Fusion micro ipo gmp

November 15, 2022 admin Leave a reply [ssba] 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 # For to the point IPO guidance, # 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 # for latest updates of GMP, 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 financia...

• • • • Fusion Micro Finance IPO opens today: All you need to know Fusion Micro Finance IPO opens today: All you need to know Fusion Micro Finance IPO GMP Today, November 02, 2022: The Rs 1,103.99 crore initial public offering (IPO) of Delhi-based microfinance firm Fusion Micro Finance is available from November 2-4, 2022. It has a price band of Rs 350-368 per share. Fusion Micro Finance IPO, Check Price Band, GMP, Review: The initial public offering (IPO) of Delhi-based microfinance firm Fusion Micro Finance opened for subscription on Wednesday, November 2, 2022. It opened for public subscription at 10 am and was subscribed over 5 per cent by 2:06 pm on the first day of bidding. It received total bids for 11,73,680 shares across both the stock exchanges against 2,13,75,525 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 1,103.99 crore Fusion Micro Finance Friday, November 4, 2022, and the price band of the company has been fixed at Rs 350-368 per share. Fusion Micro Finance IPO comprises fresh issuance of equity shares worth Rs 600 crore and an offer of sale of 13,695,466 equity shares by promoters and existing shareholders. Those selling shares in the OFS are – Devesh Sachdev, Mini Sachdev, Honey Rose Investment Ltd, Creation Investments Fusion LLC, Oikocredit Ecumenical Development Co-operative Society UA and Global Financial Inclusion Fund SCA SICAR. The net proceeds from the fresh issue will be used to augment the capital base of the company, a...

As per market observers, Fusion Microfinance shares are commanding a premium (GMP) of ₹7 in the grey market today. The finalisation of the share allotment of the issue has been done and now all eyes are on shares listing. The shares of the company are expected to list on stock exchanges BSE and NSE next week on Tuesday, November 15, 2022. ₹600 crore and an offer for sale of up to 1,36,95,466 equity shares. It had a price range of ₹350-368 a share. On Tuesday, Fusion Micro Finance said it has raised a little over ₹331 crore from anchor investors. Net proceeds of the fresh issue will be used to augment the capital base of the microfinance firm. The New Delhi-based microfinance company claims to provide financial services to underserved women across India in order to facilitate their access to greater economic opportunities. The company uses a joint liability group (JLG) model, developed by Grameen Bank in Bangladesh, to give loans of up to ₹50,000. It is one of the youngest companies in terms of getting an NBFC-MFI license and among the top NBFC-MFIs in India in terms of AUM as of June 30, 2022. ICICI Securities, CLSA India, JM Financial and IIFL Securities were the merchant bankers to the issue. Link Intime India Private Ltd was the registrar to the initial share sale.

Fusion Micro Finance IPO will open for subscription on Wednesday. The issue comprises a fresh issuance of equity shares worth Rs 600 crore and an offer of sale of 1,36,95,466 equity shares by promoters and existing shareholders. The price band for the same is fixed at 350-368 per share. Ahead of its IPO, the company had on Tuesday allotted 89,99,943 equity shares to 17 anchor investors at Rs 368 apiece, aggregating to Rs 331.20 crore.  The issue will conclude on November 4. Analysts said the issue is for investors with good risk appetite, who can stay invested for a long-period of time. Last heard, the issue was commanding a grey market premium (GMP) of Rs 35 a piece. Angel One has a ‘Neutral’ rating on the issue. It believes investors may consider investing in Fusion Micro Finance from a medium to long term perspective. At the upper limit of the price band, the IPO valuations work out to 1.9 times adjusted FY22 book value per share (BVPS) and 168 times FY22 diluted EPS. "Fusion Micro Finance reported a strong revenue growth (CAGR of 31 per cent) and healthy advances growth (CAGR of 33 per cent) over the last two years. Though it posted strong growth in top lines, it recorded declining profits due to the pandemic, and expansion spending from FY20 to FY22. Going forward, strong tailwinds in banking sector, uptick in credit cycle and strong Q1FY23 results of FML, considering all the positive factors, we believe this valuation is at reasonable levels," Angel One said. IC...

• • • • Fusion Micro Finance is about to release its IPO on Nov 2, 2022. The issue is closing on Nov 4, 2022 and is currently having an active grey market. The Fusion Micro Finance IPO GMP is running at a stable rate as per the current situation. In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market. However, the QIB and the HNI numbers are the key indicators of GMP in the case of Fusion Micro Finance IPO. The company is intended to raise Rs. 1103 Crore by the released issue. Fusion Micro Finance IPO GMP Rates, Kotak rates & SS This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band along with listing details, and more. Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR) 15 Nov 2022 Rs. 5 Rs. 300 Rs. 600 14 Nov 2022 Rs. 5 Rs. 300 Rs. 600 12 Nov 2022 Rs. 5 Rs. 300 Rs. 600 11 Nov 2022 Rs. 5 Rs. 300 Rs. 600 10 Nov 2022 Rs. 5 Rs. 300 Rs. 600 09 Nov 2022 Rs. 5 Rs. 300 Rs. 600 08 Nov 2022 Rs. 5 Rs. 300 Rs. 600 07 Nov 2022 Rs. 10 Rs. 300 Rs. 600 06 Nov 2022 Rs. 10 Rs. 300 Rs. 600 05 Nov 2022 Rs. 10 Rs. 300 Rs. 600 04 Nov 2022 Rs. 25 Rs. 300 Rs. 700 03 Nov 2022 Rs. 40 NA Rs. 2000 02 Nov 2022 Rs. 40 NA Rs. 2000 01 Nov 2022 Rs. 35 NA Rs. 2000 31 Oct 2022 Rs. 35 NA Rs. 2000 29 Oct 2022 Rs. 35 NA NA 27 Oct 2022 NA NA NA Check out Related IP...

Synopsis If signals from the unofficial markets are to be believed, the issue might disappoint the investors with a flat listing at the bourses as the premium has been wiped out completely.According to sources, shares of Fusion Micro Finance are trading at a discount of Rs 5 in the grey market, against its issue price of Rs 368 apiece. The company is likely to make a muted listing on Tuesday. According to sources, shares of Fusion Micro Finance are trading at a discount of Rs 5 in the grey market, against its issue price of Rs 368 apiece. The company is likely to make a muted listing on Tuesday. According to the dealers tracking the grey market, the microfinance players have not been performing well since the Covid-19 outbreak, and high valuations with low subscriptions for the company are denting the sentiments further. The issue was overall subscribed 2.95 times, with the quota for qualified institutional bidders getting 8.6 times subscription, whereas the HNI portion was booked 1.38 times. Retail investors made merely 51% bid for their portion. Pravesh Gour, Senior Technical Analyst, "The company demands a price-book (P/B) multiple of 1.8 on a post-IPO basis, whereas its peers like CreditAccess command a P/B of 3.3. As a result, we were only assigned to high-risk, long-term investors," he added. Other listing-bound companies are also active in the grey market as the premia for Kaynes Technology (Rs 130-135), Archean Chemical (Rs 100), Global Health (Rs 20-25), and Bikaj...

The Fusion Microfinance IPO has begun on 02-Nov-2022. It will close on 04-Nov-2022. The Total IPO Size is 1,103.99 Crore. The company set its IPO price is 350-368 Rs Per Share. Basically, there are three basic categories in Fusion Microfinance IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Retail Individual Investors (RIIs). Fusion Microfinance is established in 2010. Fusion Micro finance is a Non-Banking Financial Company – Micro Finance ( NBFC-MFI ) Company that provides financial services to unserved and underserved women in rural and peri-rural areas across India. They achieved 2.90 million active borrowers and have 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India. Table of Contents • • • • • • • • • • • • • • Industry Peers 1) Credit Access Grameen 2) Suryoday Small Finance Bank Limited 3) Equitas Small Finance Bank Limited 4) Ujjivan Small Finance Bank Limited 5) Bandhan Bank Limited 6) Spandana Sphoorty Financial Limited Fusion Microfinance IPO Promotors 1) Devesh Sachdev 2) Creation Investments Fusion LLC 3) Creation Investments Fusion II LLC 4) Honey Rose Investment Ltd Fusion Microfinance IPO Date, Details & Price Band IPO Opening Dates 02-Nov-2022 IPO Closing Dates 04-Nov-2022 Price Band 350-368 Rs Offer For Sale 479.34 – 503.99 Crore Fresh issue 600 Crore Total IPO size 1,103.99 Crore Minimum bid (lot size) 40 Shares Face Value 10 INR Per Share Retail Allocat...