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Fusion Micro Finance IPO Subscription Status

Fusion Micro Finance IPO was subscribed 3 times when bidding closed on 4 Nov 2022: QIB 8.53x, NII 1.41x, Retail 0.53x.

The Fusion Micro Finance IPO has been subscribed 3x times overall. Retail investors have shown interest with bids for 0.53x the shares available. The Non-Institutional Investor (NII) category has been subscribed 1.41x. Within NII, Big HNI (B-HNI) subscribed 1.56x and Small HNI (S-HNI) subscribed 1.12x. Qualified Institutional Buyers (QIBs) have subscribed 8.53x. Data last updated on 10 Nov, 11:32 AM.

The IPO subscription period has ended. The issue opened on 02 Nov, 2022 and closes on 04 Nov, 2022. The shares are expected to list on stock exchanges on 15 Nov, 2022.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 11:32 AM
Category Bid details Times
QIB - of - - 8.53x
NII - of - - 1.41x
bHNI — bid amount above ₹10 Lakh
- - 1.56
sHNI — bid amount ₹2–10 Lakh
- - 1.12
Retail - of - - 0.53x
TOTAL - - 3x
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Fusion Micro Finance IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
Full allotment
0.53x — undersubscribed. Every valid retail application should be allotted in full.
Small HNI (₹2–10 L)
5 out of 6
~89.3% chance — based on 1.12x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
2 out of 3
~64.1% chance — based on 1.56x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
8.53x
Proportionate allotment — at 8.53x, institutions receive ~11.7% of their bid. No lottery; not open to individual investors. Moderate institutional demand.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.

Institutional Backing

Massive institutional interest with QIBs subscribing 8.53x. This often signals long-term confidence from professional funds.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
04 Nov 2022
Day 3
3x ▼
QIB8.53x BHNI1.56x SHNI1.12x Retail0.53x
03 Nov 2022
Day 2
0.29x ▼
QIB- BHNI0.61x SHNI0.6x Retail0.31x
02 Nov 2022
Day 1
0.12x ▼
QIB- BHNI0.24x SHNI0.21x Retail0.14x

Fusion Micro Finance IPO dates

From the bidding window to listing. Today is 11 November.

Key dates Listed
  1. Open 02 Nov 2022
  2. Close 04 Nov 2022
  3. Allotment 10 Nov 2022
  4. Refund/credit 11 Nov 2022
  5. Listing 15 Nov 2022

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Fusion Micro Finance IPO?

As of IPO close date (04 Nov, 2022), the Fusion Micro Finance IPO is subscribed 3x times. Retail category is 0.53x, and NII is 1.41x subscribed.

When is the allotment date for Fusion Micro Finance IPO?

The allotment for Fusion Micro Finance IPO is expected to be finalized on 10 November, 2022.

What is the GMP of Fusion Micro Finance?

The Grey Market Premium (GMP) for Fusion Micro Finance is currently ₹5, indicating a potential listing gain of 1%.

When will Fusion Micro Finance IPO list on the stock market?

Fusion Micro Finance is scheduled to list on BSE and NSE on 15 November, 2022.

What are the chances of getting allotment in Fusion Micro Finance IPO?

The retail category is currently undersubscribed at 0.53x, which means most applicants are likely to receive full allotment. This is a good window to apply if you haven't already.

What does QIB subscription of 8.53x mean for Fusion Micro Finance IPO?

Moderate — QIBs have subscribed 8.53x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Fusion Micro Finance IPO allotment status?

After the allotment date (10 Nov, 2022), you can check your Fusion Micro Finance IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
3x
QIB
8.53x
NII
1.41x
bHNI
1.56x
sHNI
1.12x
Retail
0.53x
Full IPO details
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