Fusion Microfinance IPO: Know allotment status online, GMP, subscription and more
Investors who want to bid for the Fusion Microfinance Initial Public Offering (IPO) need to do it today as the subscription process will conclude today. The public issue opened for subscription on Wednesday, November 2, 2022 and will conclude on Friday, November 4, 2022. Fusion Microfinance shares are commanding a premium (GMP) of Rs. 5 in the grey market today, Live Mint has quoted market observers as saying.
As per the details, on the second day of the bidding process on Thursday, the issue of Fusion Microfinance was subscribed 0.29 times. The portion reserved for Qualified Institutional Buyers (QIBs) did not receive any bids, the portion for Retail Individual Investors (RIIs) received 0.31 times subscription and non-institutional investors quota was subscribed 0.61 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 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. Check the process below:
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'
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