How to Check CreditAccess Grameen IPO Allotment Status?
CreditAccess Grameen IPO allotment status will be available at Karvy Computershare’s website – https://corpreg.karvy.com/ipostatus/. Go through the below steps to get the allotment applicaton status.
- Click Here On CreditAccess Allotment Link
Check Allotment Here : Click Here
2. Select CreditAccess Grameen from the dropdown Menu
3. Enter your PAN Number or Application Id or DP Client Id.
4. Enter the Captcha code
5. Click on Submit Button
What is the Allotment & Listing Date for CreditAccess Grameen?
Basic Allotment Date: 16 August 2018
Banking SMS Time: 2 PM
Website Update Time: 8 PM
Listing Date: 23 August 2018
CreditAccess Grameen IPO Basis of Allotment: (Estimate)
CreditAccess Grameen’s IPO has opened for investment. This IPO can be subscribed till 10th August. The company wants to raise Rs 1,131 crore from the primary market. The company has a price band of Rs 418-422 per share. Credit access is a micro finance company.
Brokerage houses believe that the company has tremendous hold in rural areas. Also its balance sheet is also solid. The operating ratio is also very good. However, its main business is limited to selected states (84 per cent in Karnataka and Maharashtra).
Brokerage houses have mixed opinions on this IPO. Some are advised to stay away from it, while some believe that it can be invested with caution. At its upper price, it appears at 2.9 times the book value. Its closest rival Ujjivan is 2.7 times
During FY14, the company’s Asset Under Management (AUM) has increased from Rs 65.2 % to Rs 4,975 crore annually. Meanwhile, the number of customers in the company has increased at an annual rate of 32.4 %.
CreditAccess Grameen was the second largest micro finance company offering loans in the fiscal year 17. Also, according to data from March 31, it was at the third position in the gross loan portfolio. Many brokerages are still confident about it.
This IPO is generating a strong demand in Indian market from investors and the issue will be subscribed more than 80 times.
CreditAccess Grameen IPO Grey Market Premium: Check Here
CreditAccess Grameen IPO Details
|Subscription Dates||8-10 August 2018|
|Issue Price Band||INR 418 – 422|
|Minimum bid (lot size)||35 Shares|
|Minimum bid Price||INR 14770|
|Face Value||INR 10 per share|
|IPO Size||INR 1130 Cr|
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
CreditAccess Grameen IPO Subscription Status
|Category||Day 1||Day 2||Day 3|
CreditAccess Grameen IPO Review & Recommendation:
- Subscribe for Long Term: Good market opportunity have in this IPO. Price is band is not high. We Recommend you to apply CreditAccess Grameen IPO, will sure give you benefit for listing gain & long term gain…
CreditAccess Grameen IPO Prospectus:
CreditAccess Grameen IPO Lead Manager(s):
- Credit Suisse Securities (India) Private Limited
- ICICI Securities Limited
- IIFL Holdings Limited
- Kotak Mahindra Capital Company Limited
CreditAccess Grameen IPO Promoters:
- CREDITACCESS ASIA N.V.
Karvy Computershare Private Limited
Tel: +91 40 6716 2222
Fax: +91 40 2343 1551
E-mail: [email protected]
Investor Grievance Email: [email protected], [email protected]
Website : www.karisma.karvy.com