Fusion Micro Finance LTD IPO: GMP, Issue Price, issue Size

Fusion Micto FinanceLTD ipo
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Fusion Micro Finance Ltd was founded in 1994 and is specialized in offering financial services to women business owners who come from economically and socially disadvantaged backgrounds. Fusion Micro Finance LTD IPO will make its stock market debut on November 15, 2022, and is one of the top ten non-banking finance companies-micro finance institutions (NBFC-MFIs) in India.  

Fusion Micro Finance LTD IPO Details 

IPO Date Nov 2, 2022 to Nov 4, 2022 
Listing Date 15 Nov 2022 
Face Value ₹10 per share 
Price ₹350 to ₹368 per share 
Lot Size 40 Shares 
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) 
Issue Type Book Built Issue IPO 
Listing At BSE, NSE 
QIB Shares Offered Not more than 50% of the Net Offer 
NII (HNI) Shares Offered Not less than 15% of the Net Offer 
Retail Shares Offered Not less than 35% of the Offer 
Company Promoters The promoters of the Company, namely, Devesh Sachdev, Creation Investments Fusion, LLC, Creation Investments Fusion II, LLC and Honey Rose Investment Ltd 
Fusion Micro Finance LTD RHP

Fusion Micro Finance LTD IPO Tentative Dates 

Event Tentative Date 
Opening Date Nov 2, 2022 
Closing Date Nov 4, 2022 
Basis of Allotment Nov 10, 2022 
Initiation of Refunds Nov 11, 2022 
Credit of Shares to Demat Nov 14, 2022 
Listing Date Nov 15, 2022 

Inox Green IPO: GMP, Issue Size, Issue Price

Fusion Micro Finance LTD Industry Overview 

In contrast to previous trends, bank loans and deposits are primarily concentrated in the southern and western regions. Eastern and northern regions’ levels are very low. Deposit penetration has grown by in the southern area. 

The rate increased by 700 basis points on-year to 29% in the fiscal year 2021 and has remained unchanged in the fiscal year 2022. At the end of the fiscal year 2022, the southern area will account for 25% of total deposits. Considering both financial Between the years 2018 and 2022, the northern region’s proportion of banking deposits stayed constant at 21%. By way of Northern region’s proportion of banking credit has slightly decreased from 22% in the fiscal year 2018 to 21% in the 2022 fiscal year. 

Fusion Micro Finance LTD IPO

Fusion Micro Finance LTD Company Overview 

Fusion Micro Finance LTD offers financial services to underprivileged women across India to help them access more lucrative employment prospects. The business provides loans up to $50,000 using a joint liability group (JLG) concept created by Bangladesh’s Grameen Bank. It is one of the newest businesses to receive an NBFC-MFI license, and as of June 30, 2022, it ranked among the top NBFC-MFIs in India in terms of AUM. 

Fusion Micro Finance, which has 2.90 million active borrowers as of June 30, 2022, served them through a network of 966 branches and 9,262 permanent workers dispersed over 377 districts in 19 Indian states and union territories. Each of its relationship officers was in charge of managing an average of 487 active borrowers as of June 30, 2022, down from averages of 466, 513, and 494 active borrowers as of March 31, 2022, 2021, and 2020, respectively. 

Fusion company overview

Fusion Micro Finance LTD IPO Objectives 

The Following are the objectives of the issue: 

Augment the capital base of the Company. 

Fusion Micro Finance LTD Financials 

fusion financials

Fusion Micro Finance LTD Strengths 

  • No single state contributes more than 20% of the lender’s total AUM, demonstrating diversification  
  • Runs on a joint liability group-lending model, wherein women within the group provide guarantees for loans obtained by each member of the group 
  • This model ensures credit discipline through peer support within the group 

Fusion Micro Finance LTD Weaknesses

  • Its customers generally have limited sources of income, savings and credit histories 
  • Increase in NPAs or bad loans could impact the business adversely 
  • Restriction on lending. As per regulations, not more than two NBFC-MFIs may lend to the same borrower 

Company Contact Information

Fusion Micro Finance Limited
H-1, C Block,
Community Centre, Naraina Vihar,
New Delhi, 110028
Phone: +91- 011-46646600
Email: companysecretary@fusionmicrofinance.com

Fusion Micro Finance IPO Registrar

Phone: +91-22-4918 6270
Email: fusion.ipo@linkintime.co.in

Fusion Micro Finance IPO Lead Manager(s)

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