Fusion Micro Finance Limited IPO Message Board (Page 4)

8/8 happy

Allotment out on link time

Applied 1 lot in retail for some experiment, mandate revoked 🤣

GMP 5-8

I applied 1 lot in Retail @350.. Because It subscribe 0.5x
I don't know weather it will accept or not...

Please Suggest!!

@Alloted How much amount debited for you? Please confirm.🤞🤔

Nobody should have got at lower price. Issue was subscribed more than 1

Applied one bHNI and 2 sHNI

Thanks

@SHEKHAWAT T,
Holding Lemerite still. Unfortunately, not sure when it will turn around.

@CB,
The listing was ok, but huge selling brought down the price. I am holding for long term. I may add to average on further fall. Please take your decision depending on your risk appetite and holding duration.

Thanks

@MRavi sir .. Thanks you for your opinion. I will make my choice with time. I was aware risk is there but it exceeded my expectation, kept hope that it will go up. Though the business is different I repent selling Rainbow Child in loss after subdued listing and not good movement for few months.

Your account has been debited towards Fusion Micro Finance Limited for Rs. 14720.0 on 2022-11-10 05:38:11 PM

At last got an allotment.

Got allotment.. 3 lots

Amount debited just now

allotment aaj hai?

fusion premium 6.5

Past experiences of home finance and micro finance show no rewards to investors in short & long term. Just to illustrate a few,

1. Bharat financial micro finance which many new members won't even know of opened at high price in market only to tank down with controversies and finally merged with IndusInd bank leaving this bank overcome the merger impact for several quarters.

2. Home finance ltd with an IPO in Jan 2021 went below IPO price within few minutes of listing. After a long wait of a year and half, market price crossed little over issue price as on date.

3. Aptus home finance still struggling to come up to its IPO price of August 2021.

4. Spandana Spoorthy another well touted number 2 microfinance emerged with its own controversies with founder chairman stepping down on the back of corporate governance & underperformance

5. No need to enumerate last IPO of Suryodaya Finance, where quite a few on this board subscribed including self, ending in 40% losses with share turning a value destroyer from first day of listing,

Microfinance companies with its inherent nature of business like a cottage industry is susceptible to unreported losses due to plenty of gaps & misses in auditing and governance. Both Aptus & Home finance had marquee investors like Warburg Pincus or its subsidiaries who divested in OFS!

The only successful IPO was from Credit Access Grameen, number 1 microfinance firm whose market price doubled from IPO price in 5 plus years. The IPO was undersubscribed with full allotment up to 2 lakhs under old system of proportionate allotment for retail.

With above facts, will not apply in Fusion IPO or even Five star business. Good opportunities exist in secondary market in smaller banks like Karnataka Bank, South India Bank, DCB, Karur Vysya & TMB. Even PNB Housing finance can be a value buy at much lower valuations.

Above points are factual. Suggest boarders here take decision with own discretion and risk ability. Hope this information is useful at thsi juncture.

@ Lokesh Chiru : 😊 You were RIGHT. I think I finally lived up to my Board name. Didn't have the heart to put in a single application here... Went FF in Amiable instead 👍👍

Well in this list I forgot to mention another finance company IPO , Indo Star Finance where I lost money post allotment. Now this list gets added with Fusion Finance. Soon may be Five Star finance too..

Kuch nahi to yeh to milegaa hi.

Have Applied In this IPO.
Will Keep share with IPO price as SL

Risky savy shall Hold.
Flippers will get good gain and Must Sell some in order to Book Profit.
Fusion Panic Created all around

Insane!

Current GMPs of closed IPOs

DCX 80+
Fusion 8
Medanta/Global 16+
Bikaji 40+
SME - IPS 10

Fusion premium 6

fusion premium izz 0 ...

Haal Thok Maal Thok....

big hni / small hni aur becha hua share bhi cutting karke fund divert kar diya...
sode cancel karva ke becha hua maal ka naffa de diya... yummyy....

@SHAHUKAAR
MOTA BHAI GOOD SHOTS LIKE DHONI'S SIXER

KABHI KABHI HAME BHI TOH TIPS DE DYA KAROOOOO

@kappo shuruaat apne ki 14 rs. se ... apke pichhe hum ne bhi becha 🥹😌

6 rs now

Abhi retailers 2 ya 5% k liye koi risk lena nhi chahte kyunki recent ipo me bhot loss ho gya he sab ko now they are cautious