CreditAccess Grameen IPO Review

Read the exclusive Reviews & Recommendations on CreditAccess Grameen IPO by Market Experts

CreditAccess Grameen IPO Reviews Summary Table

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
  

  	1 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

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