Fusion Microfinance IPO Date, Price, Review
Fusion Microfinance IPO: Know everything about Fusion Microfinance IPO. Fusion Microfinance International Limited IPO Date, Fusion Microfinance Ltd IPO Review and analysis. We will discus about Fusion Microfinance IPO Benefits & Risks. Also, all information related to Fusion Microfinance IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Fusion Microfinance IPO
Fusion Microfinance Limited primarily provides its solutions in the rural markets, which include loans and financial products. Fusion Microfinance Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 1103.99 crore through IPO (Initial public offering).
Fusion Microfinance IPO will open on 02 November 2022 and close on 04 November 2022. The price band of the Fusion Microfinance IPO is ₹350 to ₹368. Harsha Engineer's IPO size is 1103.99 Crores. The offer includes - Crores under fresh issue and - Crores under offer for sale. Fusion Microfinance IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Fusion Microfinance IPO listing date is 15 November 2022. You can know about Fusion Microfinance IPO GMP (Grey Market Premium) below.
Fusion Microfinance has given good financial performance. The company made a profit of ₹21.76 crores in the financial year 2022 (March 2021). The IPO of Fusion Microfinance will be listed on NSE and BSE. Fusion Microfinance IPO face value is ₹10 per equity share.
We will talk about Fusion Microfinance's financials, benefits, and risks of investing in the company.
About Fusion Microfinance International Ltd
Fusion Microfinance Limited provides financial services to underserved and underserved women in rural and peri-rural areas across India. The company experienced the third-fastest gross loan portfolio growth, with India's top NBFC-MFI growing at 44 percent during 2018 and 2021.
The company has improved access to formal credit at affordable prices through its network and services. The company has been able to leverage the customer-centric model and wide distribution network.
With these capabilities, the company has established a deep presence in rural markets across India. The company provides an increasing variety of financial products primarily in areas where access to financial services is limited.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements for the purchase of new machinery.
- To meet general corporate objectives.
Fusion Microfinance IPO Date and Price Band Details
| IPO Open: | 02 November 2022 |
| IPO Close: | 04 November 2022 |
| Listing Date: | 15 November 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹1103.99 crores |
| Fresh Issue: | Approx ₹- crores |
| Offer For Sale: | Approx ₹- crores |
| Price Band: | ₹350 to ₹368 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Fusion Microfinance IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 40 Shares |
| Minimum Amount: | ₹14,720 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 520 Shares |
| Maximum Amount: | ₹191,360 |
Fusion Microfinance IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 02 November 2022 |
| IPO Closing Date: | 04 November 2022 |
| Basis of Allotment: | 10 November 2022 |
| Refund Date: | 11 November 2022 |
| Credit to Demat Account: | 14 November 2022 |
| Listing Date: | 15 November 2022 |
Fusion Microfinance IPO Review
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You can also check latest IPO subscription status and IPO allotment status of Fusion Microfinance IPO on our website.
Fusion Microfinance Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company has a strong presence along with a focus on rural areas.
- The company has an experienced management team and directors.
- The main focus of the company is to provide financial solutions to the low-middle-income group of women.
- The company has a solid customer base.
- The company had made a profit of ₹ 49.30 crore in the financial year 2021.
Risks
- An increase in the Non-Performing Assets (NPA) or provisions of the Company, may have a negative impact on the Company in the future.
- The impact of the COVID-19 pandemic on Fusion Microfinance is still unknown.
- The directors of the company are subject to legal proceedings. Any bad result could be for their company.
- Any disruption in the company's funding sources could have a negative impact on the company's growth.
- Any defect, deficiency, or security breach in their information technology systems could have a negative impact on their operations.
- Any reduction in a company's credit rating could have a negative impact on its access to financing and credit markets.
Fusion Microfinance Ltd Financials
Fusion Microfinance Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2020 | ₹4239.99 | ₹730.31 | ₹69.61 |
| Mar 2021 | ₹5837.93 | ₹873.09 | ₹43.94 |
| Mar 2022 | ₹7290.48 | ₹1201.35 | ₹21.76 |
| Jun 2022 | ₹7615.24 | ₹360.45 | ₹75.1 |
Promoters
- The promoters of the company are:
- Devesh Sachdev
- Honey Rose Investment Ltd
- Creation Investments Fusion LLC
- Creation Investments Fusion II LLC
Contact Details of Fusion Microfinance
H-1, C Block, Community Centre
Naraina Vihar,
New Delhi, 110028, India
Telephone: +91 1246910500
E-mail: companysecretary@fusionmicrofinance.in
Website:www.fusionmicrofinance.com
Fusion Microfinance Lead Managers
- IIFL Securities Limited
- JM Financial Limited
- ICICI Securities Limited
- CLSA India Private Limited
Fusion Microfinance IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: fusion.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been good. In the financial year 2022, the company had a profit of Rs 21.76 crore. Our suggestion will be updated when the Fusion Microfinance Limited IPO starts. Fusion Microfinance Limited IPO financial details and other information are given above.
Fusion Microfinance IPO FAQs
How to Apply the Fusion Microfinance Ltd IPO with Zerodha?
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