Nihal PS Fusion Microfinance IPO: Backed by global equity firm Warburg Pincus, Fusion Microfinance has set a price range of Rs 350 to Rs 368 for the November 2 opening of its Rs 1,104 crore IPO. According to information released by the company, investors can invest in these shares, which opened for the first sale on November 4.
The bid period will begin on November 1st.
Investors can bid on these shares on November 1. Fusion Microfinance’s IPO will issue 600 million new shares. Along with this, there is an offer for sale (OFS) of 1,36,95,466 shares to the founder and current shareholders of the company. The company wants to raise Rs 1,104 crore by selling new shares.
OFS is being provided by these promoters
Among the vendors in this market are Devesh Sachdev, Mini Sachdev, Honey Rose Investment Ltd., Creation Investments Fusion, LLC, Oikocredit Ecumenic Development Co-operative Society U.A. and the Global Fund for Financial Inclusion.
Women are treated fairly by the company
The headquarters of the Microfinance company is in Delhi. This company works to provide economic opportunities to poor women in the country to make them financially viable. This business works in the form of individual lending, where many women form a group (usually 5-7 members) who guarantee each other’s loans.
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