Fusion MicroFinance IPO Subscribed 2.95 Times On Final Day
Fusion MicroFinance Ltd. launched its maiden public offering on Wednesday, as it looks to raise up to Rs 1,100 crore. It was subscribed 2.95 times, on the final day of its initial public offering.
The IPO was subscribed 29% on the second day. The bidding was led by non-institutional investors.
The Warburg Pincus-backed microfinance lender is looking to raise up to Rs 1,100 crore. It is issuing fresh stocks worth Rs 600 crore and a secondary sale of 1.37 crore shares through the initial public offering.
Issue Details
IPO Opens: Nov. 2.
IPO Closes: Nov. 4.
Fresh Issue: Rs 600 crore.
Face Value: Rs 10 apiece.
Offer For Sale: 1.37 crore shares.
Price Band: Rs 350-368.
Book Running Lead Managers: ICICI Securities, CLSA India, IIFL Securities, JM Financial.
The selling shareholders of the company include:
Devesh Sachdev (6,50,000 shares).
Mini Sachdev (1,00,000 shares).
Honey Rose Investments (14,00,000 shares).
Creation Investments Fusion (14,00,000 shares).
Oikocredit Ecumenical Development Cooperative Society (66,06,375 shares).
Global Impact Funds SCA (35,39,091 shares).
The New Delhi-headquartered microfinance company intends to use the net proceeds from the fresh issuance to augment its capital base.
As of June 30, the company's capital adequacy ratio stood at 21.13%, while tier-1 capital ratio was at 19.45%.
Subscription Status: Day 3
The IPO was subscribed 2.95 times, as of 7 p.m. on Nov. 4.
Institutional investors: 8.59 times.
Non-institutional investors: 1.38 times.
Retail investors: 0.51 times.
Top Research Reports On Fusion Microfinance
Watch BQ Prime's IPO Adda With Fusion Microfinance Management
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
