CreditAccess Grameen IPO

Business description – 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.

Promoters of CreditAccess Grameen – CreditAccess Asia NV

Objects of the issue

• Augmenting its capital base

• Creditaccess Grameen Analyst Recommendations: Good Fundamentals But Upside Capped

• CreditAccess Grameen IPO Review: Microfinance served at rich valuations 

• CreditAccess Grameen files IPO papers, here is what you should know

CreditAccess Grameen Contact Details

CreditAccess Grameen Limited 
New No. 49 (Old No. 725)
46th Cross, 8th Block, Jayanagar
Bangalore 560 071

Phone: +91 80 2263 7300
Fax: +91 80 2664 3433
Email: [email protected]
Website: www.grameenkoota.org

Registrar of CreditAccess Grameen IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax: +91 40 2343 1551 
Email: [email protected]
Website: www.karvycomputershare.com

Valuation of CreditAccess Gramin (FY2018)

Earnings Per Share (EPS): INR12.11

Price/Earnings (P/E) ratio: 34.51 – 34.84

Return on Net Worth (RONW): 8.73%

Net Asset Value (NAV): INR111.12 per share

CreditAccess Grameen IPO Subscription Details

CreditAccess Grameen IPO Allotment Status

CreditAccess Grameen IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing Performance of CreditAccess Grameen

IPO Opening Date: 8 August 2018

IPO Closing Date: 10 August 2018

Finalisation of Basis of Allotment: 16 August 2018

Initiation of refunds: 20 August 2018

Transfer of shares to demat accounts: 21 August 2018

Listing Date: 23 August 2018

Listing Price on BSE: INR385 per share (down 8.76% from IPO price)

Closing Price on NSE: INR422.05 per share (up 0.01% from IPO price)