Fusion Micro Finance Limited IPO
Fusion Micro Finance IPO Review
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.
Fusion Micro Products and Services
Fusion Micro Finance 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 and productivity enhancing purposes as well as MSME loans to eligible enterprises.
Subject to certain eligibility criteria, this company also offers existing customers top-up loans to manage interim working capital requirements for existing businesses as well as emergency loans to fund urgent financial needs arising as a result of unforeseen events such as health emergencies, natural disasters and family bereavements.
This company has wide Pan India presence and is managed by experience team. Their financial statement shows the company is recovering post pandemic as finance and loan sector was highly affected by the pandemic. As per the company’s growth, investors can consider to apply for this IPO.