In the run-up to the recent IPO by India’s Fusion Microfinance, 17 investors paid approximately INR 3.3 billion (USD 40 million) for equity stakes in the microlender. The actual IPO was oversubscribed by a factor of two, as Fusion raised INR 6 billion (USD 72 million) in fresh cash, and early investors and promotors sold shares for a total of INR 5 billion (USD 61 million). Among those selling their entire holdings in the company was
Tag: IPO
MICROCAPITAL BRIEF: SEBI Approves $180m IPO by Microfinance Institution Fincare SFB of India
The Securities and Exchange Board of India (SEBI) recently approved plans by Fincare Small Finance Bank (SFB), an Indian microfinance provider, to proceed with an initial public offering (IPO) of up to INR 13.3 billion (USD 180 million), of which
MICROCAPITAL BRIEF: Utkarsh Raises $32m in Equity from Aavishkaar, Growth Catalyst, Olympus, responsAbility, Triodos for Microfinance in India
Utkarsh Small Finance Bank (SFB) of India recently concluded a private placement of equity shares, raising INR 2.4 billion (USD 32 million) shortly after filing with local regulatory authorities for an upcoming IPO, through which it plans to raise an additional INR 7.5 billion (USD 100 million). The participants in the recent funding round were
MICROCAPITAL BRIEF: Microfinance Institution Arohan of India Files for IPO, Early Investors to Exit, Deals May Total $247m
The microlender Arohan Financial Services recently filed with the Securities Exchange Board of India in preparation for an initial public offering (IPO) through which it seeks to raise INR
MICROCAPITAL BRIEF: Ujjivan Small Finance Bank, Provider of Microfinance in India, Files for IPO
India’s Ujjivan Small Finance Bank (SFB) recently filed paperwork with the Securities and Exchange Board of India in preparation for an initial public offering (IPO). Ujjivan SFB seeks to raise
MICROCAPITAL BRIEF: Indian Microfinance Institution Ujjivan Goes Public, Raising $95m in Association With IPO
Ujjivan Financial Services, an Indian provider of microloans and life insurance, recently conducted its initial public offering (IPO), generating INR 3.6 billion (USD 54 million) from the sale of newly issued shares.
MICROCAPITAL BRIEF: Indian Microfinance Lender Equitas Holdings Goes Public, Raising $330m
Equitas Holdings Limited, an Indian microfinance lender, recently opened its primary market sale.
MICROCAPITAL BRIEF: AG Finance of the Philippines Embarks on Initial Public Offering (IPO) of $3.4m
AG Finance, a Philippines-based microfinance institution (MFI), recently announced that it will embark on an initial public offering (IPO) of PHP 150 million (USD 3.4 million).
MICROCAPITAL BRIEF: International Finance Corporation (IFC), Siddhartha Bank Limited (SBL) Purchase 440k Shares of Rural Microfinance Development Center (RMDC) of Nepal Via Initial Public Offering (IPO)
The International Finance Corporation (IFC), a member of the US-based World Bank Group, recently purchased 300,000 shares at NPR 180 (USD 1.87) per unit from an initial public offering (IPO) by the Rural Microfinance Development Center (RMDC), a Nepal-based wholesale microcredit lender.