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Fusion Micro Finance Limited IPO Date, Price, Review and Details

 

Fusion Micro Finance Limited IPO

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Fusion Micro Finance Limited IPO

Fusion Micro Finance Limited was incorporated in the year 2010. It was founded with the core idea of creating opportunities at the bottom of the pyramid. They are doing so by providing financial services to unserved and underserved women in rural and peri-rural areas across India. This firms believes that their network and services have improved accessibility to formal credit at affordable prices and leaving positively impact on the lives of customers in rural India. It is among one of the youngest companies (in terms of getting an NBFC-MFI licence) among the top NBFC-MFIs in India in terms of AUM as of June 30, 2022, as per CRISIL.

Their key product offerings are income-generating loans that provide capital for the women entrepreneurs in rural areas to fund businesses operating in the agriculture-allied and agriculture, manufacturing and production, trade and retail and various services sectors. In addition, Fusion Micro Finance offers cross-sell loans to the existing customers that are utilized for livelihood.

Company Promoters:
Devesh Sachdev, Creation Investments Fusion, LLC, Creation Investments Fusion II, LLC and Honey Rose Investment Limited.

Objects of this Issue:
• Selling Shareholders will be entitled to their respective portion of the proceeds from Offer for Sale after deducting their proportion of Offer expenses and relevant taxes thereon.
• Utilizing the Net Proceeds towards augmenting its capital base from the fresh issue.
• Expects to receive the benefits of listing on the stock exchanges.

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2022

As on 31 Mar 2021

As on 31 Mar 2020

Total Assets

72,904.82

58,379.33

42,399.94

Total Liabilities

59,525.31

45,915.78

30,411.05

Net Profit

217.55

439.44

696.10

The offer:

Particulars

Shares Available for allotment

Percentage of Shares Available for allotment

QIB

59,56,362 Equity shares

Not more than 50% of the net offer size

Non-Institutional Portion

46,25,749 Equity shares

Not less than 15% of the net offer size

Retail

1,07,93,414 Equity shares

Not less than 35% of the net offer size

Eligible Employees

-

-

Net offer size

2,13,75,525 Equity shares

N/A

Fusion Micro Finance Limited IPO Details

Issue Open

02 Nov 2022

Issue Close

04 Nov 2022

IPO Price

₹350 - ₹368 per equity share

Face Value

₹10 per equity share

IPO Size

₹1,103.99 Cr.

Listing At

NSE, BSE

IPO Lot Size

40 Shares

Fusion Micro Finance Limited IPO Promoter Holdings:

Pre-Issue Share Holding

85.57%

Post-Issue Share Holding

58.10%

Fusion Micro Finance Limited IPO Schedule
1. Bid or Offer Opens on: 02nd Nov 2022
2. Bid or Offer Closes on: 04th Nov 202
3. Finalization of BoA: 10th Nov 2022
4. Initiation of Refunds: 11th Nov 2022
5. Credit of shares to demat account: 14th Nov 2022
6. Listing Date: 15th Nov 2022

Fusion Micro Finance Limited IPO Lot Size
Market lot size of the Fusion Micro Finance Limited IPO is 40 shares. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

40

₹14,720

Maximum

13

520

₹1,91,360

S-HNI

Minimum

14

560

₹2,06,080

B-HNI

Minimum

68

2,720

₹10,00,960

Company Contact Details:
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 Micro Finance Limited IPO Registrar Details:
Link Intime India Private Limited
C 101, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai – 400083,
Maharashtra, India.

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

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