Fusion Micro Finance Ltd has filed a draft red herring prospectus with Securities Exchange Board of India to raise funds via initial public offering. The IPO consists of a fresh issue of ₹600 crore and an offer for sale of upto 21.97 million shares by its existing shareholders and promoters. The OFS comprises upto 1.3 mln equity shares by Devesh Sachdev, upto 2 lakh shares by Mini Sachdev, upto 6.32 mln by Honey Rose Investment, upto 4 mln shares by Creation Investments Fusion LLC, upto 6.61 mln shares by Oikocredit Ecumenical Development Co-operative Society UA and upto 3.54 mln shares by Global Financial Inclusion Fund. ICICI Securities, CLSA India, IIFL Securities, JM Financial are the lead managers to the issue. For FY21, its net interest income was at ₹430.89 crore versus ₹312.30 crore a year ago.

Source: Mint August 09, 2021 15:32 UTC