Fusion Micro Finance Limited IPO Detail

Incorporated in 1994, Fusion Micro Finance Ltd is engaged in providing financial services to women entrepreneurs belonging to the economically and socially deprived section of the society. The company’s responsibilities are not restricted merely to financial support, but also to acquaint the clients to manage their finances by disseminating Financial Literacy to them.

Fusion Micro Finance Ltd is one of the youngest companies among the top 10 NBFC-MFIs in India in terms of AUM as of June 30, 2022.

The company have achieved a significant footprint across India, where the company have extended its reach to 2.90 million active borrowers which were served through our network of 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India, as of June 30, 2022.

The company’s business runs on a joint liability group-lending model, wherein a small number of women form a group (typically comprising five to seven members) and guarantee one another’s loans.

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

Competitive Strengths:

  • Well Diversified and Extensive Pan-India Presence.
  • Proven Execution Capabilities with Strong Rural Focus.
  • Access to Diversified Sources of Capital and Effective Asset Liability Management.

Company Financials

Period EndedTotal Assets(Crore)Total Revenue(Crore)Profit After Tax(Crore)Net Worth(Crore)Total Borrowing(Crore)
31-Mar-204239.99730.3169.611198.892973.68
31-Mar-215837.93873.0943.941246.364432.25
30-Jun-215824.87264.964.411251.654422.65
31-Mar-227290.481201.3521.761337.955775.81
30-Jun-227615.24360.4575.11416.466009.97

Objects of the Issue

The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.

Objects of the Fresh Issue :

1. Augment the capital base of the Company.

Fusion Micro Finance IPO Details

IPO DateNov 2, 2022 to Nov 4, 2022
Listing DateNov 15, 2022
Face Value₹10 per share
Price₹350 to ₹368 per share
Lot Size40 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹1,103.99 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹600.00 Cr)
Offer for Sale13,695,466 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot less than 35% of the Offer
Company PromotersThe promoters of the Company, namely, Devesh Sachdev, Creation Investments Fusion, LLC, Creation Investments Fusion II, LLC and Honey Rose Investment Ltd

Fusion Micro Finance IPO Tentative Timetable

Fusion Micro Finance IPO opens on Nov 2, 2022, and closes on Nov 4, 2022. The Fusion Micro Finance IPO bid date is from Nov 2, 2022 10.00 A.M. to Nov 4, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

EventTentative Date
Opening DateNov 2, 2022
Closing DateNov 4, 2022
Basis of AllotmentNov 10, 2022
Initiation of RefundsNov 11, 2022
Credit of Shares to DematNov 14, 2022
Listing DateNov 15, 2022

Fusion Micro Finance IPO Lot Size

The Fusion Micro Finance IPO lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹191,360).

ApplicationLotsSharesAmount
Retail (Min)140₹14,720
Retail (Max)13520₹191,360
S-HNI (Min)14560₹206,080
B-HNI (Min)682,720₹1,000,960

Fusion Micro Finance IPO Promoter Holding

Pre Issue Share Holding85.57%
Post Issue Share Holding

Fusion Micro Finance IPO Review

Over the years, the company has gained credentials to be among the first two MFIs in India. Though it marked growth in top lines, it posted declining profits amidst the pandemic, natural calamities, and expansion spending from FY20 to FY22. It is on a recovery path as indicated by Q1 of FY23 and based on these earnings, the issue is lucratively priced. Investors may consider an investment with a medium to long-term perspective.

Company Contact Information

Fusion Micro Finance Limited
H-1, C Block,
Community Centre, Naraina Vihar,
New Delhi, 110028
Phone: +91- 011-46646600
Email: companysecretary@fusionmicrofinance.com
Websitehttps://fusionmicrofinance.com/

Fusion Micro Finance IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: fusion.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

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