CreditAccess Grameen IPO Review

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CreditAccess Grameen IPO Reviews Summary Table

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Dilip Davde

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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 operations1 2.342 8.164 6.957 1.758 5.55
    Other Income5 491 .279 777 529 65
    Total Income1 7.832 1.434 6.727 9.268 5.21
    Interest Expended7 .251 9.052 8.253 6.543 4.57
    Operating Expense4 .526 .71 2.311 5.391 4.5
    Operating Profits3 .058 .681 6.172 7.333 6.14
    Depreciation / Amortization0 531 922 614 435 17
    Profit before tax and Provisions3 .538 .761 3.562 2.93 0.97
    Provisions and write off5 736 841 .021 8.61 8.12
    Profit before tax2 .87 .921 9.541 4.31 2.86
    Provision for tax8 172 .194 .346 .22
    PAT1 .634 .738 .248 .31 4.64
    EPS (Rs)1 163 45 815 68 69
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