Fusion Microfinance IPO GMP, Date & Important details 2021

Fusion Micro Finance Limited was one of the most recent additions to India’s top ten NBFC-MFIs in terms of assets under management (AUM) as of March 31, 2002. Furthermore, according to CRISIL, they experienced the third quickest gross loan portfolio growth of 44 percent among India’s top NBFC-MFIs throughout 2018 and 2021. Fusion MicroFinance IPO will hit the market in October 2021.

About Fusion Microfinance IPO

Fusion Micro Finance Limited was formed with the goal of generating possibilities for women at the bottom of the pyramid, and they accomplish this by offering financial services to unserved and underserved women in rural and peri-rural regions across India.

Their network and services, they think, have increased access to formal credit at reasonable rates, therefore improving the lives of their clients in rural India.

They think they have accomplished this by adhering to their main growth pillars of client centricity, deliberate geographic diversification with a rural focus, implementing innovative for development, and a focus on nurturing and developing their people over time.

Footprints

Since their beginning in 2010, They’ve focused organic geographic expansion, with an emphasis on strategic control of state concentration risk by growing into underserved rural regions with considerable development potential.

As a consequence, as of March 31, 2021, they had established a strong presence in India, serving 2.12 million active borrowers through their network of 725 branches and 6,351 permanent staff spread over 326 districts and 18 states and union territories in India.

They think that their large number of active borrowers and branch network puts them in a strong position to expand and extend their reach.

Business Model

They can provide “last-mile” access to Their clients in remote rural regions because to their vast and geographically varied distribution network.

For the financial year 2021, they were ranked second among the top ten NBFC-MFIs in India in terms of least portfolio density from the biggest state.

They had the smallest gross loan portfolio per district and per client among the top ten NBFC-MFIs in India, displaying better expansion and reduced risk per client, according to CRISIL.

Despite their expansion over the years, they have been able to preserve low levels of AUM concentration per state as a consequence of their careful control of state focus.

Fusion Microfinance IPO

Fusion Micro Finance limited, headquartered in Kolkata has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 600 Crore & 2,19,66,841 equity shares on 10 August 2021.

The Offer includes 600 Crore value fresh equity shares and There is an offer for sell(OFS) of 2,19,66,841 equity shares by the promoters mentioned in the DRHP.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Originally published at https://profitmust.com on August 13, 2021.