Fusion microfinance IPO

The initial public offering (IPO) of microlender Fusion Microfinance has opened for subscription on Wednesday, November 2, 2022, and the issue, with a price ...

Thus, we recommend to subscribe for listing gains," said Canara Bank Securities. Thus, considering all the factors, we recommend a Subscribe rating for this issue, but only for high-risk investors with a longterm view," said Swastika Investmart. Ahead of its IPO, the company had on Tuesday allotted 89,99,943 equity shares to 17 anchor investors at Rs 368 apiece, aggregating to Rs 331.20 crore. Fusion Micro Finance IPO GMP Promoters Devesh Sachdev, Mini Sachdev, Honey Rose Investment, and Creation Investments Fusion LLC will offload 35.5 lakh equity shares via the OFS. [IPO](https://www.news18.com/topics/ipo/) Day 1: The initial public offer (IPO) of Fusion Micro Finance was subscribed 3 per cent in the afternoon session today. Fusion Micro Finance IPO Financials The price band for the public issue has been fixed at Rs 350-368 per share. Fusion Micro Finance IPO Objective With this, retail investors can make a minimum investment of Rs 14,720 per lot. On November 1, the company will announce the amount mopped up via anchor book that is open for a day. Fusion Micro Finance IPO dates

IPO dates. The IPO of New Delhi-based microfinance company that provides financial services to underserved women across India opens its IPO for subscription on ...

The grey market premium (GMP) of the company’s shares stand at ₹40 per share. The rest of it is an offer for sale of 1.36 crore equity shares by the company's shareholders and promoters. The price band of the IPO is set at ₹350-368 a share.

Fusion Micro Finance Ltd (Fusion) was incorporated in 1994 as Ambience Fincap Pvt Ltd and, in 2009, after its takeover by Devesh Sachdev, ...

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Ahead of the IPO, Fusion Micro Finance has raised around ₹331 crore from 17 anchor investors by allotting 89,99943 equity shares at ₹368 apiece.

The key investment concerns are a large portion of collections and disbursements from customers are in cash, which exposes the company to operational risks. The IPO comprises fresh issue of equity shares worth up to ₹600 crore and OFS of up to 6.5 lakh equity shares by Devesh Sachdev (founder and chairman of the MFI); up to 1 lakh equity shares by Mini Sachdev (wife of Devesh Sachdev), and up to 14 lakh equity shares each by Honey Rose Investment and Creation Investments Fusion, LLC, owned by Warburg Pincus. “On the financials front, the company has seen decent revenue growth of 28% CAGR over FY20-22 while profit de-grew by 44% CAGR between FY20-22 due to increase in expenses,” it said. ICICI Direct has assigned “UNRATED” rating to the IPO, saying that Fusion Micro Finance is a strong player in a sustainably and well growing microfinance sector with healthy growth and operational performance. The shares of the New Delhi-based company are expected to make debut on the domestic stock exchanges BSE and NSE on November 15, 2022. Ahead of the IPO, the company has raised around ₹331 crore from 17 anchor investors by allotting 89,99,943 equity shares at ₹368 apiece, the upper end of price band.

The offer received bids for 26.04 lakh shares as against 2.13 crore shares on offer.

It is one of the youngest companies in terms of getting an NBFC- micro finance institution (MFI) licence among the top NBFC-MFIs in India in terms of AUM. The company has prioritized organic geographic diversification since inception in 2010, with a focus on strategic management of state concentration risk by expanding into underpenetrated rural areas that offer significant growth opportunities. Fusion Micro Finance is a second largest microfinance non-banking finance company (NBFC) in terms of gross loan portfolio (GLP) providing financial services to unserved and underserved women in rural and peri-rural areas across India. Ahead of the IPO, Fusion Micro Finance on Friday, 28 October 2022, raised Rs 331.2 crore from anchor investors. The issue opened for bidding on Wednesday (02 November 2022) and it will close on Friday (04 November 2022). The company proposes to utilize the net proceeds towards augmenting its capital base.

The offer received bids for 26.04 lakh shares as against 2.13 crore shares on offer.

It is one of the youngest companies in terms of getting an NBFC- micro finance institution (MFI) licence among the top NBFC-MFIs in India in terms of AUM. The company has prioritized organic geographic diversification since inception in 2010, with a focus on strategic management of state concentration risk by expanding into underpenetrated rural areas that offer significant growth opportunities. Fusion Micro Finance is a second largest microfinance non-banking finance company (NBFC) in terms of gross loan portfolio (GLP) providing financial services to unserved and underserved women in rural and peri-rural areas across India. Ahead of the IPO, Fusion Micro Finance on Friday, 28 October 2022, raised Rs 331.2 crore from anchor investors. The issue opened for bidding on Wednesday (02 November 2022) and it will close on Friday (04 November 2022). The company proposes to utilize the net proceeds towards augmenting its capital base.

The IPO received bids for 26,04,560 shares against 2,13,75,525 shares on offer, according to an update on the NSE. The non-institutional investors category ...

The company is expected to raise Rs 1,104 crore at the upper end of the price band. The Initial Public Offering (IPO) has a fresh issue of up to Rs 600 crore and an offer for sale of up to 1,36,95,466 equity shares. The offer has a price range of Rs 350-368 a share.

Fusion Micro Finance IPO Day 2: The initial public offering (IPO) of microlender Fusion Microfinance has opened for subscription and the issue, ...

ICICI Securities, CLSA India, JM Financial and IIFL Securities are the merchant bankers to the issue. The company uses a joint liability group (JLG) model, developed by Grameen Bank in Bangladesh, to give loans of up to ₹50,000. The company is well diversified and has extensive pan-India presence with strong rural focus. Ahead of its IPO, the company had on Tuesday allotted 89,99,943 equity shares to 17 anchor investors at Rs 368 apiece, aggregating to Rs 331.20 crore. Promoters Devesh Sachdev, Mini Sachdev, Honey Rose Investment, and Creation Investments Fusion LLC will offload 35.5 lakh equity shares via the OFS. Fusion Micro Finance IPO GMP Fusion Micro Finance IPO Objective The price band for the public issue has been fixed at Rs 350-368 per share. With this, retail investors can make a minimum investment of Rs 14,720 per lot. On November 1, the company will announce the amount mopped up via anchor book that is open for a day. The company on Tuesday said it has raised a little over Rs 331 crore from anchor investors ahead of its initial share sale. Fusion Micro Finance IPO dates

Fusion Micro Finance IPO received 12% subscription on the first day of the offer.

The ₹1,104-crore initial public offering of Fusion Microfinance was subscribed 12 per cent on the first day of subscription on Wednesday.

While the portion reserved for non-institutional investors received bids for 23 per cent, quota for retail individual investors was subscribed 14 per cent. The IPO of Fusion Microfinance, backed by global private equity major Warburg Pincus, received bids for about 26 lakh shares as against 2.1375 crore shares on offer. The issue will close on Friday for public subscription.