Fusion Microfinance Limited provides financial services to unserved and underserved women in rural and peri-rural areas across India. It is among the top NBFC-MFIs in India in terms of AUM as of June 30, 2022, according to CRISIL. It also 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.
It has 2.90 million active borrowers which are served through 966 branches as of June 30, 2022.
AUM (in Cr)
| June 30, 2022* | March 31, 2022 | March 31, 2021 |
|---|---|---|
| 7389.02 | 6785.97 | 4637.84 |
*Share of AUM from customers in rural areas represented 91.37% of the total AUM.
Their long-term credit ratings have improved from a rating of “BBB” by CARE as of March 31, 2017 to a rating of “A-” by CRISIL, CARE and ICRA as of June 30, 2022.
Cost of funds
| June 30, 2022 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
|---|---|---|---|
| 10.10% | 10.43% | 11.23% | 12.33% |
Net NPA
| June 30, 2022 | March 31, 2022 | March 31, 2021 | March 31, 2020 |
|---|---|---|---|
| 1.35% | 1.64% | 2.2% | 0.38% |
Financial Snapshot (Rs in Cr)
| Date | Revenue from operations | PAT | EPS (diluted) |
|---|---|---|---|
| June 30, 2022 | 342.72 | 75.1 | 8.98 |
| March 31, 2022 | 1151.26 | 21.75 | 2.64 |
| March 31, 2021 | 855.81 | 43.94 | 5.49 |
| March 31, 2020 | 720.26 | 69.61 | 10.32 |
For more information, you can check the IPO Prospectus filed by the company 
Important information regarding the IPO
| Issue Period | 2nd November -4th November 2022 |
|---|---|
| Price Band | ₹ 350-368 |
| Minimum Bid Quantity | 40 and multiples thereof |
| Face Value | ₹ 10 |
| Number of Shares | 29,999,813 shares |
| Issue size | ₹1,103.99 Cr |
| Date of Allotment | 10th November, 2022 |
| Initiation of Refund | 11th November, 2022 |
| Credit of shares | 14th November, 2022 |
| Date of Listing | 15th November, 2022 |
| Mandate end date | 19th November, 2022 |
| Anchor Investors Lock-in End Date | 4th December, 2022 |
How do I apply for Fusion Microfinance Limited IPO?
You can apply for it using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Fusion Microfinance Limited IPO?
You can check the allotment status on the website of the Registrar and Transfer agent .
Alternatively, you can also check the allotment status on the NSE website.