Credit Access Grameen Limited IPO Details

CreditAccess Grameen Limited was Established as Sanni Collection Private Limited (“SCPL”) on June 12, 1991 at Calcutta, West Bengal, India as a private limited company under the Companies Act, 1956. In February 2007, the entire shareholding of SCPL was acquired by certain trustees of T. Muniswamappa Trust (“TMT”), a public charitable trust engaged in the business of providing micro loans in Karnataka. At the time of the acquisition, SCPL also held a certificate of registration as a non-deposit taking NBFC dated March 30, 1998. Subsequently, in October 2007, the microfinance business being operated under TMT (including all associated assets, liabilities, goodwill, receivables, loan assets, intellectual property and the brand name “Grameen Koota”) was transferred to SCPL. 

Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at the EGM held on November 27, 2017 and the name of our Company was changed to Grameen Koota Financial Services Limited (“GFSL”).

Credit Access Grameen Limited IPO Details
Issue Open	08-08-2018
Issue Close	10-08-2018
Allotment Date	16-08-2018
Unblocked Amount	17-08-2018
Listing Date	20-08-2018
Issue Size	1,02,81,317 Total Equity Share - Fresh Issue Equity Share - OFS Equity Share
Issue Size	₹ 1131.19 Cr Total ₹ - Cr Fresh ₹ - Cr OFS
IPO Price Band	₹ 418 - ₹ 422
Minimum Share Bid	35
Minimum Investment Amount [₹]	₹ 14,770
Face Value	₹ 10
Qualified Institutional Buyer [QIB]	50%
High Networth Individual [HNI]	15%
Retail Individual Investor [RII]	35%
Listing On	BSE NSE

Credit Access Grameen Limited IPO Gray Market Value
Latest Update	13-08-2018 : 09:00 AM
Kostak Price [As Per Market View]	-
Premium [Per Share] [As Per Market View]	05-10
Expected Listing Gain [Subject to Sauda]	-

Credit Access Grameen Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	89.23	81.70	7.9
FY-2014	147.82	123.02	16.6
FY-2015	281.42	206.51	48.73
FY-2016	466.71	337.17	83.24
FY-2017	709.26	584.96	80.29
Sept-2017	385.50	290.87	60.72
-	-	-	-

Credit Access Grameen Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 10.33
Price/Earnings [P/E] Ratio	41.47
Return on Net Worth [RoNW]	14.02 %
Net Asset Value [NAV]	₹ 80.58 Per Share

Credit Access Grameen Limited IPO Subscription Details
As on Date	QIB	NII	RII	Total
Shared Offred	53,55,555	40,42,239	94,31,890	1,88,29,684
Day-1 [08-08-2018]	36,74,195 [0.69]	25,760 [0.00]	10,83,250 [0.11]	47,83,205 [0.26]
Day-2 [09-08-2018]	42,47,845 [0.79]	81,585 [0.02]	26,56,990 [0.28]	69,86,420 [0.37]
Day-3 [10-08-2018]	2,95,77,065 [5.52]	39,44,395 [0.97]	1,42,87,560 [1.51]	4,78,09,020 [2.53]

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Credit Access Grameen Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral

Credit Access Grameen Limited IPO Contact Details
Credit Access Grameen Limited New No. 49 (Old No. 725), 46th Cross, 8th Block, Jayanagar, Next to Rajalakshmi Kalyan Mantap, Bangalore 560 071, Karnataka, India Tel: +91 80 2263 7300 Fax: +91 80 2664 3433 E-mail: csinvestors@grameenkoota.org Website: www.grameenkoota.org

Registrar of CreditAccess Grameen Limited IPO
Karvy Computershare Private Limited Karvy Selenium, Tower B Plot 31-32, Gachibowli Financial District, Nanakramguda Hyderabad 500 032 Tel: +91 40 6716 2222 Fax: +91 40 2343 1551 E-mail: einward.ris@karvy.com Investor grievance E-mail: cgl.ipo@karvy.com Website: http:// karisma.karvy.com Contact Person: M. Murali Krishna SEBI Registration No.: INR000000221

Lead Managers of CreditAccess Grameen Limited IPO

ICICI Securities Limited ICICI Centre H.T. Parekh Marg Churchgate, Mumbai 400 020 Maharashtra, India Tel : +91 22 2288 2460 Fax : +91 22 2282 6580 E-mail: cagrameen.ipo@icicisecurities.com Investor grievance E-mail:- customercare@icicisecurities.com Website: www.icicisecurities.com Contact Person: Shekhar Asnani/ Anurag Byas/Vishal Kanjani SEBI Registration No.: INM000011179 Credit Suisse Securities (India) Private Limited Ceejay House, 9th Floor Plot F, Shivsagar Estate Dr. Annie Besant Road Worli, Mumbai 400 018 Maharashtra, India Tel: +91 22 6777 3885 Fax: +91 22 6777 3820 E-mail:list.grameenkootaipo@creditsuisse.com Investor grievance E-mail: list.igcellmerbnkg@credit-suisse.com Website: www.credit-suisse.com Contact Person: Abhay Agarwal SEBI Registration No.: MB/INM000011161 IIFL Holdings Limited 10th Floor, IIFL Centre Kamala City, Senapati Bapat Marg Lower Parel (West),  Mumbai 400013 Maharashtra, India Tel: +91 22 4646 4600 Fax: +91 22 2493 1073 E-mail: cagr.ipo@iiflcap.com Investor grievance E-mail:- ig.ib@iiflcap.com Website: www.iiflcap.com Contact Person: Vishal Bangard / Pranay Doshi SEBI Registration No: - INM000010940 Kotak Mahindra Capital Company Limited 1st Floor, 27 BKC, Plot No. 27 “G” Block, Bandra Kurla Complex Bandra (East), Mumbai 400 051 Maharashtra, India Tel: +91 22 4336 0000 Fax: +91 22 6713 2447 E-mail: cagl.ipo@kotak.com Investor grievance E-mail: kmccredressal@kotak.com Website: www.investmentbank.kotak.com Contact Person: Ganesh Rane SEBI Registration No.: INM000008704