Fusion Micro Finance IPO review by Anil Singhvi: Subscribe or avoid? Check recommendation here
Fusion Micro Finance IPO review by Anil Singhvi: According to Zee Business Managing Editor Anil Singhvi, people should subscribe for returns in the long term.
Fusion Micro Finance IPO review: Fusion Micro Finance's initial public offering (IPO) is now open for subscription. The New Delhi-based microfinance company focuses on providing financial assistance to underserved women across India. The company aims to facilitate women in having access to greater economic opportunities. The company has fixed a price band of Rs 350-368 a share for its Rs 1,104 crore IPO.
According to Zee Business Managing Editor Anil Singhvi, people should subscribe for returns in the long term.
"One should subscribe to this IPO for returns in the long term. If they can make some money in the short term, nothing like that. There are chances of listing gains as well but don't expect major gains," Singhvi said.
The Zee Business Managing Editor said that the company has very experienced and clean promoters and has a very strong growth outlook.
"According to the data of the last three years that I have, the company has had very strong growth. It is a profit-making company and has good numbers and ratings. However, it has a lot of competition in the sector and valuation should have been more attractive," he added.
Click Here For Latest Updates On Stock Market | Zee Business LiveICICI Securities, CLSA India, JM Financial and IIFL Securities are the merchant bankers to the issue.
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