Creditaccess Grameen Limited IPO Biding Information

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Creditaccess Grameen Limited

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. 

Creditaccess Grameen Limited IPO Brief
Issue Opens 08 Aug 18 Price Band : 418 - ₹422
Issue Closes 11 Aug 18 Bid Lot 35 Shares
Listing At NSE, BSE

Number of Times Issue is Subscribed (BSE + NSE)

Category No.of Shares Offered/reserved at No.of shares bid for No.of Times Subscribed
Qualified Institutional Buyers(QIBs)* 10711110 29577065 5.5235
Non Institutional Investors 8084478 3944395 0.973
Retail Individual Investors(RIIs) 18863780 8276520 0.8773
Total

Total No.of Application Approx : ~ 165274

Retail Subscription on the basis of Apps : 0.61 x

Issue Terms

Issue price / Floor Price (Rs) 418-422
Application per share (Rs) 422
Minimum bid (no of shares) 35
Maximum Shares for Retail 35

Issue Date and Sizes

Issue opens 08 Aug 18
Issue closes 11 Aug 18
Listing on 23 Aug 18
Issue size (Rs cr) 1131.19

FAQs

  • When is Creditaccess Grameen Limited IPO coming?

    The Creditaccess Grameen Limited IPO opens on 08 Aug 18 and closes on 11 Aug 18.

  • What is Creditaccess Grameen Limited IPO timetable?

    Creditaccess Grameen Limited IPO tentative timelines are as below.

    • Public Issue Open: 08 Aug 2018
    • Public Issue Close: 11 Aug 2018
  • What is Creditaccess Grameen Limited IPO closing time?

    Creditaccess Grameen Limited IPO will close for subscription at Aug 11, 2018 12:00:00 AM.

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