CreditAccess Grameen IPO, Review, IPO Performance by IPOPlatform India

About CreditAccess Grameen

Company Information

CreditAccess Grameen Limited is a leading Indian micro-finance institution headquartered in Bangalore, focusing on providing micro-loans to women customers, primarily in rural areas of India. According to CRISIL Research, it was the third-largest NBFC-MFI in India in terms of gross loan portfolio as of March 31, 2017. The company offers a wide range of lending products catering to the critical needs of its customers throughout their life cycle, including income generation, family welfare, home improvement, and emergency loans. Its customer-centric business model, diverse product offerings, and efficient delivery and collection systems have contributed to high customer retention rates and low credit costs.
The company predominantly serves rural areas, where access to formal banking services is limited. Its products are designed with a deep understanding of

Object of Issue

The Offer comprises of the Fresh Issue and the Offer for Sale
The Company will not receive any proceeds from the
Offer for Sale
The net Proceeds from the Fresh Issue will be utilized towards augmenting the capital base to meet future capital requirements of the company which are
expected to arise out of growth in the Company's assets, primarily the Company's loans and advances and other investments

CreditAccess Grameen MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Aug, 2018

IPO Size :

1131.19 Cr.

IPO Subscription :

2.22 X

PE Multiple :

48.00

Merchant Banker :
Credit Suisse Securities (India) Private Limited

IPO Registrar:
Kfin Technologies Limited

FAQs

1. What is CreditAccess Grameen IPO?

CreditAccess Grameen operates in Banking And Finance and Rural Micro Financing For Women. The Issue is listed on MainBoard in Aug, 2018. CreditAccess Grameen IPO size was 1131.19 Cr. with Issue price of 422.00 .

2. Who is the merchant banker of CreditAccess Grameen IPO?

Merchant Banker(s) of CreditAccess Grameen IPO: Credit Suisse Securities (India) Private Limited , ICICI Securities Limited , Iifl Securities Limited , Kotak Mahindra Capital Company Limited

3. How many times CreditAccess Grameen IPO was subscribed?

CreditAccess Grameen IPO subscription was 2.22 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of CreditAccess Grameen IPO?

CreditAccess Grameen IPO listed at a listing price of 420.80 against the offer price of 422.00.

5. What is the current market price of CreditAccess Grameen IPO?

The current market price of CreditAccess Grameen is 999.50.