Fusion Microfinance seeks Sebi's nod for IPO

Kolkata: Fusion Microfinance is looking to raise capital through a public issue and has sought market regulator Securities & Exchange Board of India's permission for the same.

The proposed initial public offer (IPO) will include a fresh issue aggregating up to Rs 600 crore and an offer for sale.

Oikocredit Ecumenical Development Co-operative Society, Global Financial Inclusion Fund, Honey Rose Investment and promoter Devesh Sachdev and family will be among the investors looking to pare their respective holdings through the offer for sale, the company said.


The lender may also consider a pre-IPO placement for raising another Rs 120 crore.

ICICI Securities, CLSA India, IIFL Securities and JM Financial are the book running lead managers for the issue.