Fusion Micro Finance Ltd. IPO

The company works with the core idea of creating opportunities at the bottom of the pyramid by providing financial services to unserved and underserved women in rural and peri-rural areas across India.

RHP
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DRHP
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Open Date

2022-11-02

Close Date

2022-11-04

IPO Details

Check out the issue details for Fusion Micro Finance Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 368

Price Band

₹ 350 - 368

Issue Size

1103.99 Cr.

Issue Type

Book Built

Open

2022-11-02

Close

2022-11-04

Listingprice

₹ 359.5

ListingGain

-2.31%

Listing Date

2022-11-15

CMP

₹ 541.8

Current Return

47.23%

Company Financials

You can get the following financial statements of Fusion Micro Finance Ltd. as of now.

Subscription Details

The details about the Fusion Micro Finance Ltd IPO is as:

  • The issue size of the IPO is 1103.99 Cr.
  • The price band for Fusion Micro Finance IPO is Rs 350 to Rs 368.
  • The shares of Fusion Micro Finance IPO will list on 15th November 2022.
  • The latest tentative GMP of Fusion Micro Finance IPO is Rs 5.
  • The shares of Fusion Micro Finance IPO is subscribed 2.95 Times as of 4rth November 2022.

Fusion Micro Finance Ltd IPO Valuation

The approx valuation of Fusion Micro Finance Ltd IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 368
Existing Shares (Qty) 8.43 Cr
Fresh Issue (Amount) 600 Cr
Market Cap 3702.24 Cr
EPS  Rs 2.67
PE Ratio 114.50x

 

Fusion Micro Finance Ltd IPO Issue Size

Fusion Micro Finance Ltd IPO issue size is 1103.99 Cr.

Issue Amount
Fresh Issue 600 Cr
Offer For Sale 503.99 Cr

 

Fusion Micro Finance IPO Market Lot

An Individual can apply for a minimum 1 lot of 40 shares and a maximum of 13 lots of 520 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 40 Rs 14,720
 Maximum 13 520 Rs 1,91,360

 

Fusion Micro Finance IPO Offer

The shares of Fusion Micro Finance IPO is subscribed 2.95 Times as of 4rth November 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 8.59 Times
Non-Institutional Minimum 15% 1.38 Times
Retail Individual Minimum 35% 0.51 Times
Total   2.95 Times

 

Fusion Micro Finance Ltd IPO Grey Market Premium

As on GMP (Tentative)
9 November 2022 Rs 5
10 November 2022 Rs 5
11 November 2022 Rs 5
12 November 2022 Rs 5
14 November 2022 Rs 5

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Fusion Micro Finance Ltd IPO:

Schedule Date
Basis of Allotment 10 Nov 2022
Refunds 11 Nov 2022
Credit to Demat Account 14 Nov 2022
IPO Listing Date 15 Nov 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Other Income 43.04 10.05 17.28 54.47 65.9
Interest 244.21 337.67 375.1 500.35 650.63
Exceptional Items 0 0 0 0 0
Profit Before Tax 88.22 100 56.79 24.43 511.98
Tax 22.87 30.39 12.85 2.67 124.84
Adjusted EPS (Rs.) 1.05 0.88 0.56 0.26 3.86

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 61.58 78.95 79.04 82.76 100.35
Total Reserves 561.09 1119.94 1167.32 1255.19 2221.57
Borrowings 1419.48 2733.81 4054.79 5641.42 6778.4
Other N/C liabilities -18 -30.5 -72.26 -86.76 -77.75
Current liabilities 1361.96 307.3 532.52 311.11 263.22
Total Liabilities 3386.1 4209.49 5761.41 7203.73 9285.79
Assets
Net Block 5.52 6.05 18.28 19.19 20.96
Capital WIP 0 0 0 0 0.25
Intangible WIP 0 0 0 0 0
Investments 0.5 0.5 0 0 0
Other N/C Assets 51.02 0 0 2.8 0
Current Assets 2632.5 846.53 1368.08 1225.49 1178.62
Total Assets 3386.1 4209.49 5761.41 7203.73 9285.79
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 7.89 19.8 21.71 24.62 20.21
Interest Expended 168.02 174.24 183.48 191.01 201.46
Operating Expenses 162.69 192.23 208.08 212.57 242.9
Total Provisions 0 0 0 0 0
Profit Before Tax 133.85 151.93 159.46 165.59 166.5
Tax 31.38 37.4 39 39.9 40.05
Net Profit 102.47 114.52 120.46 125.69 126.45
Adjusted EPS (RS) 10.22 11.41 12 12.51 12.58

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 57.7 2.78
Sep 2023 67.92 2.36
Jun 2023 68.18 2.36
Mar 2023 68.18 2.36
Dec 2022 68.18 2.36
* Figures given above are % of equity capital
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