After NBFC approval, Fusion Micro Finance hit a high of 1.23 per cent to Rs 341.25. The board meeting will be on 28 November. To consider fundraising by issuing non-convertible debentures, aggregating up to Rs 145 crore through PPB (private placement basis). The financial result of the second quarter was also discussed in the meeting.

The company is the second largest microfinance non-banking finance company (NBFC) in terms of the gross loan portfolio (GLP). To provide financial services to unserved and underserved women in rural and peri-rural areas across India. 

On 15 November 2022, the Fusion MicroFinance shares debuted on the bourses. 

The stocks were listed at Rs 360.50, representing a discount of 2.04 per cent to the initial public offer (IPO) price of Rs 368. On the other hand, the net profit of NBFC of Rs 75.10 crore in the first quarter of FY23, higher than Rs 4.41 crore posted in the second quarter of FY22. Also, total income jumped 35.8 per cent to Rs 360.45 crore in Q1FY23.