New Delhi based Fusion Micro Finance, launched in 2010, is a micro- lending firm that enables women in rural and semi-urban areas to access funds so that they can access greater economic opportunities.
The fresh issue worth Rs.600 crore and an offer for sale of up to 13,695,466 equity shares.
Objective of Fusion Systems IPO TThe main objective of the issue is to augment the capital base of the company.
The Fusion Microfinance IPO opens on 2nd November and closes on 4th November.
The price band of the The Fusion Microfinance IPO is set at Rs. 350 – Rs. 368 per share.
The Fusion Microfinance IPO lot size is 40 shares per lot. A retail-individual investor can apply for up to 13 lots (520 shares or ₹191,360).