Fusion Micro Finance IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Fusion Micro Finance IPO GMP Today, Fusion Micro Finance IPO Grey Market Premium Updates | Fusion Micro Finance IPO Listing Gain, Latest target, Opening gain

Fusion Micro Finance IPO date is fixed, the initial public offer (IPO) is to hit the market on Nov 2, 2022, and close on NOV 4, 2022. Fusion Micro Finance IPO to raise ₹1,103.99 Cr via IPO that comprises an offer of up to 29,373,984 Equity Shares of Rs.1 each. The retail quota is 35% with QIB 50% and HNI 15%.

Fusion Micro Finance Ltd is engaged in providing financial services to women entrepreneurs belonging to the economically and socially deprived section of the society. The company’s responsibilities are not restricted merely to financial support, but also to acquaint the clients to manage their finances by disseminating Financial Literacy to them.

Fusion Micro Finance Ltd is one of the youngest companies among the top 10 NBFC-MFIs in India in terms of AUM as of June 30, 2022.

The company have achieved a significant footprint across India, where the company have extended its reach to 2.90 million active borrowers which were served through our network of 966 branches and 9,262 permanent employees spread across 377 districts in 19 states and union territories in India, as of June 30, 2022.

The company’s business runs on a joint liability group-lending model, wherein a small number of women form a group (typically comprising five to seven members) and guarantee one another’s loans.

Check out Fusion Micro Finance IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Fusion Micro Finance IPO Details:

Issuer Fusion Micro Finance Ltd
Issue Type Book Built Issue IPO
Issue Period Issue Opens: NOV 2, 2022
Issue Closes: NOV 4, 2022
Price Brand ₹350 to ₹368 Per Share
Issue Size ₹1,103.99 Cr
Face Value Rs.10 per Equity Share
Market Lot 40 Shares
Maximum Bid amount for Retail ₹191360
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Listing at NSE & BSE
✔️ Apply With 👉 UPSTOX Free DEMAT Account
Equity 29,373,984 Shares

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Fusion Micro Finance IPO GMP Rates day by day

Fusion Micro Finance IPO Grey market premium as of today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
16 NOV 2022 ₹ ₹ ₹
15 NOV 2022 ₹ ₹ ₹
14 NOV 2022 ₹7 ₹ ₹
13 NOV 2022 ₹7 ₹ ₹
12 NOV 2022 ₹7 ₹350 ₹700
11 NOV 2022 ₹8 ₹350 ₹700
10 NOV 2022 ₹3 ₹350 ₹700
09 NOV 2022 ₹5 ₹350 ₹700
08 NOV 2022 ₹3 ₹350 ₹700
07 NOV 2022 ₹20 ₹350 ₹600
06 NOV 2022 ₹3 ₹350 ₹600
05 NOV 2022 ₹3 ₹350 ₹600
04 NOV 2022 ₹17 ₹350 ₹600
03 NOV 2022 ₹40 ₹350 ₹1000
02 NOV 2022 ₹40 ₹350 ₹1000
01 NOV 2022 ₹35 ₹ ₹
31 OCT 2022 ₹30 ₹ ₹
29 OCT 2022 ₹40 ₹ ₹

Fusion Micro Finance IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 40 ₹14720
Retail (Max) 13 650 ₹195000
S-HNI (Min) 14 700 ₹210000
B-HNI (Min) 67 3350 ₹1005000

Fusion Micro Finance IPO Allotment & Listing:

Fusion Micro Finance IPO Opening Date: NOV 02, 2022
Fusion Micro Finance IPO Closing Date : NOV 04, 2022
Basis of Allotment: NOV 10, 2022
Refunds: NOV 11, 2022
Credit to Demat Account: NOV 14, 2022
Listing Date: NOV 15, 2022

How to Apply for Fusion Micro Finance IPO?

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How to Apply Fusion Micro Finance IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Fusion Micro Finance”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply Fusion Micro Finance IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Fusion Micro Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

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IPO ALLOTMENT TIPS & TRICKS

Check:- Fusion Micro Finance IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.

What is Grey Market?

Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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