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IPO Status: Listed [2nd Nov 2022 to 4th Nov 2022]
Fusion Micro Finance Limited IPO listing on BSE and NSE, comprising a fresh issue of Rs 600 Cr and an offer for sale of 13,695,466 shares opens for subscription from Nov 2 to Nov 4 2022. The face value of shares is Rs 10 per share. The IPO price band is fixed at Rs 350-368 per share. One can apply in a lot size of 40 shares and its multiples. Stay updated with us to know more about the Fusion Micro Finance IPO Details 2022 including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.
IPO Issue Opening Date: | 2nd Nov 2022 |
IPO Issue Closing Date: | 4th Nov 2022 |
IPO Issue Price: | ₹350-368 Per Share |
DRHP: | Download DRHP |
RHP: | Download RHP |
Anchor List: | Download Anchor List |
IPO Listing At: | BSE, NSE |
Retail Quota: | 35 |
IPO Issue Type: | Book Build Issue |
IPO Issue Size: | ₹1103.99 Cr |
Offer for Sale: | 13,695,466 shares of ₹368 [Aggregating to ₹530.99 Cr.] |
Fresh Issue: | ₹600 Cr. |
Face Value: | ₹10 Per Equity Share |
Promoter Holding Pre IPO: | 85.57% |
Promoter Holding Post IPO: | |
Allotment Status: | Allotment Status |
BSE Code: | 543652 |
NSE Code: | FUSION |
Get important updates regarding Fusion Micro Finance IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
IPO Activity | Date |
---|---|
Basis of Allotment Date* | 10th Nov 2022 |
Refunds Initiation* | 11th Nov 2022 |
Credit of Shares to Demat* | 14th Nov 2022 |
IPO Listing Date* | 15th Nov 2022 |
* - Tentative Dates
IPO Activity | Date |
---|---|
Issue Price | ₹350-368 |
Market Lot: | 40 Shares |
1 Lot Amount: | ₹14720 |
Min Small HNI Lots(2-10 Lakh): | 560 shares (14 lots) |
Min Big HNI Lots(10+ Lakh): | 2720 shares (68 lots) |
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
---|---|---|---|---|---|
15-11-2022 | 368 | -4 | -- | ₹364 (-1.09%) | 15-Nov-2022 9:05 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Fusion Micro Finance provides financial services to underserved and unserved women in rural and peri-rural areas all over the country. Besides being one of the youngest NBFC companies, it is among India's top 10 largest NBFC-MFIs. As of June 30, 2022, it has a total AUM of Rs. 73,890.23 million.
It has a vast network of 966 branches across 377 districts in 19 states and union territories across India. As of June 30, 2022, its gross and net NPA ratios stood at 3.67% and 1.35% respectively.
Incorporation | Sector | IPO Issue Size | Website |
1994 | Financial Services | ₹1103.99 Cr | https://fusionmicrofinance.com/ |
The net proceeds from the IPO to be utilized towards the following purposes;
The table below is live update of IPO bidding details from NSE and BSE.
Day | QIB | NII | RII | Total | |
---|---|---|---|---|---|
# of Shares Offered | 5,956,362 (27.87%) | 4,625,749 (21.64%) | 10,793,414 (50.49%) | 21,375,525 | |
1 | 2nd Nov 2022 17:11 | 0.00x | 0.23x | 0.14x | 0.12x |
2 | 3rd Nov 2022 17:02 | 0.00x | 0.61x | 0.31x | 0.29x |
3 | 4th Nov 2022 19:02 | 8.59x | 1.38x | 0.51x | 2.95x |
Fusion Micro Finance Limited Financials (₹ in Crore) | 30-Jun-2022 | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 |
---|---|---|---|---|
Total Assets | ₹7615.24 | ₹7290.48 | ₹5837.93 | ₹4239.99 |
Total Income | ₹360.45 | ₹1201.35 | ₹873.09 | ₹730.31 |
Net Profit/Loss | ₹75.1 | ₹21.76 | ₹43.94 | ₹69.61 |
Last Updated on 18-Nov-2022 09:31:37
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Fusion Micro Finance IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Fusion Micro Finance IPO with Zerodha.
Alternate approch to apply in Fusion Micro Finance IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Fusion Micro Finance IPO Review and Important Updates
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To subscribe or apply in Fusion Micro Finance IPO, you can use the following methods:
Fusion Micro Finance IPO Applying Mode | Method | Details |
Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Fusion Micro Finance IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Fusion Micro Finance IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
Online Application | ASBA | This is one of the most popular mode of applying in Fusion Micro Finance IPO. Most of the Syndicate Banks provide access to apply in Fusion Micro Finance IPO via ASBA process. You must have your net banking access, DP ID information to apply in Fusion Micro Finance IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
Offline Application | Physical Form | You can apply in Fusion Micro Finance IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Fusion Micro Finance IPO Review and Important Updates
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Applying in Fusion Micro Finance IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Fusion Micro Finance IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Fusion Micro Finance IPO, please refer article >> Link
Fusion Micro Finance IPO Review and Important Updates
Steps to download the online application form for Fusion Micro Finance IPO
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Fusion Micro Finance IPO is going to be list on 15-11-2022. NSE Code for Fusion Micro Finance is FUSION. BSE Code for Fusion Micro Finance is 543652.
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Fusion Micro Finance IPO Allotment Date is 10-11-2022.
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