Fusion Micro Finance IPO allotment – How to check allotment status, listing date and more

• Fusion Micro Finance is expected to announce its share allotment status today, on November 10.
• The shares of Fusion Micro Finance were subscribed 2.95 times.
• The shares will be listed on the stock exchanges on November 15.

New Delhi-based Fusion Micro Finance, a microfinance company that provides financial services to women in rural and semi-urban areas, is expected to announce the allotment status of its initial public offering (IPO) today, that is November 10.

The Fusion Micro Finance IPO opened on November 2 and closed on November 4. The price band for the IPO was ₹350 to ₹368 per share.

Underwhelming retail participation

On its last day, the IPO was subscribed 2.95 times, receiving bids for 6.3 crore equity shares against 2.1 crore shares on offer. While the qualified institutional buyer portion was subscribed 8.59 times, the non-institutional investors portion was subscribed 1.39 times. The retail portion witnessed underwhelming participation and was subscribed 0.51 times, just half of what was on offer.

Grey market premium

The shares of Fusion Micro Finance are currently commanding a grey market premium (GMP) of ₹5 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

How to check Fusion Micro Finance IPO allotment status?

You can check the allotment status on the registrar’s website.

• To check the Fusion Micro Finance IPO allotment status, visit the registrar’s website here.
• Click on ‘Select Company’ and then select ‘Fusion Micro Finance’.
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
• Now, enter the captcha.
• Click on submit.

You will be able to see your application status. It will show the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Fusion Micro Finance IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘Fusion Micro Finance’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.
• You will be able to see the number of shares allotted to you.

You must click here and log in to check your allotment status on NSE.

Fusion Micro Finance listing date

The shares of Fusion Micro Finance will be listed on the stock exchanges on November 15.

SEE ALSO:

Pet-care startup Supertails.com raises $10 million in Series A funding

Health-tech startup CureBay raises ₹50 crore in Series A funding led by Elevar Equity

Best festive auto sales in the last 4 years, but sales may decline says FADA report