Fusion Microfinance IPO Subscription Status, Allotment Status & Date
Fusion Microfinance IPO Subscription Status, Allotment Status & Date and the future of this IPO is discussed here on this page. Fusion Microfinance IPO: According to information available on the BSE, the initial public offering of Delhi-based microfinance company Fusion Micro Finance was subscribed 2.95 times on the last day. I
Fusion Microfinance IPO
n comparison to the issue size of over 2.13 crore (2,13,75,525) shares, bids for the Rs 1,103.99 crore offer totaled over 6.30 crore (6,30,35,880) shares. Read this post to get complete information.
The subscription period for the Fusion Micro Finance Initial Public Offering (IPO) began on November 2, 2022, and QIB, NII, and RII are also participating. To inform you that the Fusion Micro Finance Initial Public Offering (IPO) began on November 2, 2022 and ends on November 4, 2022. It will receive its subscription on November 4, 2022.
Fusion Microfinance IPO Subscription Status
Through its Fresh Issue and Offer for Sale, which consists of a Fresh Issue of 600.00 Crores and an Offer Sale of 503.99 Crores, Fusion Micro Finance IPO plans to raise $1103.99 Cr. Additionally, the fixed price range for the Fusion Micro-Finance IPO is between 350 and 368 dollars per share. Check the IPO GMP for Fusion Micro Finance here.
A non-banking financial institution gets operated by Fusion Micro Finance Private Limited. The company offers financial services to underserved and unserved women in rural and peri-rural areas of India. Fusion Micro Finance servs Indian cusotmers. The company’s network and services have made formal credit more accessible at reasonable rates, improving the quality of life for our customers in rural India.
Fusion Microfinance IPO Allotment Status
How do I register for the IPO of Fusion Microfinance? By using ASBA that is already in your bank account, you can apply for the Fusion Microfinance IPO. Log in to your bank account online and choose the Fusion Microfinance IPO from the Invest section to apply. The alternative is to use forms available to download from the NSE and BSE to apply for the Fusion Microfinance Initial Public Offering.
Fusion Microfinance’s IPO aims to raise approximately 1,104 crores through the 13,695,466 equity shares sale of 10 each and a new issue of 600 crores. Retail gets allotted 35%, QIB 50%, and HNI 15%.
Women in India’s semi-urban and rural areas can get financial services from Fusion Microfinance Limited. They offer their services to female entrepreneurs from economically and socially disadvantaged groups in society. The company was founded in 2010 and is a registered NBFC-MFI that employs the Joint Liability Group lending model popularised by Grameen.
Fusion Microfinance employ more than 8,000 people and have 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. They provide microfinance as cross-selling loans, emergency loans, top-up loans, and income-generation loans. Unsecured business loans, secured business loans, and machinery loans are all available through MSME.
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Fusion Microfinance IPO Subscription Status – Important Details
- Around 2.89 million subscribers are now active, which is a good figure.
- A strong presence in 19 states and 377 districts across India.
- In 2022, revenues rose from 873 crores in 2021 to 1201 crores.
- PAT appears to have stabilized in recent years and is trending positively.
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FAQ
How to Use the IPO for Fusion Microfinance?
Applying for the Fusion Microfinance Initial Public Offering through ASBA online using your bank account is possible. You can apply for ASBA online via UPI through your stockbroker. You can also apply through your stockbrokers by completing the offline form.
How do I apply for the Zerodha IPO of Fusion Microfinance?
Log in to the Zerodha website or application’s console. Visit Portfolio and select IPO. The IPO Name “Fusion Microfinance” will appear. Fill out the necessary information and submit the IPO Application Form. To approve the mandate, go to your BHIM app or UPI app on Net Banking. Demat Account with Zerodha open.
How do I apply for the Upstox Initial Public Offering of Fusion Microfinance?
Use your login information to access the Upstox application. Decide on the IPO. You will see “Fusion Microfinance” in the IPO Name. Select the “Bid” button. Verify the application. Go to your BHIM app or UPI app on Net Banking to approve the order.
How do I use Paytm Money to apply for the Fusion Microfinance IPO?
Use your login information to access the Paytm Money Application. Decide on the IPO. You will see “Fusion Microfinance” in the IPO Name. Select the “Bid” button. Verify the application. Go to your BHIM app or UPI app on Net Banking to approve the order.