Fusion Microfinance IPO to list tomorrow

Following the allotment, The IPO of Fusion Microfinance will list on Tuesday, November 15, 2022. The response to the public issues worth Rs. 1,104 crores has been relatively moderate with 2.95 times subscription. The retail portion of Fusion Microfinance’s IPO was able to fetch only 0.51 times the subscription.

Fusion Microfinance receives a good response from Qualified Institutional Buyers (QIBs) category with subscription over 8 times. With a fresh issuance for Rs 600 crore and an offer for sale for the remaining Rs 504 crore, the issues’ price ranges at Rs 350-368 per share.

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