Fusion Microfinance IPO Subscription Status: Let’s Explore the Status of Allotment Here!

In this article, we will discuss the subscription status, allotment status, and future outlook of the Fusion Microfinance IPO. As per information available on the BSE, the initial public offering of Fusion Micro Finance, a Delhi-based microfinance company, was oversubscribed 2.95 times on the last day.

Fusion Microfinance IPO

The bids for the Rs 1,103.99 crore Initial Public Offering (IPO) of Fusion Micro Finance, which had an issue size of more than 2.13 crore (2,13,75,525) shares, exceeded 6.30 crore (6,30,35,880) shares. Please read this post for detailed information. The subscription period for the IPO began on November 2, 2022, with QIB, NII, and RII participating.

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The subscription period for the IPO will end on November 4, 2022, and allocation will occur on the same day.

Fusion Microfinance IPO Subscription Status

Fusion Microfinance IPO Subscription Status

Fusion Micro Finance IPO aims to raise $1103.99 Cr through its Fresh Issue and Offer for Sale, comprising a Fresh Issue of 600.00 Crores and an Offer Sale of 503.99 Crores. The IPO’s fixed price range is between 350 and 368 dollars per share. Check the IPO GMP for Fusion Micro Finance here.

Fusion Micro Finance Private Limited operates as a non-banking financial institution, providing financial services to underserved and unserved women in rural and peri-rural areas of India.

The company serves Indian customers and has built a network that makes formal credit accessible at reasonable rates, thereby improving the quality of life for rural customers in India.

What is the Fusion Microfinance IPO Allotment Status In 2023?

To register for the Fusion Microfinance IPO, you can use the ASBA (Application Supported by Blocked Amount) facility available in your bank account. Log in to your online banking account and choose the Fusion Microfinance IPO from the Invest section to apply. Alternatively, you can download the application form from the NSE and BSE websites to apply for the IPO.

The IPO aims to raise approximately 1,104 crores through the sale of 13,695,466 equity shares at 10 each and a new issue of 600 crores. Retail investors are allotted 35%, QIB 50%, and HNI 15%. Fusion Microfinance Limited provides financial services to women in semi-urban and rural areas of India.

Their services are aimed at female entrepreneurs from economically and socially disadvantaged groups. The company was founded in 2010 and is a registered NBFC-MFI that employs the Joint Liability Group lending model popularized by Grameen.

Fusion Microfinance employs over 8,000 people and has more than 2.89 million active customers, 966 branches, and 73,890.23 million in AUM. They are present in 377 districts throughout 19 Indian states and provide microfinance as cross-selling loans, emergency loans, top-up loans, and income-generation loans.

MSMEs can also access unsecured business loans, secured business loans, and machinery loans through Fusion Microfinance.

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Important Information About the Status of the Fusion Microfinance IPO Subscription

  • There are now about 2.89 million active subscribers, which is a good number.
  • India has a strong presence in 19 states and 377 districts.
  • From 2021 to 2022, sales went from 873 crores to 1201 crores.
  • PAT seems to have stabilized in the past few years and is moving in a good direction.

Fusion Microfinance IPO Subscription Status

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Frequently Asked Questions

How Do I Apply for Fusion Microfinance’s Zerodha IPO?

Sign in to the console of the Zerodha website or application. Select IPO by visiting Portfolio and selecting IPO. The IPO Name will be “Fusion Microfinance.” Fill out the IPO Application Form with the required information and submit it. To authorize the mandate, open the BHIM or UPI app on your Net Banking account. Open Demat Account with Zerodha.

How Do I Subscribe to the Fusion Microfinance IPO Using Paytm Money?

Utilize your credentials to access the Paytm Money application. Determine the IPO. In the IPO Name, “Fusion Microfinance” will appear. Click the “Offer” icon. Check the application. To authorize the order, access your BHIM or UPI app via Net Banking.

How Can the IPO Help Fusion Microfinance?

It is possible to apply for the Fusion Microfinance Initial Public Offering via ASBA online using your bank account. You can apply for ASBA online through your stockbroker using UPI. You can also apply through your stockbroker by filling out the offline application form.

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