Fusion Micro Finance Limited IPO Detail
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.
Company Promoters
The promoters of the Company, namely, Devesh Sachdev, Creation Investments Fusion, LLC, Creation Investments Fusion II, LLC and Honey Rose Investment LtdIPO Details
IPO Opening Date | Nov 02, 2022 |
IPO Closing Date | Nov 04, 2022 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹350 - 368 per equity share |
Market Lot | 40 Shares |
Min Order Quantity | 40 Shares |
Listing At | BSE, NSE |
Issue Size | ₹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) |
Retail Portion | 35% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | 0x | - | - | 0.24x | 0.15x | 0.13x |
Day 2 | 0x | - | - | 0.61x | 0.3x | 0.29x |
Day 3 | 8.58x | - | - | 1.38x | 0.51x | 2.95x |
IPO Tentative Timetable
The Fusion Micro Finance Limited IPO open date is Nov 02, 2022, and the close date is Nov 04, 2022. The issue may list on Nov 15, 2022.
IPO Open Date | Nov 02, 2022 |
IPO Close Date | Nov 04, 2022 |
Basis of Allotment Date | Nov 10, 2022 |
Initiation of Refunds | Nov 11, 2022 |
Credit of Shares to Demat Account | Nov 14, 2022 |
IPO Listing Date | Nov 15, 2022 |
IPO Lot Size
The Fusion Micro Finance Limited IPO market lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹191360).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 40 | ₹14720 |
Maximum | 13 | 520 | ₹191360 |
IPO Promoter Holding
Pre Issue Share Holding | 85.57% |
Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crore)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
30-Jun-21 | 5824.87 | 264.96 | 4.41 |
31-Mar-22 | 7290.48 | 1201.35 | 21.76 |
30-Jun-22 | 7615.24 | 360.45 | 75.1 |
Objects of the Issue:
The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.
Objects of the Fresh Issue :
1. Augment the capital base of the Company.
Fusion Micro Finance Limited IPO Registrar:
Link Intime India Private Ltd
Fusion Micro Finance Limited IPO Lead Manager(s):
ICICI Securities Limited (Past IPO Performance) CLSA India Private Limited (Past IPO Performance) IIFL Securities Ltd (Past IPO Performance) JM Financial Consultants Private Limited (Past IPO Performance)
Company Contact Information:
Fusion Micro Finance Limited
H-1, C Block, Community Centre, Naraina Vihar
New Delhi
New Delhi