Fusion Micro Finance IPO GMP History
Fusion Micro Finance IPO has been listed on November 15, 2022 at a listing price of ₹359.5, against the issue price of ₹368 — a loss of ₹8.5 (-2.31%). The GMP peaked at ₹40 on 28 October 2022 and reached a low of ₹5 on 14 November 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Fusion Micro Finance IPO raised ₹1103.99 Cr. through its IPO at a price band of ₹350 to ₹368 per share, with a lot size of 40 shares. The IPO was open for subscription from 02 Nov 2022 to 04 Nov 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:32 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 14 Nov 2022 | ₹ 5 | — | 1% | — | — |
| 12 Nov 2022 | ₹ 5 | — | 1% | — | — |
| 11 Nov 2022 | ₹ 5 | — | 1% | — | — |
| 10 Nov 2022 | ₹ 5 | — | 1% | — | — |
| 09 Nov 2022 | ₹ 5 | ▼ | 1% | — | — |
| 08 Nov 2022 | ₹ 8 | ▼ | 2% | — | — |
| 07 Nov 2022 | ₹ 15 | ▲ | 4% | — | — |
| 04 Nov 2022 | ₹ 10 | ▼ | 3% | — | — |
| 03 Nov 2022 | ₹ 35 | — | 10% | — | — |
| 02 Nov 2022 | ₹ 35 | — | 10% | — | — |
| 01 Nov 2022 | ₹ 35 | — | 10% | — | — |
| 31 Oct 2022 | ₹ 35 | ▲ | 10% | — | — |
| 29 Oct 2022 | ₹ 30 | ▼ | 8% | — | — |
| 28 Oct 2022 | ₹ 40 | — | 11% | — | — |
Fusion Micro Finance IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 02 Nov 2022
- Close 04 Nov 2022
- Allotment 10 Nov 2022
- Refund/credit 11 Nov 2022
- Listing 15 Nov 2022
Fusion Micro Finance IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹368 |
|---|---|
| GMP-based estimate (pre-listing) | ₹373 (+1.4%) |
| Listing gain / loss | −₹8.5 per share |
| Listing date | 15 Nov, 2022 |
| Actual listing price | ₹359.5 (-2.31%) |
Is Fusion Micro Finance IPO GMP reliable?
Grey market premium for Fusion Micro Finance IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Fusion Micro Finance IPO full review for a fundamentals-based assessment before making any grey market trades.
Fusion Micro Finance IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Fusion Micro Finance IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Fusion Micro Finance IPO
Fusion Micro Finance Limited was incorporated as Ambience Fincap Private Limited at New Delhi on 5 September 1994. It provides financial services to women entrepreneurs from economically and socially deprived sections, and also spreads financial literacy among its clients.
It is one of the youngest companies among the top 10 NBFC-MFIs in India by AUM as of 30 June 2022.
On that date it served 2.90 million active borrowers through 966 branches and 9,262 permanent employees across 377 districts in 19 states and union territories.
The IPO was Rs 1,103.99 crore, with Rs 600.00 crore of fresh issue and Rs 503.99 crore of offer for sale. The fresh money was meant to augment the capital base.
Frequently asked
What is the GMP of Fusion Micro Finance IPO?
The current Grey Market Premium (GMP) of Fusion Micro Finance IPO is ₹ 5.
What is the Kostak Price of Fusion Micro Finance IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Fusion Micro Finance IPO is not available.
What is the Subject to Sauda Price of Fusion Micro Finance IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Fusion Micro Finance IPO?
Fusion Micro Finance IPO listed on November 15, 2022 at ₹359.5, against the issue price of ₹368 — a loss of -2.31%.
How did the GMP of Fusion Micro Finance IPO trend before listing?
The GMP of Fusion Micro Finance IPO was stable in its final days before listing. The GMP peaked at ₹40 on 28 October 2022. View the day-wise table above for the complete GMP history.
Explore Fusion Micro Finance IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
