INSUBCONTINENT EXCLUSIVE:
CreditAccess Grameen's IPO or initial public offering received moderate response from investors on Day 1
exchange NSE till 5:00 pm showed
That indicated a 25 per cent subscription so far
The CreditAccess Grameen IPO will close on Friday, August 10
( Should you subscribe)The public offer of CreditAccess Grameen, promoted by multinational company CreditAccess Asia NV, is a mix of fresh
issue and an offer for sale of 2,69,48,255 shares
That includes a fresh issue of up to Rs
630 crore and an offer for sale (OFS) up to 11,876,485 shares
With that, the CreditAccess Grameen public offer is estimated at Rs
1,126-1,131 crore.CreditAccess Grameen has set a price range (share price) of Rs
Shares in the CreditAccess Grameen issue are available for subscription in lots of 35.CreditAccess Grameen has said it will utilise the
proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements
customer-centric business model has resulted in high customer retention, according to brokerage HEM Securities, which has a 'subscribe'
