CreditAccess Grameen IPO to open on Wednesday, Aug 08

The price band for the offer has been set between Rs418-422 per equity share.

Aug 07, 2018 12:08 IST India Infoline News Service

Initial Public Offer, IPO
CreditAccess Grameen Ltd proposes to open an initial public offering (IPO) on Wednesday, August 08. The IPO is for issuance of equity shares of face value of Rs10 each (equity shares) for cash at a price per equity share (including a share premium) (offer) aggregating up to Rs630cr (fresh issue) and an offer for sale of up to 11,876,485 equity shares by the promoter CreditAccess Asia NV. 

The bid/offer period closes on August 10, 2018.

The price band for the offer has been set between Rs418-422 per equity share. Bids can be made for a minimum lot of 35 equity shares and in multiples of thereafter.

The equity shares are proposed to be listed on BSE and NSE.

The Book Running Lead Managers (BRLMs) to the offer are ICICI Securities, Credit Suisse Securities (India), IIFL Holdings, and Kotak Mahindra Capital Company.


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