Fusion Microfinance Limited IPO Closed

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IPO date 02nd – 04th Nov 2022
Listing date 15 Nov 2022
Type
Price range 350 – 368
Minimum order quantity 40
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Fusion Microfinance Limited provides financial services to unserved and underserved women in rural and peri-rural areas across India. It is among the top NBFC-MFIs in India in terms of AUM as of June 30, 2022, according to CRISIL. It also had the fourth fastest gross loan portfolio CAGR of 53.89% between the Financial years 2017 and 2021 among the 10 largest NBFC-MFIs in India.

It has 2.90 million active borrowers who are served through 966 branches as of June 30, 2022.

AUM (₹ Crores)

June 30, 2022* March 31, 2022 March 31, 2021
7389.02 6785.97 4637.84

*Share of AUM from customers in rural areas represented 91.37% of the total AUM.

Their long-term credit ratings have improved from a rating of “BBB” by CARE as of March 31, 2017, to a rating of “A-” by CRISIL, CARE, and ICRA as of June 30, 2022.

Date Cost of funds Net NPA
June 30, 2022 10.10% 1.35%
March 31, 2022 10.43% 1.64%
March 31, 2021 11.23% 2.2%
March 31, 2020 12.33% 0.38%

Financial Snapshot

Date Revenue (₹ Crores) PAT (₹ Crores) EPS (diluted)
June 30, 2022 342.72 75.1 8.98
March 31, 2022 1151.26 21.75 2.64
March 31, 2021 855.81 43.94 5.49
March 31, 2020 720.26 69.61 10.32

IPO Schedule

Issue Period 2nd November to 4th November 2022
Finalization of Allotment 10th November 2022
Initiation of Refunds 11th November 2022
Credit of Shares 14th November 2022
Date of Listing 15th November 2022
Mandate end date 19th November 2022
Anchor Investors Lock-In End Date 4th December 2022

How do I apply to the Fusion Microfinance Limited IPO?

You can apply for the Fusion Microfinance Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Fusion Microfinance Limited IPO?

You can check the allotment status for the Fusion Microfinance Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.