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 Rs 49,746.61 million as of March 31, 2018.

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

The net interest income was Rs 2,487.04 million, Rs 3,852.04 million and Rs 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

IPO Opening DateAug 8, 2018
IPO Closing DateAug 10, 2018
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹418 to ₹422 per equity share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, NSE
Issue Size26,805,394 Eq Shares of ₹10
(aggregating up to ₹1,131.19 Cr)

CreditAccess Grameen IPO Tentative Timetable

The CreditAccess Grameen IPO open date is Aug 8, 2018, and the close date is Aug 10, 2018. The issue may list on Aug 23, 2018.

IPO Open DateAug 8, 2018
IPO Close DateAug 10, 2018
Basis of Allotment DateAug 16, 2018
Initiation of RefundsAug 20, 2018
Credit of Shares to Demat AccountAug 21, 2018
IPO Listing DateAug 23, 2018

CreditAccess Grameen IPO Lot Size

The CreditAccess Grameen IPO market lot size is 35 shares. A retail-individual investor can apply for up to 13 lots (455 shares or ₹192,010).

ApplicationLotsSharesAmount (Cut-off)
Minimum135₹14,770
Maximum13455₹192,010

CreditAccess Grameen IPO Subscription Status (Bidding Detail)

The CreditAccess Grameen IPO is subscribed 2.22x times on Aug 10, 2018 18:29. The public issue subscribed 0.87x in the retail category, 5.52x in the QIB category, and 0.98x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

5.52x

NII

0.98x

RII

0.87x

Total

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 DateThursday, August 23, 2018
BSE Script Code541770
NSE SymbolCREDITACC
Listing InB Group of Securities
ISININE741K01010
IPO Price₹422 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

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

CreditAccess Grameen IPO Reviews / Ratings

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
Email: csinvestors@grameenkoota.org
Website: http://www.grameenkoota.org/

CreditAccess Grameen IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: cgl.ipo@karvy.com
Website: https://karisma.kfintech.com/

CreditAccess Grameen IPO FAQs

  1. What is CreditAccess Grameen IPO?

    CreditAccess Grameen IPO is a main-board IPO of 26,805,394 equity shares of the face value of ₹10 aggregating up to ₹1,131.19 Crores. The issue is priced at ₹418 to ₹422 per equity share. The minimum order quantity is 35 Shares.

    The IPO opens on Aug 8, 2018, and closes on Aug 10, 2018.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When CreditAccess Grameen IPO will open?

    The CreditAccess Grameen IPO opens on Aug 8, 2018 and closes on Aug 10, 2018.

  3. What is the lot size of CreditAccess Grameen IPO?

    CreditAccess Grameen IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

  4. How to apply for CreditAccess Grameen IPO?

    You can apply in CreditAccess Grameen IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When CreditAccess Grameen IPO allotment?

    The finalization of Basis of Allotment for CreditAccess Grameen IPO will be done on Aug 16, 2018, and the allotted shares will be credited to your demat account by Aug 21, 2018. Check the CreditAccess Grameen IPO allotment status.

  6. When is CreditAccess Grameen IPO listing date?

    The CreditAccess Grameen IPO listing date is on Thursday, August 23, 2018.

CreditAccess Grameen IPO Message Board

Ranked Members  Ranked Members

Loading...
517. Milan Parekh |Oct 19, 2018 15:40
niche se buy karo
517.1. Symon |Oct 23, 2018 09:36
Niche se buy karte karte niche hi ja raha he no hope
516. Symon |Oct 18, 2018 16:13
Milanbhai buy karne se jyada niche chala jayega
515. K Arun |Sep 25, 2018 16:14
TCS acceptance ratio was 100%.& got money today in my 3 accounts
514. Yash parakh |Sep 24, 2018 11:32
I have credit access share at Rs 415 of 100 share what to do...
513. Led |Sep 22, 2018 09:11
Kya creditaccess wapas recover hoga sir ji
512. Symon |Sep 9, 2018 17:41
Milan bhai ye issue price aa jaye to bhi bohat hay
512.1. Milan Parekh |Oct 17, 2018 13:02
Hold till Diwali
Buy on dips
511. Milan Parekh |Sep 7, 2018 11:24
CAG hold till Diwali, it will come @ Rs.750
511.1. ipo share |Sep 8, 2018 15:41
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@ Milan Parekh.
Good joke.
Haan, diwali pe diwala zaroor nikal jayega agar is bomb ko hold kiya to.
511.2. jagdish |Sep 9, 2018 11:02
FOR 2 SHARES RS. 750
510. SMELOVER |Sep 5, 2018 16:54
sell credit.
it will reach 250 rs in 3-4 months

short sell ke liye acha stock hai
509. YASH GODHVANI |Sep 5, 2018 15:25
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.
508. P M |Sep 1, 2018 17:18
IPO Guru IPO Guru (1100+ Posts, 1100+ 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
508.5. DownriteVJ |Sep 24, 2018 13:26
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Still holding - 2170
508.6. Addy A |Sep 24, 2018 13:41
Any guess about L&T buyback acceptable ratio?
Thank you in advance
507. SMELOVER |Sep 3, 2018 11:41
Short sell to make good money

Another candidate after DLF to short sell

will reach around 250 price in few months
506. tnk |Aug 31, 2018 16:34
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.
505. smallTimeInvestor |Aug 28, 2018 22:58
Is it right time to enter? Or wait for more downfall?
505.1. CHD |Aug 29, 2018 09:45
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Start accumalating gradually ...
505.2. SMELOVER |Aug 31, 2018 10:45
CHD tum hi kharid raho ho laghta hai

everyone else is selling

300 se neeche aa jayega yeh
504. kiah |Aug 23, 2018 17:13
Experts any advice on Indostar?
Waiting for reply
Thanks
504.1. ipobull |Aug 28, 2018 15:48
Its going downhill. Keep stop loss at 432 & exit if it touches it. Its Q1-FY19 results were not great.
503. IPOANALYSIS |Aug 24, 2018 12:37
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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
503.3. PavanM |Aug 28, 2018 14:46
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.
503.4. kiah |Aug 28, 2018 15:18
Any suggestions for indostar till Diwali
502. AnkurGoel |Aug 27, 2018 17:22
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
502.1. Planet M |Aug 27, 2018 21:16
Thank Ankur Sir for the details...when is lodha ipo coming?
502.2. AnkurGoel |Aug 28, 2018 14:20
@PlanetM, I do not know about Lodha but Spandana Spoorthy Financial & Aavas will land to primarty market within 2-3 weeks.
501. ipobull |Aug 28, 2018 12:32
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.
500. P M |Aug 23, 2018 22:14
IPO Guru IPO Guru (1100+ Posts, 1100+ 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)

500.2. Dvijen |Aug 24, 2018 17:40
L&T me accetation ratio kitna he retail me? Buy karna chahiye?
500.3. Planet M |Aug 27, 2018 21:26
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.....
499. AnkurGoel |Aug 27, 2018 17:27
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.
499.1. Planet M |Aug 27, 2018 21:19
Seems like a good company....hope valuation is good enough?
498. IPOANALYSIS |Aug 27, 2018 16:34
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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.
498.1. Monty Tailor |Aug 27, 2018 18:16
I Agree with it Huriop..!!

Block the IPOANALYSIS..!!







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App