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.
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
The workforce is well diversified
The company has covered pan India locations when it comes to expansion
It also is significantly focused on the rural parts of the country with proven records of execution
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.
Allotment, Listing & Refund Details
Also Check: List of Upcoming IPOs in 2022
Know more: www.5paisa.com/ipo
To apply from 5paisa Website: Apply IPO
To apply from 5paisa Mobile App: Apply IPO
We hope this information was helpful. For more details, you can post your queries below and we will be happy to share them with you.