CreditAccess Grameen IPO

CreditAccess Grameen IPOBusiness 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. 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. 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. 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 Dates 8 - 10 August 2018
Price Band INR418 - 422 per share
Fresh issue INR630 crore
Offer For Sale 11,876,485 shares (INR496.44 - 501.19 crore)
Total IPO size INR1,126.44 - 1,131.19 crore
Minimum bid (lot size) 35 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Objects of the issue
  • Augmenting its capital base
CreditAccess Grameen's financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Total revenues 89.2 147.8 281.4 466.7 709.3 875.2
Total expenses 81.7 123.0 206.5 337.2 585.0 682.3
Profit after tax 7.9 16.6 48.7 83.2 80.3 124.6
Net margin (%) 8.9 11.2 17.3 17.8 11.3 14.2
CreditAccess Grameen Contact Details

CreditAccess Grameen Limited 
New No. 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
Category Shares offered Subscription (no. of times, at 7pm)
Day 1 Day 2 Day 3
QIB 5,355,555 0.69 0.79 5.52
NII 4,042,239 0.01 0.01 0.98
Retail 9,431,890 0.12 0.28 0.88
Total 18,829,684 0.25 0.37 2.23

 

CreditAccess Grameen IPO Allotment Status

CreditAccess Grameen IPO allotment status is now available on Karvy Computershare’s website. Click on this link to 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)

CreditAccess Grameen IPO
1 (20%) 1 vote

10 thoughts on “CreditAccess Grameen IPO

  • August 23, 2018 at 7:01 PM
    Permalink

    why almost all Brokers said ‘Subscribe’, when there is visible no listing gain & only long-term pain is waiting? are they say so because of ‘Paid Preview’ / Free-Advise to destroy Retail Investors’ money?

    Reply
  • August 19, 2018 at 1:41 PM
    Permalink

    QIB subscription was 5 times ,this indicates it may give 50 % return if hold for a while.

    Reply
    • August 23, 2018 at 6:56 PM
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      how? what is that basis of ur tukka?

      Reply
  • August 10, 2018 at 12:47 PM
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    CreditAccess Grameen GMP as on 10th August 2018

    Premium range – 10 to 15 per share
    Kostak rate – 200/- per application (valid before listing)

    Reply
  • August 10, 2018 at 8:52 AM
    Permalink

    Flop show, poor subscription in two days. HNIs are just not interested. There will be some more applications on last day to complete the requirement but there is clearly no buzz around this IPO.

    Stay away as there may be selling pressure on listing day!!

    Reply
  • August 8, 2018 at 10:18 PM
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    Not bad……. listing gain 5-10 %.

    Reply
    • August 20, 2018 at 8:59 AM
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      how to open price listing day

      Reply
    • August 23, 2018 at 6:58 PM
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      how? again …. what is that basis of ur tukka? see 2day’s listing & figure-out all by urself!

      Reply
  • August 2, 2018 at 4:39 PM
    Permalink

    SKS is already in field .Good scope in South India.

    Reply

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