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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Fusion Finance Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹368
Per ShareLot Size
40 Shares
Minimum Investment
₹14,720
Issue Size
₹1,103.99 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
0%
QIB Quota
0%
NII Quota
0%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE139R01012
Fusion Micro Finance Limited is a microfinance company providing financial services to underserved women across India in order to facilitate their access to greater economic opportunities. The Company 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, and it was one of the youngest companies (in terms of getting an NBFC-MFI license) among the top NBFC-MFIs in India in terms of AUM as of June 30, 2022, according to CRISIL. As of June 30, 2022 and March 31, 2022, 2021 and 2020, its total AUM was Rs. 73,890.23 million, Rs. 67,859.71 million, Rs. 46,378.39 million and Rs. 36,065.24 million, respectively. As of June 30, 2022, the company had 2.90 million active borrowers which were served by its 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India.
The microfinance industry has recorded healthy growth in the past few years. The industry's gross loan portfolio increased at a CAGR of 21% since the financial year 2018 to reach approximately Rs. 3.1 trillion in the first quarter of the financial year 2023. The growth rate for NBFC-MFIs is the fastest as compared to other player groups. The demand for microfinance products and services has increased due to improving awareness and reach leading to increased volumes, as well as rise in inflation and higher number of borrowers in higher loan cycles driving higher ticket sizes.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 29,999,813 equity shares* of face value of Rs. 10 each ("Equity Shares") of Fusion Micro Finance Limited (The "Company" or the "Issuer") for cash at a price of Rs. 368 per equity share including a securities premium of Rs. 358 per equity share (the "Offer Price") aggregating to Rs. 1103.99 crores (the "Offer"). The offer comprises of a fresh issue of 16,304,347 equity shares* by the company aggregating to Rs. 600.00 crores (the "Fresh Issue") and an offer for sale by Devesh Sachdev, Mini Sachdev, Honey Rose Investment Ltd, Creation Investments Fusion, llc, Oikocredit Ecumenical Development Cooperative Society u.a., and Global Impact Funds, s.c.a., Sicar (the "Selling Shareholders"), of 650,000 equity shares, 100,000 equity shares, 1,400,000 equity shares, 1,400,000 equity shares, 6,606,375 equity shares and 3,539,091 equity shares, respectively, aggregating to Rs. 503.99 crores ("The Offer for Sale"). The offer shall constitute 29.81% of the post-offer paid-up equity share capital of the company. *Subject to finalisation of basis of allotment The face value of the equity share is Rs. 10. The offer price is 36.80 times the face value of the equity shares. Bids can be made for a minimum of 40 equity shares and in multiples of 40 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Fusion Micro Finance Limited was originally incorporated as `Ambience Fincap Private Limited' on September 5, 1994 at New Delhi, India as a private limited company under the Companies Act, 1956, and was granted a certificate of incorporation by Registrar of Companies, Delhi and Haryana at New Delhi ("RoC"). On January 9, 2003, the RBI granted a certificate of registration bearing registration no. B-14.02857 to the Company, for the registration of the Company as a non-deposit accepting non-banking financial company under Section 45IA of the Reserve Bank of India Act, 1934. Subsequently, the name of the Company was changed to `Fusion Micro Finance Private Limited' and a fresh certificate of incorporation, dated April 19, 2010 was issued by the RoC to describe the business of the Company, post which the RBI granted a certificate of registration dated May 19, 2010 reflecting the change of name. The Company was granted an `NBFC - Microfinance Institution' status by the RBI with effect from January 28, 2014 and a modified certificate of registration bearing registration no. B-14.02857 was issued by the RBI to this effect. The name of the Company was further changed to Fusion Micro Finance Limited upon conversion to a public limited company and a fresh certificate of incorporation was issued by the RoC on July 20, 2021, post which a fresh certificate of registration as an NBFC (not accepting public deposits) dated October 1, 2021, was issued by the RBI reflecting the change in name of the Company.
The Company is providing financial services to underserved women across India.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.