Check CreditAccess Grameen IPO Allotment Status, Listing date, Share Price

CreditAccess 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:

Creditaccess Grameen Limited IPO Asset Allocation

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Creditaccess Grameen Limited IPO Subscription Details

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Promoters Of the Company:-

CreditAccess Asia N.V. (“CAA”).

Financials:- (Restated)

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