The upcoming initial public offerings(IPO) are-
Fusion Micro Finance Limited-
Fusion Micro Finance Limited was founded in 2010 with an aim to reach the underpenetrated rural areas that offer significant growth opportunities. It has achieved a footprint across India, where it has extended its reach to 2.12 million active borrowers who it serves through the network of 725 branches and 6,351 permanent employees spread across 326 districts and 18 states and union territories in India. The company believes that its footprint of active borrowers and branch network puts it in a position to further penetrate and deepen its presence in areas in which it has established branch infrastructure but remains relatively untapped and also to expand into new regions that have significant growth potential. Its extensive and geographically diverse distribution network allows it to offer “last-mile” connectivity to customers in remote rural areas. The company was ranked second among the top ten NBFC-MFIs in India in terms of the lowest concentration of portfolio from the largest state, and it has the lowest gross loan portfolio per district and per customer among the top ten NBFC-MFIs in India, for the financial year 2021, and no single state contributed to more than 19.00% of its total AUM.
As of March 31, 2021, the share of AUM from customers in rural areas represented 92.26% of its total AUM. The focus customer segment is women in rural areas with an annual household income of up to Rs.160,000. The company’s business runs on a joint liability group-lending model, wherein a small number of women form a group (typically comprising five to seven members) and guarantee one another’s loans. It believes this model ensures credit discipline through 159 peer support within the group, making the customers prudent in conducting their financial affairs and prompt in repaying their loans. The key product offerings are income-generating loans that provide capital for women entrepreneurs in rural areas to fund businesses operating in the agriculture, manufacturing and production, trade and retail, and services sectors.
The company proposes to utilize the net proceeds to augment its capital base. Listing would enhance the brand image of the company.
The company had revenues of Rs 494.3 crore with a profit of 5.08 crore (Year ended March 31, 2019), revenues of Rs. 666.4 crores with a profit of Rs. 7.01 crore (Year ended March 31, 2020), and revenue of Rs. 827.5 crores with a net profit of Rs. 4.39 crore (Year ended March 31, 2021).
Global Health Limited-
Global Health Limited is one of the largest private multi-specialty tertiary care providers operating in the North and East regions of India, with key specialties of cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopedics’, liver transplant, kidney, and urology. Under the “Medanta” brand, it has a network of four hospitals currently in operation (Gurugram, Indore, Ranchi, and Lucknow), a hospital that is under construction with an operational outpatient facility (Patna), and one hospital (Noida) planned for development. It provides healthcare services in over 30 medical specialties and engages over 1,100 doctors led by highly experienced department heads, spanning an area of 3.7 million sq. ft., the operational hospitals have 2,176 installed beds.
The company’s hospital at Gurugram was ranked as the best private hospital in India for two consecutive years in 2020 and 2021 and was the only Indian private hospital to be featured in the list of top 200 global hospitals in 2021 by Newsweek. Global health also operates five multi-specialty clinics at DLF Cybercity Gurugram, Delhi Airport, south Delhi, Darbhanga, and Patna. For the homecare services, it has scaled up telemedicine and remote delivery of healthcare services, and the monthly average consultation via video and telephone increased by 1,419.33% from 419.00 in Fiscal 2020 to 6,366.00 in Fiscal 2021 in Gurugram. its home-care sample collection services provide sample collection, delivery of medicine, preventive health checks, pediatric vaccinations, and nursing services (by transaction), all at the convenience of the patient’s home.
Global Health Limited proposes to utilize the net proceeds of the Issue towards funding and repayment/prepayment of borrowings, of its subsidiaries, GHPPL and MHPL; and general corporate purposes. The promoter of the company is Dr. Naresh Trehan.
The company had revenues of Rs 1505.98 crore with a profit of 51.3 crores (Year ended March 31, 2019), revenues of Rs. 1554,26 crore with a profit of Rs. 36.33 crores (Year ended March 31, 2020), and revenue of Rs. 1478.15 crores with a net profit of Rs. 28.81 crores (Year ended March 31, 2021).
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