CreditAccess Grameen Limited IPO, CreditAccess Grameen IPO Detail

By | August 9, 2018

CreditAccess Grameen Limited IPO, CreditAccess Grameen IPO Details, CreditAccess Grameen IPO Allotment Status Online, Grey Market Premium and GMP

Micro-lender CreditAccess Grameen Ltd will be raising money through an initial public offer (IPO) from 08th August 2018 to 10th August 2018. The price band of the IPO is set between Rs. 418 – Rs. 422 per equity share. More details coming soon.

CreditAccess Grameen Limited is a leading Indian micro-finance institution. With this IPO, the company wants to raise Rs. 1,131 crores from the markets. Investors should note that this IPO is a mixture of the fresh issue and an offer for sale (OFS). Through the fresh issue portion, the company will issue shares up to Rs. 630 crores while the offer for sale portion will see shares worth Rs. 501.18 crores. At the upper end of the price band which is Rs. 422, the company will be valued at about Rs. 6,049.63 crore. This is the first mainline IPO in the month of August. The IPO Allotment will be done around 16th August 2018.

The investors can make a bid for or a minimum of 35 equity shares and multiples of 35 thereof. Those investors who are interested and want to know more about the Price, Dates, Financials etc must download the DRHP which is given below. The other details such as Allotment, Grey Market Premium, GMP Rates, Subscription, Review, Listing Dates etc are given in the below area.

CreditAccess Grameen IPO

About the company:

  • CreditAccess Grameen Limited is a leading micro-finance institution in India.
  • The company was incorporated in 1991 and it is based in Bengaluru.
  • The company mainly provides micro-loans to women customers primarily in Rural Areas in India.
  • CRISIL Research rated it third largest NBFC-MFI in India in terms of gross loan portfolio
  • The company covers 132 districts in the eight states (Karnataka, Chhattisgarh, Madhya Pradesh, Odisha, Maharashtra, Tamil Nadu, Kerala, Goa) and one union territory (Puducherry).
  • As of March 31, 2018, it has 516 branches and 4,544 loan officers.

Company Promoters: CREDITACCESS ASIA N.V.

Objects of the Issue

The CreditAccess Grameen IPO / Offer comprises of the Fresh Issue and the Offer for Sale (OFS).

Offer for Sale

  • To carry out the sale of shares by the Selling Shareholders.
  • Provide liquidity to the existing Shareholders.

Note: Company will not receive any proceeds from the Offer as all the proceeds will go the Selling shareholders.

Fresh Issue

  • To meet future capital requirements.
  • General corporate purposes.
  • Receive the benefits of listing of the Equity Shares on the Stock Exchanges.
  • Enhancement of the Company’s brand name and creation of a public market for the Equity Shares in India.

About the IPO

  • The company wants to garner Rs. 1,131 crores through this IPO.
  • The application process will be open from 08th August 2018 to 10th August 2018.
  • The company has set a price band of Rs. 418- Rs. 422 per share.
  • Bids can be made for a minimum lot of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.
  • The issue will consist of the fresh issue and an offer for sale of up to 1,18,76,485 equity shares by the promoter.
  • The fresh issue will consist of Rs. 630 crores and an offer for sale (OFS) of Rs. 501.18 crore.
  • Book running lead managers to the issue are ICICI Securities, Credit Suisse, IIFL and Kotak Investment Banking.
  • The value of the company will be Rs. 6,049.63 crore at the upper end of the price band i.e. Rs. 422.
  • Retail category investor can apply up to a maximum of Rs 2 lakh.

CreditAccess Grameen IPO, Allotment Status, Date, Price, Lot Size, Subscription, Listing

NameCreditAccess Grameen Limited
Open Date08 Aug 2018
Close Date10 Aug 2018
Allotment Date16 Aug 2018
Refund Date17 Aug 2018
Listing Date23 Aug 2018
Issue PriceRs. 418 – Rs. 422 Per Equity Share
Lot Size35 Shares
Minimum Order Quantity35 Shares
Issue TypeBook Built Issue IPO
Issue SizeInitial Public offer of [.]Equity Shares comprising of Fresh Issue upto Rs. 6,300 Million and an offer for sale of upto 11,876,485 Equity Shares. (including anchor portion of 8,041,617 Equity Shares).
Lead ManagerICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited and Kotak Mahindra Capital Company Limited
RegistrarKarvy Computershare Private Limited
Listing atNSE / BSE

CreditAccess Grameen IPO Allotment Date and Link

The allotment of the IPO will be finalised on 16th August 2018. Please check this page later.

IPO Grey Market Premium, Price, GMP

DateGMPKostak RateSauda
09 Aug 2018Rs. 15Rs. 200Rs. 400

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
FY 2018
Rs. 875.2Rs. 682.3Rs. 124.6
FY 2017Rs. 709.3Rs. 585Rs. 80.3
FY 2016Rs. 466.7Rs. 337.2Rs. 83.2
FY 2015Rs. 281.4Rs. 206.5Rs. 48.7
FY 2014Rs. 147.8Rs. 123Rs. 16.6
FY 2013Rs. 89.2Rs. 81.7Rs. 7.9
**(All Figures in Rs. Crores)

Valuations

  • Earnings Per Share (EPS): Rs. 12.11
  • Price/Earnings (P/E) ratio: 34.51 – 34.84
  • Return on Net Worth (RONW): 8.73%
  • Net Asset Value (NAV): Rs. 111.12 per share

Subscription Details

CategorySHARES OFFERED08 Aug 201809 Aug 201810 Aug 2018
RII94318900.110.280.88
NII40422390.010.02
0.98
QIB53555550.690.795.52
Total188296840.250.372.22

Registrar

Karvy Computershare Private Limited

  • Telephone: +91 40 6716 2222
  • Fax: +91 40 2343 1551
  • Email: [email protected]
  • Website: https://karisma.karvy.com

Listing Date

The listing of the shares of this IPO will be done on 23rd August 2018.

CreditAccess Grameen Limited Address

Registered Office and Corporate Office: New No. 49 (Old No. 725), 46th Cross, 8th Block, Jayanagar, Next to Rajalakshmi Kalyan Mantap, Bangalore 560 071, Karnataka, India

Telephone: +91 80 2263 7300;
Fax: +91 80 2664 3433;
E-mail: [email protected];
Website: www.grameenkoota.org

IPO DRHP / Prospectus

Download Now – Click Here.

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