Fusion Micro Finance Share Price on BSE, NSE; Stock Performance in Debut Trade - Full details

Fusion Micro Finance Share Price on BSE, NSE: Shares of Fusion Micro Finance on Tuesday made a weak market debut and ended over 12 per cent lower against the issue price of Rs 368.

Fusion Micro Finance Share Price on BSE

The stock made its debut at Rs 360.50, a discount of 2 per cent on the BSE. During the day, it declined 12.66 per cent to Rs 321.40. The stock later settled at Rs 324.90 apiece, lower by 11.71 per cent.

Fusion Micro Finance Share Price on NSE

On the NSE, it tanked 12.11 per cent to finish at Rs 323.40 apiece after beginning the trade at Rs 359.50, lower by 2.30 per cent from the issue price.

Fusion Micro Finance: M-Cap

Its market valuation stood at Rs 3,269.49 crore on the BSE.

In volume terms, 7.49 lakh shares were traded on the BSE and over 1.67 crore shares on the NSE during the day.

Fusion Micro Finance IPO

The Initial Public Offering (IPO) of Fusion Micro Finance was subscribed 2.95 times earlier this month.

The Rs 1,104-crore IPO had a price range of Rs 350-368 a share.

Fusion Micro Finance was looking to raise Rs 1,104 crore from its IPO which comprises fresh issuance of equity shares worth Rs 600 crore and an offer of sale of 13,695,466 equity shares by promoters and existing shareholders.

Those selling shares in the OFS are -- Devesh Sachdev, Mini Sachdev, Honey Rose Investment Ltd, Creation Investments Fusion, LLC, Oikocredit Ecumenical Development Co-operative Society U.A and Global Financial Inclusion Fund.

Net proceeds from the fresh issue will be used to augment the capital base of the microfinance firm. The company has set a price band of Rs 350-368 a share.