Fusion Micro Finance Limited
- IPO Date02 Nov, 2022 to 04 Nov, 2022
- Listing Date15 Nov, 2022
- Face Value₹10 per share
- Issue Price₹350 to ₹368 per share
- Lot Size-
- Minimum Investment-
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale1,36,95,466 Shares
(aggregating up to ₹503.99 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
04 Nov, 2022
Initiation of Refunds
14 Nov, 2022
Listing Date
15 Nov, 2022
02 Nov, 2022
Opening Date
10 Nov, 2022
Basis of Allotment
14 Nov, 2022
Credit of Shares
Fusion Micro Finance Limited Lot Size
Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,720 |
| Retail (Max) | 13 | 520 | ₹1,91,360 |
| S-HNI (Min) | 14 | 560 | ₹2,06,080 |
| S-HNI (Max) | 67 | 2680 | ₹9,86,240 |
| B-HNI (Min) | 68 | 2720 | ₹10,00,960 |
Fusion Micro Finance Limited Promoter Holding
The promoters of the Company, namely, Devesh Sachdev, Creation Investments Fusion, LLC, Creation Investments Fusion II, LLC and Honey Rose Investment Ltd
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 85.57% | 58.1% |
Fusion Micro Finance Limited COMPANY INFORMATION
Fusion Micro Finance IPO is a book built issue of Rs 1,103.99 crores. The issue comprises of fresh issue of Rs 600.00 crore and offer for sale of 1.37 crore shares. Fusion Micro Finance IPO bidding started from November 2, 2022 and ended on November 4, 2022. The allotment for Fusion Micro Finance IPO was finalized on Thursday, November 10, 2022. The shares got listed on BSE, NSE on November 15, 2022. Fusion Micro Finance IPO price band is set at ₹350 to ₹368 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹14,720. The minimum lot size investment for sNII is 14 lots (560 shares), amounting to ₹206,080, and for bNII, it is 68 lots (2,720 shares), amounting to ₹1,000,960. ICICI Securities Limited, Clsa India Private Limited, Iifl Securities Ltd and Jm Financial Limited are the book running lead managers of the Fusion Micro Finance IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Fusion Micro Finance IPO RHP for detailed information.
Incorporated in 1994, 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 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.
Competitive Strengths:
- Well Diversified and Extensive Pan-India Presence.
- Proven Execution Capabilities with Strong Rural Focus.
- Access to Diversified Sources of Capital and Effective Asset Liability Management.
FAQs About Fusion Micro Finance Limited
Fusion Micro Finance Limited will open on 02 Nov, 2022 and close on 04 Nov, 2022. Investors must apply within this period to participate.
The Fusion Micro Finance Limited price band is set between ₹350.00 and ₹368.00 per share. The minimum lot size is 0, requiring an investment of at least ₹0.00.
The Fusion Micro Finance Limited shares are expected to be listed on 15 Nov, 2022, subject to regulatory approvals and final allotment.
You can track your Fusion Micro Finance Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Fusion Micro Finance Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.