CreditAccess Grameen IPO
CreditAccess Grameen IPO — date, price band, lot size & details 2018
CreditAccess Grameen listed on 23 Aug 2018 at ₹390, 7.6% below the ₹422 issue price.
CreditAccess Grameen is a Bengaluru based NBFC-MFI giving income generating micro loans to women in rural India. Its total income was Rs 875.21 crore in FY2018.
Stock price
CreditAccess Grameen is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 08 Aug 2018
- Close 10 Aug 2018
- Allotment 16 Aug 2018
- Refund/credit 20 Aug 2018
- Listing 23 Aug 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 10 Aug, 2018 |
|---|---|
| Price Band | ₹418 – ₹422 |
| Face Value | ₹10 |
| Lot Size | 35 Shares |
| Issue Size | ₹1131.19 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,770 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 35 shares at the ₹422 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 35 | ₹14,770 |
| Retail (max) | 13 | 455 | ₹1,92,010 |
| S-HNI (min) | 14 | 490 | ₹2,06,780 |
| S-HNI (max) | 67 | 2,345 | ₹9,89,590 |
| B-HNI (min) | 68 | 2,380 | ₹10,04,360 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 466.72 crore in FY2016 to Rs 875.21 crore in FY2018.
- 02Profit after tax rose from Rs 80.30 crore in FY2017 to Rs 124.64 crore in FY2018.
- 03Net worth rose from Rs 459.24 crore in FY2016 to Rs 1,427.08 crore in FY2018.
- 04Rs 602.60 crore of the issue was to augment its capital base.
Risks · 5
- 01Total borrowing rose from Rs 2,233.32 crore in FY2016 to Rs 3,602.86 crore in FY2018.
- 02Profit after tax dipped from Rs 83.24 crore in FY2016 to Rs 80.30 crore in FY2017.
- 03Microfinance loans are unsecured and exposed to local shocks and loan waivers; total assets were Rs 5,218.35 crore.
- 04Rs 501.19 crore of the issue went to selling shareholders.
- 05The promoter held 98.88% before the issue and 80.30% after it.
Three years of numbers
All figures in ₹ crore, as reported in the CreditAccess Grameen offer document.
| Metric | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 5,218.35 | 3,564.07 | 2,807.98 |
| Total Income | 875.21 | 709.26 | 466.72 |
| Profit After Tax | 124.64 | 80.30 | 83.24 |
| NET Worth | 1,427.08 | 690.41 | 459.24 |
| Reserves and Surplus | 1,299.46 | 605.12 | 386.92 |
| Total Borrowing | 3,602.86 | 2,668.24 | 2,233.32 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹602.60 Cr of the issue is earmarked to named objects.
About the company
According to CRISIL Research, as of 31 March 2017 it was the third largest NBFC-MFI in India by gross loan portfolio.
It mainly gives income generating loans to women with low household incomes in rural areas.
The IPO was Rs 1,131.19 crore, with Rs 630.00 crore of fresh issue and Rs 501.19 crore of offer for sale, at Rs 422, the top of the Rs 418 to Rs 422 band. The fresh money was to augment its capital base.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
CreditAccess Grameen IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
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Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of CreditAccess Grameen?
The current Grey Market Premium is ₹4.5, or 1% over the issue price.
What is the CreditAccess Grameen IPO price band?
₹418 to ₹422, on a face value of ₹10.
When is the allotment?
The basis of allotment is 16 August 2018, with listing on 23 August 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
