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Microfinance company Fusion Limited is planning to raise around Rs 600 crore through fresh issuance of equity shares in its initial public offering (IPO), a top official said on Saturday.
Fusion Microfinance IPO comprises a fresh issuance of shares worth Rs 600 crore and an offer of sale (OFS) of 1,36,95,466 shares by promoters and existing shareholders.
Fusion Microfinance on Friday said it has fixed a price band of Rs 350-368 a share for its Rs 1,104 crore initial public offering (IPO).
Honey Rose Investment, which owns 48.65 per cent stake in the company, is directly owned by certain private equity funds managed by Warburg Pincus.
Wealthtech platform Centricity has raised $4 Mn in a pre-seed funding round led by Burman family office, Shantanu Agarwal and Arun Jain.