In addition, the company expects to receive the benefits of listing of the equity share on the stock exchanges, enhance the company’s brand name amongst its existing & potential customers and create a public market for their equity shares in india.
Important Financial Data:
For the year/period ended (₹ in Crores) Last Three Year
| Particulars (in ₹ Crores) | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | 7,290 | 5,838 | 4,240 |
| Total Revenue | 1201 | 873 | 730 |
| Net Profit & Loss For The Period After Tax | 21.97 | 43.94 | 70.11 |
Prospectus Document:
Download RHP File
Download DRHP File
Know all about this IPO
Fusion MicroFinance Ltd. IPO?
Issue Amount : Upto Rs 600 Crore.
What is Fusion Micro Finance IPO?
IPO is a main-board IPO. They are going to raise ₹ 600 Crores via IPO. The issue is priced at ₹ 350 to ₹ 368 per equity share. The IPO is to be listed on BSE & NSE.
Fusion IPO Open?
Wednesday, 02 November 2022 to Friday 4 November 2022.
Fusion MicroFinance Limited IPO Will Open?
The IPO is to open on 02 November 2022 for QIB, NII, and Retail Investors.
The Fusion MicroFinance IPO Promoter Holding
Pre Issue Share Holding 85.57%
Post Issue Share Holding –
Company Address & Contact Info.
Fusion Micro Finance Limited
H-1, C Block,
Community Centre, Naraina Vihar,
New Delhi, 110028
Phone: +91- 011-46646600
Email: companysecretary@fusionmicrofinance.com
Website: https://fusionmicrofinance.com/
Fusion Finance Limited IPO Registrar
Link Intime India Private Limited
C 101, 247 Park L.B.S. Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Telephone: +91-22-4918 6270
E-mail: fusion.ipo@linkintime.co.in
Website: www.linkintime.co.in
SEBI registration number: INR000004058
How to apply on Zerodha, Fusion Finance IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Fusion MicroFinance Ltd. IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Fusion MicroFinance IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Fusion MicroFinance IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can check status on zerodha console.
Click Here to Open Zerodha Account
Fusion MicroFinance Logo, Fusion Micro Finance Limited Logo
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