A Bangalore based CreditAccess Grameen company is going to launch an IPO on August 8 to raise a fund of INR 1,131 crore. The price band is fixed INR 418 – 422 per equity share. The off will end on Aug 10.

Let’s have a look at the CreditAccess Gramin IPO Details:

IPO Open: Aug 8 – Aug 10, 2018

IPO Size: 26,805,294 equity shares

Issue Type: Book Built Issue IPO

Issue Price: INR 418 – INR 422 per equity share

Minimum Order Quantity: 35 Shares

Listing At: BSE & NSE

The net proceeds will be utilized towards the augmenting the capital base to meet the future requirements. The Company Promoters are CreditAccess Asia N.V.

About the CreditAccess Grameen:

CreditAccess Grameen Limited is Bangalore based company engaged in offering micro-loans to Women in the rural areas in the country. As of Mar 31, 2017, this company is the third largest NBFC-MFI in gross loan portfolio in India. Since 1991, this company has been delivering quality loan services in backward areas for women.