Fusion Micro Finance IPO - Fusion Of Growth With Micro Financing: Reliance Securities

Fusion is one of the fastest growing NBFC-MFIs in India with AUM of Rs 73.9 billion as of Q1 FY23 from Rs 67.9 bn as of FY22.

<div class="paragraphs"><p>Indian five hundred rupee banknotes arranged for photograph. (Photo: Vijay Sartape/BQ Prime)</p></div>
Indian five hundred rupee banknotes arranged for photograph. (Photo: Vijay Sartape/BQ Prime)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Reliance Securities' IPO Report

Fusion Micro Finance Ltd. is second largest player in micro finance sector as of March 2022, which primarily caters to women entrepreneurs who are from economically and socially deprived section of the society.

In addition to the financial support the company also aids its clients to manage their finances through financial literacy.

Fusion Micro Finance runs on a joint liability group-lending model, in which a small number of women form a group, typically comprising five to seven members and guarantee each others’ loans. Fusion has the fourth fastest gross loan portfolio compound annual growth rate of ~54% between FY17-21 among the 10 largest non-banking financial company-micro finance institutions in India.

Fusion Micro Finance has embraced technology through the adoption of cloud computing software and enabling automation and digitalisation of several processes across business functions including customer on-boarding, customer service, loan disbursements, internal audit, and risk management.

Click on the attachment to read the full IPO report:

Reliance Securities Fusion Micro Finance IPO Note.pdf


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.