
Financial Services · NSE / BSE
Fusion Micro Finance Ltd focuses on empowering women entrepreneurs from economically and socially underserved communities by providing financial services and financial literacy. As one of India's fastest-growing NBFC-MFIs, it operates on a joint liability group-lending model, ensuring financial inclusion. As of June 30, 2022, the company had a significant footprint across 19 states and union territories, serving 2.90 million active borrowers through 966 branches and over 9,262 employees. With a steadily growing AUM reaching ₹73,890.23 million by mid-2022, Fusion Micro Finance plays a crucial role in driving financial independence for women in India.
Price Band
₹368
Issue Size
₹1104 Cr
Lot Size
40 shares
GMP
-0.8%
Est. Listing
₹365
at current GMP
Subscribed
2.95x
overall
Open
2 Nov 2022
Close
4 Nov 2022
Allotment
10 Nov 2022
Refund
11 Nov 2022
Demat Credit
12 Nov 2022
Listing
15 Nov 2022
Designated Registrar: Link Intime India Private Limited
Allotment Date
10 Nov 2022
Basis finalization
Refunds Initiate
11 Nov 2022
Mandate release
Demat Credit
12 Nov 2022
Shares in demat
Listing Debut
15 Nov 2022
Trading begins
Fusion Micro Finance Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹1,103.99 Crores. The shares are offered at a price band of ₹368 to ₹368 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 40 shares (approx. ₹14,720 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-11-12, while un-allotted funds or UPI block mandates will be released on 2022-11-11.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.