The Rs 1,103.99 crore supply obtained bids for over 6.30 crore (6,30,35,880) shares in opposition to the problem dimension of over 2.13 crore (2,13,75,525) shares, the info confirmed.
The shares that are to be allotted for the certified institutional consumers (QIBs) was subscribed 8.59 occasions, whereas the portion for non institutional buyers was subscribed 1.38 occasions and that of retail particular person buyers (RIIs) was subscribed simply round 51 per cent or 0.51 occasions, the info confirmed.
Fusion Micro Finance IPO contains recent issuance of fairness shares price Rs 600 crore and a suggestion of sale of 13,695,466 fairness shares by promoters and present shareholders. The online proceeds from the recent concern might be used to enhance the capital base of the corporate.
The three-day IPO opened for subscription on Wednesday, November 2, 2022, and concluded at 5 pm right this moment. It has a value band of Rs 350-368 per share.
The corporate raised over Rs 331 crore (Rs 3,31,19,79,024) from 17 anchor buyers forward of the IPO.
Fusion Micro Finance claims to supply monetary companies to underserved girls throughout India so as to facilitate their entry to better financial alternatives.
Going forward, buyers will now stay up for the share allotment date of the problem. The finalisation of the premise of allotment for DCX Programs is predicted to happen on Thursday, November 10, 2022, as per the data supplied within the purple herring prospectus (RHP).