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IPO Details

Issue Date

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Investment/lot

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Price Range

350 - 368

Lot Size

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IPO Size

₹ 1103.99 Cr

IPO Listing Details

Listing On

15 Nov'22

Issue Price

368

Listed Price

₹ 359.5

Retail Gain/Listing Gain

-2.31%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Fusion Micro Finance Limited provides financial services to unserved and underserved women in rural and peri-rural areas across India. They believe that their network and services have improved accessibility to formal credit at affordable prices, thereby positively impacting the lives of their customers in rural India, and they were one of the youngest companies (in terms of getting an NBFC-MFI licence) among the top NBFC-MFIs in India in terms of AUM as of June 30, 2022. In addition, they had the fourth fastest gross loan portfolio compound annual growth rate or CAGR of 53.89% between the financial years 2017 and 2021 among the 10 largest NBFC-MFIs in India, according to CRISIL.

Fusion Micro Finance’s key product offerings are income-generating loans that provide capital for women entrepreneurs in rural areas to fund businesses operating in the agriculture-allied and agriculture, manufacturing and production, trade and retail, and services sectors. Subject to certain eligibility criteria, they also offer their existing customers top-up loans to manage interim working capital requirements for existing businesses. In addition, they offer their existing customers cross-sell loans that are utilized for livelihood and productivity enhancing purposes as well as MSME loans to eligible enterprises.

They have prioritized organic geographic diversification since their inception in 2010, with a focus on strategic management of state concentration risk by expanding into underpenetrated rural areas that offer significant growth opportunities. As a result, Fusion Micro Finance has achieved a significant footprint across India, where it has extended its reach to 2.90 million active borrowers which were served through 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).

According to CRISIL, they had the fourth lowest gross loan portfolio per district and second lowest gross loan portfolio per customer among the top ten NBFC-MFIs in India, for the financial year 2022, demonstrating better diversification and lower risk per customer.

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Well Diversified and Extensive Pan-India Presence
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Proven Execution Capabilities with Strong Rural Focus
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Access to Diversified Sources of Capital and Effective Asset Liability Management
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Technologically Advanced Operating Model
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Here are a few strategies Fusion Micro Finance Ltd. has for its business:

  • Deepen, Strengthen and Expand Geographic Presence
  • Invest in Technology to Enhance Operational Efficiency and Optimize Costs
  • Leverage Network, Domain Expertise and Data to Enhance Product Offering
  • Continue to Diversify Borrowing Mix and Reduce Cost of Funds
  • Responding to Challenges Posed by the COVID-19 Pandemic

And finally here’s a look at key financials of Fusion Micro Finance Ltd.

Particulars (in Rs. million)

Particulars (in Rs. million)

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Top Fusion Micro Finance Ltd IPO FAQs

Fusion Micro Finance Ltd will list on 2022-11-15.

1103.99 is the issue size of Fusion Micro Finance Ltd IPO.

The price band of Fusion Micro Finance Ltd IPO is ₹350 to ₹368.

The Fusion Micro Finance Limited IPO has an issue size of around Rs. 1,103.99 crore. The IPO opens for subscription on 2nd November 2022 and ends on 4th November 2022.

The allotment dates will be announced soon.

Link Intime India Private Limited is the registrar for this IPO.

You can read more about Fusion Micro Finance Limited and its IPO from the company’s red herring prospectus (DRHP) here.

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