Fusion Micro Finance Limited
IPO Details
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Company Fin.
₹-3(-0.82%)
Premium (ELP)
Fusion Micro Finance Limited's successfully completed its Initial Public Offering and commenced trading on Nov 15, 2022 at the NSE, BSE exchange. The company raised 2,99,99,813 Shares through this public offering, comprising 1,63,04,347 Shares in fresh capital and ₹503.99 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹368 to ₹368, with minimum application lots of 40 shares. The offering attracted significant investor interest during its subscription period from Nov 02, 2022 to Nov 04, 2022.
Share allotment was finalized on Nov 10, 2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Fusion Micro Finance Ltd focuses on empowering women entrepreneurs from economically and socially underserved communities by providing financial services and financial literacy. As one of India's fastest-growing NBFC-MFIs, it operates on a joint liability group-lending model, ensuring financial inclusion. As of June 30, 2022, the company had a significant footprint across 19 states and union territories, serving 2.90 million active borrowers through 966 branches and over 9,262 employees. With a steadily growing AUM reaching ₹73,890.23 million by mid-2022, Fusion Micro Finance plays a crucial role in driving financial independence for women in India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Pan-India Presence: Operates across the country with a well-diversified footprint.
- Strong Execution Capabilities: Proven track record with a strong focus on rural markets.
- Diversified Funding Access: Supported by multiple capital sources and effective asset–liability management.
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- Devesh Sachdev
- Creation Investments Fusion
- Creation Investments Fusion II, LLC
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Fusion Micro Finance Limited
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