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Fusion Micro Finance Limited IPO Detail

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 Ltd

IPO Details

IPO Opening DateNov 02, 2022
IPO Closing DateNov 04, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹350 - 368 per equity share
Market Lot40 Shares
Min Order Quantity40 Shares
Listing AtBSE, NSE
Issue Size₹1,103.99 Cr
Fresh Issue[.] shares of ₹10 (aggregating up to ₹600.00 Cr)
Offer for Sale13,695,466 shares of ₹10 (aggregating up to ₹[.] Cr)
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0x 0.24x 0.15x 0x - 0.13x
Day 2 0x 0.61x 0.3x 0x - 0.29x
Day 3 8.58x 1.38x 0.51x 0x - 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 DateNov 02, 2022
IPO Close DateNov 04, 2022
Basis of Allotment DateNov 10, 2022
Initiation of RefundsNov 11, 2022
Credit of Shares to Demat AccountNov 14, 2022
IPO Listing DateNov 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding85.57%
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