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CreditAccess Grameen Limited IPO (CreditAccess Grameen IPO) Detail

Aug 8, 2018 - Aug 10, 2018

Incorporated in 1991, Bengaluru based CreditAccess Grameen Limited is a company engaged in providing micro-loans to women in Rural Areas in India. According to CRISIL Research,as of March 31, 2017, the company is third largest NBFC-MFI in gross loan portfolio in the country.

The company primarily focuses on providing income generating loans to women with low annual household income in Rural Areas. It also provides other types of loans for family welfare, home improvement and emergency funds.

The loans are provided primarily under the joint liability group ("JLG") model. Income generation loans comprise 87.02% the total JLG loan portfolio.

Presently the company covers 132 districts in the eight states (Chhattisgarh, Goa, Karnataka, Kerala, Maharashtra, Madhya Pradesh, Odisha, Tamil Nadu,) and Puducherry. It has a network of 516 branches and 4,544 loan officers.

The Gross AUM was ₹49,746.61 million as of March 31, 2018.

The loan disbursements were ₹33,488.46 million, ₹34,026.29 million and ₹60,817.22 million, the financial years ended March 31, 2016, 2017 and 2018 respectively.

The net interest income was ₹2,487.04 million, ₹3,852.04 million and ₹5,109.85 million for the fiscal years ended March 31, 2016, 2017 and 2018 respectively.

Strengths of the Company-

1. Promoted by CreditAccess Asia N.V., a multinational company specializing in MSE financing.
2. Strong financial performance with Gross AUM growth at a CAGR of 57.45% from Rs 8,095.22 million in March 31, 2014 to Rs 49,746.61
million in March 31, 2018.
3. Deep penetration in the rural market with 1.85 million active Customers out of the total Customer base of 2.19 million. The company's 422 out of 516 branches are categorized as rural branches.
4. Well-diversified operations with no single district contributing more than 5% of Gross AUM
5. Strong operational efficiency with the lowest operating expense ratio amongst the top-eight NBFC-MFIs and SFBs for 2017, according to CRISIL

Company Promoters:

The promoter of the company is CreditAccess Asia N.V. ("CAA"). It holds 126,985,513 Equity Shares, equivalent to 98.88% of the pre-Offer issued, subscribed and paid-up equity share capital and will continue to hold a majority of the post-Offer paid-up Equity Share capital of the Company.

Netherlands based CAA is a company engaged in providing financial services to micro, small businesses, and self-employed people. CAA has investments in microfinance institutions in several emerging countries including India, Vietnam, Indonesia and the Philippines.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 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
Profit After Tax 1,246.41 802.98 832.41 487.32 166.26

Objects of the 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 IPO Details

Issue OpenAug 8, 2018 - Aug 10, 2018
Issue TypeBook Built Issue IPO
Issue Size26,805,394 Eq Shares of Rs 10
(aggregating up to Rs 1,131.19 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 418 - Rs 422 Per Equity Share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, NSE

CreditAccess Grameen IPO Tentative Date / Timetable

Bid/Offer Opens OnAug 8, 2018
Bid/Offer Closes OnAug 10, 2018
Finalisation of Basis of AllotmentAug 16, 2018
Initiation of RefundsAug 20, 2018
Credit of Shares to Demat Acct:Aug 21, 2018
IPO Shares Listing Date:Aug 23, 2018

CreditAccess Grameen IPO Subscription Status (Bidding Detail)

CreditAccess Grameen IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Total

Shares Offered

5,355,555

4,042,239

9,431,890

18,829,684

Aug 10, 2018 18:29

5.52x

0.98x

0.87x

2.22x

CreditAccess Grameen IPO Prospectus

CreditAccess Grameen IPO Rating

931
3.9
Rating:Rated 3.9 stars

Vote Here ...

CreditAccess Grameen IPO Listing Date

  •   ›  Listing Date: Thursday, August 23, 2018
  •   ›  BSE Script Code: 541770
  •   ›  NSE Symbol: CREDITACC
  •   ›  Listing In: B
  •   ›  ISIN: INE741K01010
  •   ›  Issue Price: Rs 422 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
Rs 422.00
Rs 385.00
Rs 385.00
Rs 423.30
Rs 420.80
1,983,509
NSE
Rs 422.00
Rs 390.00
Rs 385.00
Rs 426.90
Rs 422.05
11,600,387

CreditAccess Grameen IPO Reviews / Ratings

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Company Contact Information

CreditAccess Grameen Limited
New No. 49 (Old No. 725) , 46th Cross, 8th Block
Jayanagar, Next to Rajalakshmi Kalyan Mantap,
Bangalore 560 071,
Phone: +91 80 2263 7300
Fax: +91 80 2664 3433
Email: csinvestors@grameenkoota.org
Website: http://www.grameenkoota.org/

CreditAccess Grameen IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: cgl.ipo@karvy.com
Website: https://karisma.karvy.com/

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CreditAccess Grameen IPO Review / Comments

avatar
517. Milan Parekh  Oct 19, 2018 15:40 I Like It. | Report Abuse
niche se buy karo
avatar
517.1. Symon  Oct 23, 2018 09:36 I Like It. | Report Abuse
Niche se buy karte karte niche hi ja raha he no hope
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516. Symon  Oct 18, 2018 16:13 I Like It. | Report Abuse
Milanbhai buy karne se jyada niche chala jayega
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515. K Arun  Sep 25, 2018 16:14 I Like It. | Report Abuse
TCS acceptance ratio was 100%.& got money today in my 3 accounts
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514. Yash parakh  Sep 24, 2018 11:32 I Like It. | Report Abuse
I have credit access share at Rs 415 of 100 share what to do...
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513. Led  Sep 22, 2018 09:11 I Like It. | Report Abuse
Kya creditaccess wapas recover hoga sir ji
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512. Symon  Sep 9, 2018 17:41 I Like It. | Report Abuse
Milan bhai ye issue price aa jaye to bhi bohat hay
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512.1. Milan Parekh  Oct 17, 2018 13:02 I Like It. | Report Abuse
Hold till Diwali
Buy on dips
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511. Milan Parekh  Sep 7, 2018 11:24 I Like It. 1 | Report Abuse
CAG hold till Diwali, it will come @ Rs.750
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511.1. ipo share  Sep 8, 2018 15:41 I Like It. | Report Abuse
@ Milan Parekh.
Good joke.
Haan, diwali pe diwala zaroor nikal jayega agar is bomb ko hold kiya to.
avatar
511.2. jagdish  Sep 9, 2018 11:02 I Like It. 2 | Report Abuse
FOR 2 SHARES RS. 750
avatar
510. SMELOVER  Sep 5, 2018 16:54 I Like It. 2 | Report Abuse
sell credit.
it will reach 250 rs in 3-4 months

short sell ke liye acha stock hai
avatar
509. YASH GODHVANI  Sep 5, 2018 15:25 I Like It. | Report Abuse
What should be the strategy for Credit Access now. Got the IPO at 422 and current price dropped till 375. Should the loss be booked or can be waited for it to recover back.
avatar
508. P M  Sep 1, 2018 17:18 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
TCS BUYBACK

RETAIL ACCEPTANCE RATIO --------- 44.79% (43 OUT OF 96 SHARES)
GENERAL ACCEPTANCE RATIO ----- 1.70% (4 OUT OF 235 SHARES)

BUYBACK OPEN DATE ---------- Thursday, September 6, 2018
BUYBACK CLOSE DATE -------- Friday, September 21, 2018
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508.5. DownriteVJ  Sep 24, 2018 13:26 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Still holding - 2170
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508.6. Addy A  Sep 24, 2018 13:41 I Like It. | Report Abuse
Any guess about L&T buyback acceptable ratio?
Thank you in advance
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507. SMELOVER  Sep 3, 2018 11:41 I Like It. 1 | Report Abuse
Short sell to make good money

Another candidate after DLF to short sell

will reach around 250 price in few months
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506. tnk  Aug 31, 2018 16:34 I Like It. | Report Abuse
Exited Tcs around 2085 levels, bought for tendering in buyback. No point in tendering in offer for extra 15 rs. Wait peroid till 3/10. Though it can still go higher on Q2 result date.
avatar
505. smallTimeInvestor  Aug 28, 2018 22:58 I Like It. | Report Abuse
Is it right time to enter? Or wait for more downfall?
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505.1. CHD  Aug 29, 2018 09:45 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 400+ Likes)
Start accumalating gradually ...
avatar
505.2. SMELOVER  Aug 31, 2018 10:45 I Like It. 1 | Report Abuse
CHD tum hi kharid raho ho laghta hai

everyone else is selling

300 se neeche aa jayega yeh
avatar
504. kiah  Aug 23, 2018 17:13 I Like It. | Report Abuse
Experts any advice on Indostar?
Waiting for reply
Thanks
avatar
504.1. ipobull  Aug 28, 2018 15:48 I Like It. 1 | Report Abuse
Its going downhill. Keep stop loss at 432 & exit if it touches it. Its Q1-FY19 results were not great.
avatar
503. IPOANALYSIS  Aug 24, 2018 12:37 I Like It. 8 | Report Abuse
one of the worst performing IPO recently due to expensive valuation.
Now at days low
This is what happens when price stock at expensive valuation
Look how good companies recently like HDFC AMC and Rites priced their stock so good

move to excellent management stocks like HDFC AMC , Varroc engineering, Mahindra logistics, Lt infotech, Mishar Dhatu
avatar
503.3. PavanM  Aug 28, 2018 14:46 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Agree with you IPOAnalysis on CAG. Don't buy now and better to wait for market to correct and this stock will be available at much cheaper price. I didn't apply in any of my account as I feel there should be at least 30% listing gain left for retail investors in an IPO. otherwise it doesn't make sense in applying and waiting for 10 days.
avatar
503.4. kiah  Aug 28, 2018 15:18 I Like It. | Report Abuse
Any suggestions for indostar till Diwali
avatar
502. AnkurGoel  Aug 27, 2018 17:22 I Like It. 5 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
List of Main board IPOs IN THE PIPELINE
(Status as on 24th August 2018)

A) DRHP Filed - SEBI Approval *Awaited*:

1) Senco Gold >>> DRHP date 21-Aug-18
2) AGS Transact Technologies >>> DRHP date 21-Aug-18
3) Harsha Engineers >>> DRHP date 21-Aug-18
4) Mrs Bectors Food Specialities >>> DRHP date 13-Aug-18
5) Nihilent >>> DRHP date 10-Aug-18
6) Sansera Engineering >>> DRHP date 10-Aug-18
7) Dodla Dairy >>> DRHP date 09-Aug-18
8) ASK Investment Managers >>> DRHP date 07-Aug-18
9) Shyam Metallics and Energy >>> DRHP date 06-Aug-18
10) Muthoot Microfin >>> DRHP date 27-Jul-18
11) PNB Metlife India Insurance Co. >>> DRHP date 27-Jul-18
12) Aakash Educational Services >>> DRHP date 19-Jul-18
13) Affle India >>> DRHP date 16-Jul-18
14) Ami Organics >>> DRHP date 11-Jul-18
15) Milltec Machinery >>> DRHP date 02-Jul-18
16) Chalet Hotels >>> DRHP date 02-Jul-18
17) Indiamart Intermesh >>> DRHP date 29-Jun-18
18) Bharat Hotels >>> DRHP date 29-Jun-18
19) Puranik Builders >>> DRHP date 27-Jun-18
20) Penver Products >>> DRHP date 26-Jun-18
21) Spandana Spoorthy Financial >>> DRHP date 26-Jun-18
22) Aavas Financiers >>> DRHP date 21-Jun-18
23) Anmol Industries >>> DRHP date 20-Jun-18
24) Vectus Industries >>> DRHP date 18-Jun-18
25) Avana Logistek >>> DRHP date 15-Jun-18
26) Hinduja Leyland Finance >>> DRHP date 14-Jun-18
27) Century Metal Recycling >>> DRHP date 11-Jun-18
28) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17
29) Srei Equipment Finance >>> DRHP date 28-Nov-17

B) SEBI Approval *Received* *(within the past 4 months)*:

1)Craftsman Automation >>> SEBI Approval 24-Aug-18
2) Route Mobile >>> SEBI Approval 16-Aug-18
3) Mazagon Dock Shipbuilders >>> SEBI Approval 10-Aug-18
4) SembCorp Energy India >>> SEBI Approval 01-Aug-18
5) Montecarlo >>> SEBI Approval 31-Jul-18
6) Crystal Crop Protection >>> SEBI Approval 27-Jul-18
7) ReNew Power >>> SEBI Approval 18-Jul-18
8) PN Gadgil & Sons >>> SEBI Approval 13-Jul-18
9) IRCON International >>> SEBI Approval 12-Jul-18
10) G R Infraprojects >>> SEBI Approval 11-Jul-18
11) K P R Agrochem >>> SEBI Approval 10-Jul-18
12) Lodha Developers >>> SEBI Approval 06-Jul-18
13) Dinesh Engineers >>> SEBI Approval 06-Jul-18
14) Shakun Polymers >>> SEBI Approval 05-Jul-18
15) Flemingo Travel Retail >>> SEBI Approval 29-Jun-18
16) Nekkanti Sea Foods >>> SEBI Approval 22-Jun-18
17) Atria Convergence Technologies >>> SEBI Approval 15-Jun-18
18) Sandhya Marines >>> SEBI Approval 12-Jun-18
19) Genius Consultants >>> SEBI Approval 04-Jun-18
20) Garden Reach Shipbuilders & Engineers >>> SEBI Approval 22-May-18
21) Rail Vikas Nigam >>> SEBI Approval 17-May-18
22) Devi Seafoods >>> SEBI Approval 11-May-18

C) SEBI Approval *Received* *(>4 months ago)*:

23) John Energy >>> SEBI Approval 27-Apr-18
24) Nazara Technologies >>> SEBI Approval 20-Apr-18
25) Capricorn Food Products India >>> SEBI Approval 12-Apr-18
26) Krishna Institute of Medical Sciences >>> SEBI Approval 07-Mar-18
27) Patel Infrastructure >>> SEBI Approval 05-Mar-18
28) Indian Renewable Energy Development Agency >>> SEBI Approval 16-Feb-18
29) Barbeque-Nation Hospitality >>> SEBI Approval 05-Jan-18
30) Acme Solar Holdings >>> SEBI Approval 15-Dec-17
31) CMS Info Systems >>> SEBI Approval 30-Nov-17
32) Reliance General Ins. Co. >>> SEBI Approval 29-Nov-17
33) Seven Islands Shipping >>> SEBI Approval 10-Nov-17
34) Prince Pipes and Fittings >>> SEBI Approval 03-Nov-17
35) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17
avatar
502.1. Planet M  Aug 27, 2018 21:16 I Like It. 1 | Report Abuse
Thank Ankur Sir for the details...when is lodha ipo coming?
avatar
502.2. AnkurGoel  Aug 28, 2018 14:20 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
@PlanetM, I do not know about Lodha but Spandana Spoorthy Financial & Aavas will land to primarty market within 2-3 weeks.
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501. ipobull  Aug 28, 2018 12:32 I Like It. 1 | Report Abuse
Accumulate Credit Access at around 400 levels to some extent as it is going the Varroc way, consolidation at sub- IPO levels. Varroc is 3rd largest in its field of operations and Credit is also 3rd largest in its. Varroc touched 1145 today against its ipo price of 967. I kept full quota of 195 in all of my accounts & reaping the benefits. You can buy Credit with a stop loss of 395 or if you are more conservative, keep stop loss at 384.
avatar
500. P M  Aug 23, 2018 22:14 I Like It. 6 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Listing Day Trading

------------- Open ------ High ------- Low ------ Close ----- Traded Qty ----- Deliverable ----- %age
BSE ------ 385.00 ---- 423.30 ---- 385.00 --- 420.80 ------ 19,83,509 ------- 7,36,053 ------ 37.10%
NSE ------ 390.00 ---- 426.90 ---- 385.00 --- 422.05 ---- 1,16,00,387 ----- 36,21,075 ----- 31.22%

Total ------------------------------------------------------------ 1,35,83,896 ----- 43,57,128 ------ 32.07%

Approx. Allocation to NII & RII ------ 1.2 Cr
Total Delivarable Qty ---------------- 43,57,128 (around 36% as per allocation)

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500.2. Dvijen  Aug 24, 2018 17:40 I Like It. 1 | Report Abuse
L&T me accetation ratio kitna he retail me? Buy karna chahiye?
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500.3. Planet M  Aug 27, 2018 21:26 I Like It. 6 | Report Abuse
Dvijen ji, L &T ka acceptance ratio 15 to 20% rahne ki sambhavna hai....yeh TCS nahi hai....isme retail bahut adhik matra mein hai...lagbhag 20 lac....dhanyawaad bhai.....
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499. AnkurGoel  Aug 27, 2018 17:27 I Like It. 3 | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Studds Accessories, manufacturer of helmets and two-wheeler accessories, has filed draft papers with capital markets regulator Sebi to float an initial share-sale.

The initial public offer (IPO) comprises fresh issuance of shares worth Rs 98 crore besides an offer for sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other existing shareholders, according to the draft papers.

Proceeds of the issue will be used to part-finance the motorcycle helmet and accessories as well as bicycle helmet manufacturing facilities in Faridabad and for general corporate purposes.

Further, the company believes that listing of the equity shares will enhance its visibility and brand image among existing and potential customers.
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499.1. Planet M  Aug 27, 2018 21:19 I Like It. 2 | Report Abuse
Seems like a good company....hope valuation is good enough?
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498. IPOANALYSIS  Aug 27, 2018 16:34 I Like It. 3 | Report Abuse
Dear Chittorgarh team
Please check comments from IThuriop

It is quite clear he is same person CHD,Chemcho from reading below comments.

Please block all these 3 accounts as he is using this language from another accounts to instigate fights.

CHD has suffered huge loss trading in this share and lost lot of money so his frustration is shown with his comments.
Please take action.
avatar
498.1. Monty Tailor  Aug 27, 2018 18:16 I Like It. 2 | Report Abuse
I Agree with it Huriop..!!

Block the IPOANALYSIS..!!
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