CreditAccess Grameen Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 26,805,394* equity shares of face value of Rs. 10 each ("equity shares") of CreditAccess Grameen Limited ("company" or "issuer") for cash at a price of Rs. 422.00 per equity share (including a share premium of Rs. 412 per equity share) aggregating to Rs. 1131.19 Crores* ("offer") comprising a fresh issue of 14,928,909* equity shares aggregating to Rs. 630 Crores by the company ("fresh issue") and an offer for sale of 11,876,485* equity shares by the promoter, CreditAccess Asia n.v. ("promoter selling shareholder" and such offered shares, the "offered shares") aggregating to Rs. 501.19 Crores* ("offer for sale"). The offer constitutes 18.70%* of the post-offer paid-up equity share capital. The face value of equity shares is Rs. 10 each and the offer price is Rs. 422.00 and is 42.20 times the face value of the equity shares. * subject to finalisation of the basis of allotment
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company's operations are concentrated in Karnataka and Maharashtra and any adverse developments in these states could have an adverse effect on its business, results of operations, financial condition and cash flows
- Microfinance loans are unsecured and are susceptible to various operational and credit risks which may result in increased levels of NPAs, thereby adversely affecting its business, results of operation and financial condition.
- An increase in Company's portfolio of non-performing assets and/ or its provisions may materially and adversely affect its business and results of operations
- If Company is unable to manage its growth effectively, its financial, accounting, administrative, operational and technology infrastructure, as well as its business and reputation could be adversely affected.
- The past performance and growth of its business is not indicative of its future performance and growth