Credit Grameen Ipo Price

Credit grameen ipo price

Business description – CreditAccess Grameen is a leading micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.

CreditAccess Grameen IPO: Here’s All You Need To Know

According to CRISIL Research, it was the third largest NBFC-MFI in India in terms of gross loan portfolio as of March 31, 2017. Its range of lending products addresses the critical needs of customers throughout their life cycle and includes income generation, family welfare, home improvement and emergency loans.

The company focuses predominantly on customers in rural areas in India, who largely lack access to the formal banking sector and present a latent opportunity for offering micro-loans.

Credit grameen ipo price

Its products are built on a deep understanding of the requirements of its customers and the flexibility of its products (in terms of ticket sizes, end-uses and repayment options). Its focus customer segment is women having an annual household income of INR160,000 or less in Urban Areas and INR100,000 or less in Rural Areas. It provides loans primarily under the joint liability group (JLG) model.

Credit grameen ipo price

The company’s primary focus is to provide income generation loans to its customers, which comprised 86.81% of its total JLG loan portfolio, as of September 30, 2017. CreditAccess Grameen also provides other categories of loans such as family welfare loans, home improvement loans and emergency loans to existing customers. In 2016, it introduced individual retail finance loans for customers who had been its customers for at least three years and fulfil certain other eligibility criteria linked primarily to their credit history, income and business position.

Promoters of CreditAccess Grameen – CreditAccess Asia NV
CreditAccess Grameen IPO details
Subscription Dates8 – 10 August 2018
Price BandINR418 – 422 per share
Fresh issueINR630 crore
Offer For Sale11,876,485 shares (INR496.44 – 501.19 crore)
Total IPO sizeINR1,126.44 – 1,131.19 crore
Minimum bid (lot size)35 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Objects of the issue
  • Augmenting its capital base
CreditAccess Grameen’s financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017FY2018
Total revenues89.2147.8281.4466.7709.3875.2
Total expenses81.7123.0206.5337.2585.0682.3
Profit after tax7.916.648.783.280.3124.6
Net margin (%)8.911.217.317.811.314.2
More about CreditAccess Grameen
CreditAccess Grameen Contact Details

CreditAccess Grameen Limited 
New No.

Trade tools work platform stools

49 (Old No. 725)
46th Cross, 8th Block, Jayanagar
Bangalore 560 071

Phone: +91 80 2263 7300
Fax: 
+91 80 2664 3433
Email:
[email protected]
Website: www.grameenkoota.org

Registrar of CreditAccess Grameen IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
[email protected]
Website: www.karvycomputershare.com

Valuation of CreditAccess Gramin (FY2018)

Earnings Per Share (EPS): INR12.11

Price/Earnings (P/E) ratio: 34.51 – 34.84

Return on Net Worth (RONW): 8.73%

Net Asset Value (NAV): INR111.12 per share

CreditAccess Grameen IPO Subscription Details
CategoryShares offeredSubscription (no.

Credit grameen ipo price

of times, at 7pm)

Day 1Day 2Day 3
QIB5,355,5550.690.795.52
NII4,042,2390.010.010.98
Retail9,431,8900.120.280.88
Total18,829,6840.250.372.23

 

CreditAccess Grameen IPO Allotment Status

CreditAccess Grameen IPO allotment status is now available on Karvy Computershare’s website.

Click on this linkto get allotment status.

Listing Performance of CreditAccess Grameen

IPO Opening Date: 8 August 2018

IPO Closing Date: 10 August 2018

Finalisation of Basis of Allotment: 16 August 2018

Initiation of refunds: 20 August 2018

Transfer of shares to demat accounts: 21 August 2018

Listing Date: 23 August 2018

Listing Price on BSE: INR385 per share (down 8.76% from IPO price)

Closing Price on NSE: INR422.05 per share (up 0.01% from IPO price)

Credit grameen ipo price