IPO

CreditAccess Grameen Limited IPO

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Offer Date: Aug 8, 2018 - Aug 10, 2018

₹ 14770 /35 Shares

08 Aug, 2018

Open Date

10 Aug, 2018

Close Date

20 Aug, 2018

Allotment Date

23 Aug, 2018

Listing Date
IPO Issue Details
  • Issue Price Rs 418 - Rs 422 per Equity Share
  • Face Value Rs 10 Per Equity Share 
  • Issue Price Total 2,68,05,395 Equity Shares of Rs 10 with aggregating up to Rs 1131.19 Cr# Fresh Issue of 1,49,28,910 Equity Shares of Rs 10 aggregating up to Rs 630.00 Cr # Offer for Sale of 1,18,76,485 Equity Shares of Rs 10 aggregating up to Rs 501.19 Cr
  • Listing at NSE, BSE ( B - Group )
  • Lead Manager ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited and Kotak Mahindra Capital Company Limited
  • Registrar Karvy Computershare Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹418 - 422 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Aug 8, 2018 and ends on Aug 10, 2018. The allotment for IPO will be finalized on Aug 20, 2018. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Aug 23, 2018. The company shall list its equity shares on the NSE, BSE ( B - Group ). Karvy Computershare Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited and Kotak Mahindra Capital Company Limited.


The IPO sets its price band at 418 - 422 for each share. A single application for CreditAccess Grameen Limited IPO must contain at least 35 shares.

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IPO Subscription Analysis And Details
As on QIB NII Retail Total
Shares Offered / Reserved 53,55,555 40,42,239 94,31,890 1,88,29,684
Day 1 08-08-18
36,74,195 0.69 x 25,760 0.00 10,83,250 0.11 x 47,83,205 0.26 x
Day 2 09-08-18
42,47,845 0.79 x 81,585 0.02 26,56,990 0.28 x 69,56,990 0.37 x
Day 3 10-08-18
2,95,77,065 5.52 x 39,44,395 0.97 82,62,275 0.88 x 4,17,83,735 2.22 x
Day 4 21-03-18
N/A x N/A x N/A x
Valuations
Earnings Per Share (EPS) Rs 8.69
P/E Ratio 48.56
RoNW 8.73%
Net Asset Value (NAV) - As on 31.12.17 Rs 111.12
IPO - Issue Objectives
1

Offer for Sale(a) To carry out the disinvestment of Equity Shares by the Selling Shareholder in the company. (b) To achieve the benefits of listing the Equity Shares on the Stock Exchanges.

2

Fresh Issue(a) Augmenting its capital base to meet future capital requirements.(b) General corporate purposes.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
CreditAccess Grameen Limited 3.80 48.56 8.73% 875.21
Bharat Financial Inclusion Limited 5.65 26.71 21.16% 1917.23
Satin Creditcare Network Limited 1.48 396.77 0.37% 1030.90
Au Small Finance Bank Limited 8.14 63.09 12.90% 1767.19
Ujjivan Financial Services Limited 2.61 631.08 0.41% 1443.36
Shriram Trasport Finance Co. Ltd 2.49 19.74 12.63% 12,277.17
Equitas Holdings Limited 2.10 152.52 1.38% 1786.01
Mahindra & Mahindra FinancialServices Limited 3.19 31.94 10.00% 8533.15