Fusion Microfinance IPO: Know GMP, subscription details, allotment status online, more

The bidding process for the Fusion Microfinance IPO is going on and here is all you need to know.

Check details about Fusion Microfinance IPO share allotment status here. (Fusion Microfinance website)

Today is the second day of the bidding process of the Fusion Microfinance initial public offering (IPO) as the issue opened for subscription on Wednesday, November 2, 2022. On the first day of the bidding process, the IPO was subscribed 12 percent. The issue, with a price band of Rs. 350-368 a share, will conclude on Friday, November 4, 2022. According to a report by Live Mint, market observers have said that Fusion Microfinance shares are commanding a premium (GMP) of Rs. 24 in the grey market today.

As per the details, the portion reserved for Qualified Institutional Buyers (QIBs) did not receive any bids, the portion for Retail Individual Investors (RIIs) received 0.14 times subscription and non-institutional investors quota was subscribed 0.23 times. Once the bidding process ends, the share allotment status of the public issue is likely to be finalised on November 10, 2022. Also, the company's shares are expected to list on stock exchanges- BSE and NSE on Tuesday, November 15, 2022.

After the declaration of the share allotment status of the Fusion Microfinance IPO, investors and bidders of the IPO will be able to check it online by visiting the official website of BSE and the registrar of the issue- Link Intime India Private Ltd.

How to check Fusion Microfinance IPO share allotment status via BSE

1. Visit the official website of BSE or click on the direct link given here— https://www.bseindia.com/investors/appli_check.aspx.

2. Select the name of the company- Fusion Microfinance IPO in the menu (will appear only after the finalisation of the allotment status).

3. Enter your application number allotted for Fusion Microfinance IPO.

4. Then enter your Permanent Account Number (PAN card number).

5. Click at 'I'm not a robot' and confirm the captcha.

6. At last click at the 'Submit' button. You will be able to see the Fusion Microfinance IPO allotment status displayed on the screen.

How to check Fusion Microfinance IPO share allotment status online via Link Intime

Step 1:

Visit the official website of Link Intime or click on the links mentioned here- https://linkintime.co.in/IPO/public-issues.html or https://linkintime.co.in/MIPO/Ipoallotment.html.

Step 2:

Select one option among our PAN card number, Application number or DP Client ID from the top bar.

Step 3:

Select the name of the company- Fusion Microfinance IPO from the drop down menu.

Step 4:

Tap search and you will get your IPO share allotment status displayed on the screen of your device.