Fusion Micro Finance IPO Review & Recommendations

Avoid

Avoid

Avoid

This IPO Will Loot you, Will Koooooot you.

Avoid

High Price
No Activities in
GM
[ Before applying consult with your financial advisor and do your own research ]

1

Avoid

Instead of applying in such poor quality IPO like Fusion and Global health its better to buy good quality scrips from secondary market which are trading at cheap valuations. Few of my suggestions to buy would be : Sanofi India, Johnson Control, Tamilnad Merchantile Bank, GE T&D India, Bector Foods, Railtel etc,

Neutral

Microfinance for a niche consumer base looks good on paper but is hardly a profitable business, especially in a complex country like India with its skewed demographic census. But finance firms have historically been the markets' darlings, so it's possible this may give a listing pop. How you traverse that is a question in itself. May apply based on last day's QIB subscription figures and GMP sustenance.

Apply for Short Term at Upper Price Band

𝘈𝘱𝘱𝘭𝘺 𝘧𝘰𝘳 𝘭𝘪𝘴𝘵𝘪𝘯𝘨 𝘨𝘢𝘪𝘯.

Apply for Listing Gain at Upper Price Band

May Apply

Apply for Short Term at Cut-off Price

Attractive post IPO price by book value ratio of 1.35. In comprasion to listed microfinance companies it is very attractive.
In short term post listing i expect prices to run ahead of fundamentals so that is the reason for short term