Fusion Microfinance Limited provides financial services to women living in rural and semi-urban areas in India. They provide their services to women entrepreneurs belonging to the economically and socially deprived section of society. The organization was set up in 2010 & it is a registered NBFC –MFI which operates in a Joint Liability Group lending model of Grameen.

Fusion Micro Finance have 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India, as of June 30, 2022. They offer Microfinance that includes Income Generation Loans, Top up Loans, Emergency Loans, and Cross-Sell loans. In MSME they offer Unsecured Business Loans, Secured Business Loans, and Machinery Loans.

Company Financials




IPO Details



IPO Tentative Timetable

The Fusion Micro Finance IPO bid date is from Nov 2, 2022 10.00 A.M. to Nov 4, 2022 5.00 P.M.



IPO Lot Size

The Fusion Micro Finance IPO lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹191,360).

IPO Promoter Holding

Pre-Issue Share Holding - 85.57%
Post-Issue Share Holding - 58.10%

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.