grameen-kotta-ipoCreditAccess Grameen Limited IPO Details – Date, Price, Allotment Status, Listing, Subscription The company will bring its IPO to get listed soon on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. All interested investors can fetch all relevant information as Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulator SEBI.

The IPO is scheduled for August 08, 2018 with a price band of Rs. 418- Rs. 422 per equity share. The lot size of applying the IPO is for 35 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

CreditAccess Grameen Limited was incorporated on June 12, 1991 at Calcutta, India. It offers micro loans to women customers primarily in rural segment of India. The company leads as a micro finance institution in India. The firm provides its various lending products to fulfill the needs of its customers throughout their life cycle and includes income generation, family welfare, home improvement and emergency loans. It sanctions loans primarily under the joint liability group (“JLG”) model. Family welfare loans, home improvement loans and emergency loans are some of major loans categories for its existing Customers. Under its individual retail finance loans, it gives loans to those customers who are associated with the firm for at least three years and fulfill certain other eligibility criteria linked primarily to their credit history with it, income, and business position.
It has its working area in 132 districts in the eight states (Karnataka, Maharashtra, Tamil Nadu, Chhattisgarh, Madhya Pradesh, Odisha, Kerala, Goa) and one union territory (Puducherry) in India through 516 branches and 4,544 loan officers. As per the record of March 31, 2014, the customer-base of the firm increased from 0.50 million to 1.85 million active customer.

Positive Outlook of the Firm:-

  1. Follow customer centric business model for high customer retention,
  2. Focus primarily in Rural Areas characterized by low competition and built through contiguous district-based expansion,
  3. Maintain strong asset quality following robust customer selection and risk management policies,
  4. Robust performance in financial and operational record,
  5. Manage a knowledgeable and efficient management and working team,
  6. Diversified sources of borrowings and effective asset-liability management.

Objects Of The Issue:-

  • The firm will not get any proceeds from the Offer for Sale.
  • The Fresh Issue:- Here, the net proceeds will be utilized to raise the funds further for the growth of the Company’s assets, primarily the Company’s loans and advances and other investments.

Summary Of Issue:

Issue Open:- Aug 8, 2018 – August 10, 2018
Issue Type 100% Book Built Issue IPO
Issue Size (Value) Rs. 1126 crs to Rs. 1131 crs including the fresh Issue of Rs 630.00 Cr.
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [418-422] Per Equity Share
Market lots 35 Shares
Minimum Order Quantity 35 Shares
Listing At BSE, NSE

 

Creditaccess Grameen Limited IPO Asset Allocation

Category Shares Offered
QIB 50% of Net Issue Offer
HNI 15% of Net Issue Offer
Retail 35% of Net Issue Offer

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Creditaccess Grameen Limited IPO Subscription Details

Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
Qualified Institutional Buyers (QIBs) 5355555 29577065 5.52
Non Institutional Investors 4042239 3944395 0.98
Retail Individual Investors(RIIs) 9431890 8276520 0.88
Total 18829684 41797980 2.22

 


 

Important dates for CreditAccess Grameen Limited Allotment Status

CreditAccess Grameen Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

  • The Allotment date for CreditAccess Grameen Limited IPO issue is expected on 16 August, 2018.
  • The amount will get unblocked on 17 August, 2018.
  • The Shares are expected to credit in DP accounts on 20 August, 2018.
  • The Shares of CreditAccess Grameen Limited is likely to get listed on 21 August, 2018 on both BSE and NSE.

 


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Check CreditAccess Grameen Limited IPO Allotment Status

CreditAccess Grameen Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check CreditAccess Grameen IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as CreditAccess Grameen Limited IPO
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.

 

Download “CreditAccess Grameen Limited” IPO Application Form

From BSE: click here

From NSE: click here

 


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Promoters Of the Company:-

CreditAccess Asia N.V. (“CAA”).

Financials:- (Restated)

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Equity & Liabilities 52,183.48 35,640.72 28,079.76 17,268.09 10,580.80
Total Revenue 8,752.05 7,092.61 4,667.19 2,814.28 1,478.29
Total Expenses 6,823.46 5,849.63 3,371.76 2,065.10 1,230.29
Profit After Tax (PAT) 1,246.41 802.98 832.41 487.32 166.26

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Book Running Lead Managers Details:-

1) ICICI Securities Limited

ICICI Centre H.T. Parekh Marg Churchgate, Mumbai 400 020 Maharashtra, India

Tel : +91 22 2288 2460

Fax : +91 22 2282 6580

E-mail: cagrameen.ipo@icicisecurities.com

Investor grievance E-mail: customercare@icicisecurities.com

Website: www.icicisecurities.com

Contact Person: Shekhar Asnani/ Anurag Byas

SEBI Registration No.: INM000011179

2) Credit Suisse Securities (India) Private Limited

Ceejay House, 9th Floor Plot F, Shivsagar Estate Dr. Annie Besant Road Worli, Mumbai 400 018 Maharashtra, India

Tel: +91 22 6777 3885

Fax: +91 22 6777 3820

E-mail:list.grameenkootaipo@creditsuisse.com

Investor grievance E-mail: list.igcellmerbnkg@credit-suisse.com

Website: www.credit-suisse.com

Contact Person: Abhay Agarwal

SEBI Registration No.: MB/ INM000011161

3) IIFL Holdings Limited

10th Floor, IIFL Centre Kamala City, Senapati Bapat Marg Lower Parel (West), Mumbai 400 013 Maharashtra, India

Tel: +91 22 4646 4600

Fax: +91 22 2493 1073

E-mail: cagr.ipo@iiflcap.com

Investor grievance E-mail: ig.ib@iiflcap.com

Website: www.iiflcap.com

Contact Person: Vishal Bangard/ Pranay Doshi

SEBI Registration No.: INM000010940

4) Kotak Mahindra Capital Company Limited

1st Floor, 27 BKC, Plot No. 27 “G” Block, Bandra Kurla Complex Bandra (East), Mumbai 400 051 Maharashtra, India

Tel: +91 22 4336 0000

Fax: +91 22 6713 2447

E-mail: cagl.ipo@kotak.com

Investor grievance E-mail: kmccredressal@kotak.com

Website: www.investmentbank.kotak.com

Contact Person: Ganesh Rane

SEBI Registration No.: INM000008704

Registrar to the offer:-

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032, India.

Telephone: +91 (40) 6716 2222

Facsimile: +91 (40) 2343 1551

Email: einward.ris@karvy.com

Website: www.karisma.karvy.com

Investor Grievance ID: hdfcamc.ipo@karvy.com

Contact Person: M Murali Krishna

SEBI Registration No. INR000000221

Registered Office Details:-

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

Tel: +91 80 2263 7300;

Fax: +91 80 2664 3433

Contact Person: Darshana Kothari,

Company Secretary and Compliance Officer: E-mail: csinvestors@grameenkoota.org;

Website: www.grameenkoota.org

Corporate Identity Number: U51216KA1991PLC053425

ASBA BANK LIST

1. HDFC Bank
2. ICICI bank
3. Indusind Bank
4. Kotak Bank
5. Axis Bank
6. Yes Bank
7. State Bank of India
8. Punjab National Bank
9. Canara bank
10. Bank Of Baroda

11. Indian Overseas Bank
12. Bank Of India
13. Central Bank Of India
14. Union Bank Of India
15. IDBI Bank
16. Oriental Bank Of Commarce
17. Vijaya Bank
18. Dena Bank
19. Citi Bank
20. Standard Chartered Bank

Please note that these bank received app only in Delhi not outside delhi. Any HNI application will not be accepted for bidding after 2 p.m. on the Last date of the Issue.

** ASBA Mandatory ( No Cheque will be accepted) **

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