Fusion Micro Finance makes muted debut; lists at 2% discount
The ₹1,104 crore IPO of Fusion Micro Finance was subscribed 2.95 times; the issue had a price band of ₹350-₹368 per share
The ₹1,104 crore IPO of Fusion Micro Finance was subscribed 2.95 times; the issue had a price band of ₹350-₹368 per share
Ahead of the IPO, Fusion Micro Finance has raised around ₹331 crore from 17 anchor investors by allotting 89,99,943 equity shares at the upper end of issue price at ₹368 apiece
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.
Right policy measures and strategic tie-ups with banks hold the key.