Fusion Micro Finance IPO analysis @ Chanakyanipothi.com, the oldest & the most Trusted Investment website in India. Operational since 8th December 1999, we are the Only Investment Platform in India, which has Successfully completed 22 Years

Listing: Fusion Micro Finance share got listed at Rs. 359.50 as against issue price of Rs.368 e.g. at 2% discount

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# Anchor Subscription update: Fusion Micro Finance has finalized allocation of 89,99,943 Equity Shares in aggregate, to Anchor Investors at the Price of Rs 368/- per Equity Share (including share premium of Rs 358/- per Equity Share) Out of the total allocation of 89,99,943 Equity Shares to the Anchor Investors, 42,97,400 Equity Shares (i.e. 48% of the total allocation to Anchor Investors) were allocated to 5 domestic mutual funds through a total of 8 schemes.

Fusion Micro Finance IPO Subscription Status
# On 4 November 2022 @ 5.00 pm (D3)
QIB        :     56,59,362    Shares,  8.59T
Big NII   :     3083832      Shares,  1.52T
SmallNII:     1541917      Shares,  1.09T
RII         :      10793414    Shares, 0.51T
Total      :     21375525    Shares,  2.95T

Fusion Micro Finance Grey Market News Today #
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Fusion Micro Finance Company Details
Fusion Micro Finance is one of the youngest companies among the top 10 NBFC-MFIs in India in terms of AUM as of March 31, 2021. In addition, it had the third fastest gross loan portfolio growth of 44% among the top NBFC-MFIs in India between the financial year 2018 and 2021. As of March 31, 2021, 2020 and 2019, its total AUM was Rs 46,378.39 million, Rs 36,065.24 million and Rs 26,413.91 million, respectively.
It has prioritized organic geographic diversification since our 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, it has achieved a significant footprint across India, where it has extended its reach to 2.12 million active borrowers who it serves through its network of 725 branches and 6,351 permanent employees spread across 326 districts and 18 states and union territories in India, as of March 31, 2021.

It was ranked second among the top ten NBFC-MFIs in India in terms of lowest concentration of portfolio from the largest state, and it had the lowest gross loan portfolio per district and per customer among the top ten NBFC-MFIs in India, for the financial year 2021, demonstrating better diversification and lower risk per customer.
As of March 31, 2021, no single state contributed to more than 19.00% of its total AUM and its proportion of AUM in our five largest states in terms of AUM concentration has further decreased from Rs 6,124.90 million or 94.61% of its total AUM as of March 31, 2016, to Rs 30,578.12 million or 65.93% of our total AUM as of March 31, 2021.
As of March 31, 2021, its share of AUM from customers in rural areas represented 92.26% of its total AUM. Its focus customer segment is women in rural areas with an annual household income of up to Rs 160,000. For more information, click www.fusionmicrofinance.com

The Promoters of Fusion Micro Finance
Devesh Sachdev,
Creation Investment Fusion LLC, Creation Investment Fusion II & Honey Rose Investment ltd
Fusion Micro Finance IPO Main Objects
The Offer comprises of the Fresh Issue and Offer for Sale.
The Company proposes to utilize the Net Proceeds towards augmenting its capital base.

Fusion Micro Finance IPO Details
IPO opens on 2 November 2022
IPO closes on 4 November 2022
Issue Type: Book Built Issue IPO
Issue: up to 29999813 Shares /Rs 1103.99 Cr
* Fresh Issue of 16304347 Sh/ Rs.600 Cr
* Offer for Sale Up to 13,695,466 Sh/ Rs. 503.99 Cr

Face Value per share: Rs. 10

Fusion Micro Finance IPO Price Band Per Equity Share: Rs. 350-368
Fusion Micro Finance IPO Retail Lot Size 40 Shares
Fusion Micro Finance Listing will at BSE, NSE

Shares offered to
QIB (50%) 14999906 Shares = Rs 551.99 Cr
NII (15%) 4499972 Shares = Rs 165.59 Cr
RII (35%) 10499935 Shares = Rs 386.41 Cr
Lot size: 40 Shares = 262,498 Forms
Min Retail Application:         40    Shares,   Rs. 14720
Max Retail Application:        520   Shares,   Rs 191360
Min Small HNI Application: 560   Shares,   Rs. 206080
Max Small HNI Application: 2680 Shares,   Rs. 986240
Min Big HNI Application:     2720 Shares,   Rs 1000,960

Fusion Micro Finance IPO Tentative timetable
Anchor subscription on 1 November 2022
IPO to open on 2 November 2022
IPO to close on 4 November 2022
IPO Allotment on 10 November 2022
Unblocking of ASBA 11 November 2022
Credit of shares 14 November 2022
Listing on 15 November 2022

Fusion Micro Finance IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 10.47
Earnings per Share 2020-21, Rs 5.56
Earnings per Share 2021-22, Rs 2.67
Book Value of the Share as on 31.3.2021 Rs 161.67
Return on Net Worth: 19-20 5.81 %
Return on Net Worth: 20-21: 3.53 %
Return on Net Worth: 20-21: 1.63 %
Equity Shares prior to the IPO: 84,326,388 Shares

Ratio Analysis
Upper Price Band/last EPS: 137.82
Upper offer price/Book Value Ratio: 2.27
Upper offer price/BV after IPO Ratio:

Fusion Micro Finance IPO Peer Comparison:
IPO Company @ PE Multiple of 137.82
CreditAccess Grameen @ PE Multiple of 42.60
Spandana Spoorti @ PE Multiple of 52.76
Bandhan Bank @ PE Multiple of 342.33
Ujjivan SFB @ PE Multiple of N.A.
Equitas SFB @ PE Multiple of 20.21
Suryoday SFB @ PE Multiple of N.A.

Fusion Micro Finance IPO Lead Managers 
ICICI Securities, CLSA India, IIFL Securities, JM Financial
Registrar to Fusion Micro Finance IPO
Linkintime India Pvt ltd.

Registered Office of Fusion Micro Finance
H-1, C Block, Community Centre, Naraina Vihar, New Delhi, 110028
Company Secretary & Compliance Officer: Deepak Madaan

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