CreditAccess Grameen IPO Review
Read the exclusive Reviews & Recommendations on CreditAccess Grameen IPO by Market Experts
CreditAccess Grameen IPO Reviews Summary Table
CreditAccess Review by | Reviewer Type | Recommendations |
Dilip Davde | Individual | Subscribe for Long Term |
Capital Market | Company | May subscribe(47/100) |
Company Overview:
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
Issue Detail :
Following are the IPO Key details of RITES Limited IPO:
The IPO opens on 8th Aug 2018
The IPO closes on 10th Aug 2018
Price Band: Rs 418 - Rs 422 Per Equity Share
Issue Size : Rs 1,131.19 Cr
No of Shares on Offer: 2.68 Crore Shares
Bid Lot:35 Shares
Face Value : Rs 10 per equity share
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.
CreditAccess Grameen : Financials
For such more IPO news and updates visit Samco IPO1 03 (12) 1 03 (12) 1 03 (12) 1 03 (12) 1 03 (12) Income from operations 1 2.34 2 8.16 4 6.95 7 1.75 8 5.55 Other Income 5 49 1 .27 9 77 7 52 9 65 Total Income 1 7.83 2 1.43 4 6.72 7 9.26 8 5.21 Interest Expended 7 .25 1 9.05 2 8.25 3 6.54 3 4.57 Operating Expense 4 .52 6 .7 1 2.31 1 5.39 1 4.5 Operating Profits 3 .05 8 .68 1 6.17 2 7.33 3 6.14 Depreciation / Amortization 0 53 1 92 2 61 4 43 5 17 Profit before tax and Provisions 3 .53 8 .76 1 3.56 2 2.9 3 0.97 Provisions and write off 5 73 6 84 1 .02 1 8.6 1 8.12 Profit before tax 2 .8 7 .92 1 9.54 1 4.3 1 2.86 Provision for tax 8 17 2 .19 4 .3 4 6 .22 PAT 1 .63 4 .73 8 .24 8 .3 1 4.64 EPS (Rs) 1 16 3 4 5 81 5 6 8 69