CreditAccess Grameen IPO Ratings & Reviews
Microfinance company CreditAccess Grameen has got approval to offer IPO from the stock market regulator SEBI. The company has drafted on 8th Feb, 2018 to raise an Initial Public Offering of Rs 1130 Crores.
The issue price band will start from Rs. 418 to 422 Per Share and will finally listed on BSE & NSE. The face value of shares is Rs 10 each.
The company is providing micro-loans to women customers in Rural Areas. It is third largest NBFC-MFI loan provider in India by CRISIL Research. Their loan types are income generation, family welfare, home improvement emergency loans and more.
SEBI has given ‘Observation’ to CreditAccess Grameen on June 12. It is mandatory for SEBI to get ‘Observation’ to present its IPO for any company. Main headquartered in Bengaluru is planning to issue fresh shares of Rs 900 crore, while shares sold by the promoter and existing shareholders
According to draft papers, the company will issue new shares worth Rs 900 crore, while promoters will sell 1,02,81,317 shares of their stake. For the issue, ICICI Securities, Credit Suisse (India), Kotak Mahindra Capital Company and IIFL Holdings have been appointed as Managers.
CreditAccess Grameen currently have 440 branches in 112 cities with on average of 5267 employees.
Upcoming IPO CreditAccess Grameen’s grey market premium price or GMP today is good as per market and financial performance.
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 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 Financial Performance (in INR crore)
CreditAccess Grameen IPO Subscription Status
|Category||Day 1||Day 2||Day 3|
CreditAccess Grameen IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: August 8, 2018
- Bid/Offer Closes On: August 10, 2018
- Basis of Allotment: On or about: Aug 16, 2018
- Refunds Status: On or about: Aug 20, 2018
- Credit of Equity Shares to demat accounts: On or about: Aug 21, 2018
- Listing Date: On or about: Aug 23, 2018
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.
Company Contact Information:
CreditAccess Grameen Limited
New No. 49 (Old No. 725) , 46th Cross, 8th Block
Jayanagar, Next to Rajalakshmi Kalyan Mantap,
Bangalore 560 071,
Phone: +91 80 2263 7300
Fax: +91 80 2664 3433
Email: [email protected]
CreditAccess Grameen IPO Registrar:
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