Fusion Micro Finance Limited IPO

Fusion Micro Finance Limited IPO

Company Profile

Commencing its business in the year 1994, Fusion Micro Finance Ltd. works to provide financial services to female business owners/entrepreneurs who are members of the economically and socially underprivileged part of society. The company's obligations are not only providing financial assistance but also educating the clients on financial management techniques.

The company’s network and services have enhanced customer access to formal credit at reasonable rates, improving the quality of life for the unserved/underserved customers in rural India. To provide that assistance, the business works on a joint liability group-lending concept, in which a small group of women (usually five to seven members) band together and mutually guarantee loans to each other.

Business Information

As of June 30, 2022, Fusion Micro Finance Ltd., is one of the top 10 NBFC-MFIs in India and holds one of the youngest workforces. Further, the company established a sizable presence all over India with currently 2.90 million active borrowers via a network of 966 units and 9,262 full-time workers who are spread across 377 districts in a total of 19 states and union territories.

Our total AUM was ₹73,890.23 million, ₹67,859.71 million, ₹46,378.39 million, and ₹36,065.24 million, respectively, as of June 30, 2022, March 31, 2022, 2021, and 2020.

Facts about the Company

  1. The workforce is well diversified

  2. The company has covered pan India locations when it comes to expansion

  3. It also is significantly focused on the rural parts of the country with proven records of execution

  4. Access to a variety of capital sources and efficient asset-liability management

Points to Note before investing in the IPO

  • One of the leading NBFC-MFIs in India

  • Despite all the obstacles like the pandemic, shortfalls, etc. it continued to boost its top line.

  • Due to higher provisioning for the pandemic, natural disasters, and branch growth costs, its bottom line has suffered for the past two fiscal years.

  • The issue is attractively priced basis on its FY23 annualized earnings

  • The investment in this IPO stands a chance to be explored from medium to long-term perspectives.

Objective of the IPO

To expand the capital base of the company. 

Fusion Micro Finance Limited IPO Details

Opening Date

Nov 02, 2022

Closing Date

Nov 04, 2022

Issue type

Book Built Issue IPO

Face Value

₹10 per share

Issue Price

₹350 to ₹368 per share

Lot Size


IPO Price

₹1,103.99 Cr

Listing At


Allotment, Listing & Refund Details

Finalization of Basis of Allotment

Nov 10, 2022

Initiation of Refunds

Nov 11, 2022

Credit of Equity Shares

Nov 14, 2022

Listing Date

Nov 15, 2022

Also Check: List of Upcoming IPOs in 2022

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