Fusion Microfinance to launch IPO on November 2. Here are the details

Fusion Microfinance will open its public issue from November 2 till 4. The IPO comprises a fresh issue of Rs 600 crore and an offer for sale (OFS) of up to 1.37 crore shares.

Under the OFS, promoter Devesh Sachdev will present up to 6.5 lakh equity shares. Further, Mini Sachdev will sell up to 1 lakh shares while Honey Rose Investment and Creation Investments will divest 14 lakh shares each.

Up to 66 lakh shares will be offloaded by Oikocredit and 35.39 lakh shares by Global Impact Funds.

For the anchor investors, the issue will open on November 1.

, CLSA India, and are the book running lead managers to the issue.

The proceeds will be used to increase the company’s capital base to Rs 600 crore.

Fusion Microfinance provides financial services to underserved women across India to help them get access to greater economic opportunities.

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