CreditAccess Grameen Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
CreditAccess Grameen Limited is leading Indian micro-finance institution head office situated at Bangalore, it primarily provides micro-loans to women customers mostly in Rural Areas in India. According to CRISIL Research, it is the third largest NBFC-MFI gross loan provider in India as of 31st March 2017.
Date of Establishment: CreditAccess Grameen Limited was incorporated as Sanni Collection Private Limited on 12th of June 1991, as a private limited company by Registrar of Companies at Bangalore. Subsequently, the company was converted to public limited company renamed to ‘CreditAccess Grameen Limited’ on 12th January 2018 under Companies Act 1956 by Registrar of Companies, Bangalore. Thereafter RBI granted a fresh certificate of registration dated January 19, 2018, bearing registration number B – 02.00252 for registration as an NBFC under Section 45 IA of the Reserve Bank of India Act, 1934.
Promoters of CreditAccess Grameen Limited: CreditAccess Asia N.V. is the sole promoter of CreditAccess Grameen Limited.
Products and Services Offering: CreditAccess Grameen Limited is the leading micro-finance institution which provides micro-loans to women customers primarily in Rural Areas in India. Its wide range of lending products addresses the critical needs of Customers throughout their life cycle. The products offering is further divided into several Categories of Income Generation Products, Family Welfare Products, Home Improvement Products, Emergency Loan Product, Individual Retail Finance Loan Products, Micro Insurance Products and Pension Products loans.
Customer Segments: CreditAccess Grameen Limited has active diversified customer base across the states of Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu and Chhattisgarh.
Objectives of CreditAccess Grameen Limited IPO: The objects of CreditAccess Grameen Limited includes Offer for Sale and Fresh Issue :
- Offer for Sale by existing selling stakeholders.
- Utilise the Net Proceeds from the Fresh Issue towards augmenting its capital base to meet future capital requirements.
- To undertake its existing activities and the activities for which funds are being raised by through the Fresh Issue.
Note Company will not receive any proceeds from the Offer for Sale.
For the year/period ended (in Rs. Millions)
Profit After Tax
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)