Fusion Microfinance IPO: What GMP Represents After Subscription Closes

Fusion Microfinance IPO GMP Today

Market observers said Fusion Microfinance IPO GMP Today Is 12, which is 7 More Than Its Friday’s GMP 5 per equity share. He said that the main reason for the rise in the gray market price of Fusion Microfinance IPO is the change in the stock market sentiment in Friday’s session. He said that Dalal Street was bleeding from the last two sessions before Friday’s session. Therefore, this trend reversal in the secondary market turned out to be a trend reversal even for gray market sentiments. However, he added that if the bears continue to hold on or near the listing date of Fusion Microfinance IPO, the slow investor response to the public issue could weigh on the gray market sentiments.

What does this GMP mean?

Fusion Microfinance IPO GMP is on today, market observers say 12, which means the gray market is expecting Fusion Microfinance IPO listing 380 ( 368+ 12), which is at par with the Fusion Microfinance IPO price band from 350 368 per equity share.

Fusion Microfinance IPO Membership Status

After three days of bidding from November 2 to November 4, 2022, the public issue was subscribed 2.95 times while its retail portion was subscribed 0.51 times. However, the IPO received a comparatively better response in the QIB category as its QIB portion was subscribed 8.59 times.

Fusion Microfinance IPO Details

Fusion Microfinance IPO allotment date is likely to be on 10th November 2022 while Fusion Microfinance IPO listing date is likely to be 15th November 2022. public issue price 600 crore is proposed for listing on both NSE and BSE.