Fusion Microfinance will issue Rs 600 crore worth of new shares, with the remainder planned to be raised through OFS.
Fusion Microfinance IPO: Fusion Microfinance, backed by global private equity firm Warburg Pincus, has set a price range of Rs 350 to Rs 368 for its Rs 1,104 crore IPO starting on Nov. 2. According to information released by the company, investors can invest in these shares, which will be open for initial sale on November 4th.
Offer will be accepted November 1st
Investors will be able to place bets on these shares on November 1st. 600 crores of new shares will be issued during the IPO by Fusion Microfinance. Along with this founder and existing shareholders of the company, an offer for sale (OFS) of 1,36,95,466 shares of common stock will be made. The company wants to receive Rs 1,104 crores from the sale of these new shares.
A tip of 2,88,461 will be available on a salary of 25,000, know the calculation and the rules associated with it.
These promoters give OFS
Devesh Sachdev, Mini Sachdev, Honey Rose Investment Ltd., Creation Investments Fusion, LLC, Oikocredit UA Ecumenical Cooperative Development Society and Global Fund for Financial Inclusion.
In plans to invest for 1 year, these are the banks that pay the highest interest on FD
works for women
The head office of the microfinance company is located in Delhi. This company works to provide economic opportunities for the poorest women in the country to strengthen their financial position. The company’s business is based on a joint and several liability group lending model in which several women form a group (usually 5 to 7 members) and guarantee each other’s loans.