Fusion Microfinance Limited is a microfinance company that aims to provide underprivileged women in rural and semi-urban areas with economic opportunities and financial aid to transform the quality of their lives. Fusion Microfinance opened up its Initial Public Offering(IPO) and started issuing subscriptions on November 2, 2022, and closed it on November 4, 2022. The company is expected to announce the allotment status of its IPO today, that is on November 10, 2022.
The price band for Fusion Microfinance’s IPO was between ₹350 to ₹368 per share. Meanwhile, the company was seen commanding a Grey Market Premium (GMP) of ₹6 per share, which has been steady for the duration of the three-day subscription period. This Delhi-based company’s IPO was subscribed 0.07 times on day 1, 29% on day 2 and 2.95 times on day 3, i.e. the final day.
As mentioned above, the allotment date for Fusion Microfinance IPO is today, that is November 10, 2022. This has spiked the interest of the bidders, who have placed their money on Fusion Microfinance’s IPO are eagerly waiting for the final announcement of share allotment.
If you have applied for the Fusion Microfinance IPO and get the shares allotted to you, then these shares will be credited into your Demat account on Monday i.e. November 14, 2022. However, if you do not receive the allotment of shares, a refund will be initiated into your bidding account by November 14, 2022.
Once the share allocation is announced publicly, bidders will be able to check their allotment status online. All you need to do is log in to the official website of the Registrar of the IPO, that is Link Intime Private Limited or log in to the Bombay Stock Exchange(BSE) website and check the allotment status of your IPO.