#CreditAccess Grameen Ltd IPO Subscription

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CreditAccess Grameen Limited NCD IPO 2023

CreditAccess Grameen Limited, headquartered in Bengaluru, stands as a prominent Indian micro-finance institution. According to MFIN India, this company holds the distinction of being India’s largest NBFC-MFI concerning the gross loan portfolio as of March 2023.

The foundation of the company’s success lies in its customer-centric approach, a diverse array of product offerings, and a finely tuned product delivery and collection framework. This synergy has led to the achievement of commendable customer retention rates and minimal credit costs.

A core aspect of CreditAccess Grameen Limited’s operations revolves around catering to the needs of customers residing in rural pockets of India. These regions are often underserved by the formal banking sector, thereby presenting an untapped potential for providing micro-loans.

As of June 30, 2023, the company has established its presence across 353 districts in 14 states (namely Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu, Kerala, Odisha, Chhattisgarh, Goa, Bihar, Jharkhand, Gujarat, Rajasthan, Uttar Pradesh, and West Bengal) and one union territory (Puducherry) in India. This expansive network comprises 1,826 branches and a dedicated workforce of 17,391 employees. Notably, the company caters to an active consolidated customer base of 44.2 lakhs, as of June 30, 2023.

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CreditAccess Grameen IPO Final Day Subscription Figures

CreditAccess Grameen IPO Final Day Subscription Figures

CreditAccess Grameen IPO Final Day Subscription Figures (CAGL IPO Subscription Figures):

CreditAccess Grameen Ltd IPO (CAGL IPO) subscription has closed on 10th August 2018. CreditAccess Grameen IPO final day subscription figures does looks very much average considering the size of the issue. In fact CreditAccess Grameen IPO has got subscribed by just 2.22 times on final day.

After Second Day…

[eqtmonline03-blog]

Indian Indices Trade Marginally Higher; Healthcare Stocks Witness Buying

Share markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the capital goods sector and healthcare sector witnessing maximum buying interest.

The BSE Sensex is trading up by 53 points (up 0.1%), while the NSE Nifty is trading up by 4 points (up 0.04%). The BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is trading down by 0.2%.

The rupee is trading at 70.10 to the US$.

In the news from finance space, HDFC Asset Management Company share price is witnessing buying interest today as the mutual fund house reported a 25% year-on-year (YoY) rise in net profits for the quarter ended June 2018.

The company had recently concluded its IPO and had received stellar response for the same.

HDFC AMC is the asset management arm of Housing Development Finance Corporation (HDFC Ltd). Promoted by HDFC in 1999, Standard Life Investments (SLI) acquired 26% stake in HDFC AMC in 2001, and now the company operates as a joint venture between HDFC and SLI.

Through organic growth and acquisitions, such as Zurich India and Morgan Stanley MF, the firm has grown to one of the top two AMCs in India. It has around Rs 2.9 trillion of assets under management (AUM), commanding a significant 13.7% market share in the industry. It is also ranked the most profitable AMC in the country since FY13.

Senior management of the firm has been broadly stable with Mr Milind Barve serving as the Managing Director since 2000 and Mr Prashant Jain as Chief Investment Officer since 2004.

To know more about the company, you can read our IPO analysis of HDFC Asset Management Company (AMC) Ltd(requires subscription).

At the time of writing, HDFC AMC share price was trading up by 3.4% on the BSE.

L&T share price is also in focus today as the board of directors today approved the company's first ever proposal of buyback of equity shares.

Speaking of buybacks, the number of buyback offers in 2017-18 were at an all-time high. Never, in the last two decades, had Indian markets seen fifty-nine companies announcing buyback plans.

But what is truly surprising is that unlike in the past, the buybacks this time seem skewed in favour of short term investors rather than long term ones.

At Equitymaster, we believe, as a shareholder in cash rich companies, you should not only be wary of expensive buybacks. But if possible use it to your advantage to rake in some cash.

As per Rahul Shah, co-head of Research, investors should not assume buybacks are always good. Here's an excerpt of what he wrote in one of the editions of The 5 Minute Wrapup:

The reason behind the buyback must be investigated. At the end of the day, an increase in earnings should be more a function of the inherent robustness of the business, as that's what will help it continue to grow at a healthy pace.

The topic also brings us to ask: Do buy-backs offer an arbitrage opportunity for retail investors? Ankit Shah has answered this question in one of the editions of Equitymaster Insider. You can access the issue here (requires subscription).

In the news from initial public offering (IPO) space... Shares of CreditAccess Grameen, which concluded its IPO recently, made a tepid debut on bourses today as the scrip of the company got listed at Rs 385. This represents 8.7% discount to its issue price of Rs 422.

The Rs 11 billion IPO by the microfinance institution ran from August 8 to August 10 and was subscribed over 2 times.

The issue size of this IPO was about 26.8 million shares, which included 11.8 million shares issued by the promoter CreditAccess Asia N.V. and a fresh offer of shares of up to Rs 6.3 billion.

CreditAccess Grameen, a leading microfinance institution in India, is focused on providing micro-loans, especially to the women customers in rural India. The lending products of the company address the financial needs of the customers throughout their lifecycle. This includes income generation, family welfare, home improvements, and loans for emergencies.

The customer segment they mainly focus on is women with an annual household income of Rs 160,000 or less in urban areas and Rs 100,000 or less in rural areas. The company provides loans primarily under the joint liability group (JLG) model.

To know more about the company, you can read our IPO analysis of CreditAccess Grameen Ltd (requires subscription).

Speaking of IPOs, the stock market is gearing up for a burst of IPO activity over the next two months.

Also, according to EY India IPO Readiness Survey Report, globally, Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised US$ 3.9 billion in the first half of this year.

Meanwhile, the amount raised by SME IPOs in 2017 stood at Rs 17.9 bn. This is more than three times the amount raised in 2016. The number of SME IPOs launched also doubled from 66 to 132. This is evident from the chart below:

SME IPO Boom in 2017

So how should one approach to IPOs? We believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

Also, to know how to safely profit from the ongoing IPO rush, download this FREE report now and discover How to Get Rich with IPOs.

This article was originally published in English at www.equitymaster.com

Read the complete Indian stock market update. For the terms of use, go here.

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CreditAccess Grameen IPO Second Day Subscription Figures

CreditAccess Grameen IPO Second Day Subscription Figures

CreditAccess Grameen IPO Second Day Subscription Figures (CAGL IPO Subscription Figures):

CreditAccess Grameen Ltd IPO (CAGL IPO) subscription has started on 08th August 2018. CreditAccess Grameen IPO second day subscription figures does not looks good considering the size of the issue. In fact CreditAccess Grameen IPO has got subscribed by just 0.37 times on day 2 .

After First Day end, CreditAc…

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CreditAccess Grameen IPO First Day Subscription Figures

CreditAccess Grameen IPO First Day Subscription Figures

CreditAccess Grameen IPO First Day Subscription Figures (CAGL IPO Subscription Figures):

CreditAccess Grameen Ltd IPO (CAGL IPO) subscription has started on 08th August 2018. CreditAccess Grameen IPO first day subscription figures does not looks good considering the size of the issue. In fact CreditAccess Grameen IPO has got subscribed by just 0.25 times on day 1 .

After First Day end, CreditAcce…

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How To Check CreditAccess Grameen IPO Allotment Status

How To Check CreditAccess Grameen IPO Allotment Status

How To Check CreditAccess Grameen IPO Allotment Status (CAGL IPO Allotment Status):

As CreditAccess Grameen Ltd (CAGL) IPO bidding has begin from August 08, 2018.  And CreditAccess Grameen IPO subscription figures are expected to be good enough to activate lottery allotment system. Retail investors who will be applying will be interested in knowing their CreditAccess Grameen IPO Allotment Status…

[eqtmonline03-blog]

Nifty Hits Fresh Record High; Sensex Up Over 200 Points

After opening the day marginally higher, stock markets in India witnessed buying interest and went on to scale their record-high levels. Sectoral indices are trading on a positive note with stocks in the energy sector and consumer durables sector witnessing maximum buying interest.

The BSE Sensex is trading up 202 points (up 0.5%). The NSE Nifty hit a new record high of 11,446 and is presently trading up 52 points (up 0.5%). The BSE Mid Cap index is trading up by 0.2%, while the BSE Small Cap index is trading up by 0.6%.

The rupee is trading at 68.64 to the US$.

Speaking of rising markets, In June 2016, when Sensex was trading at around 27,000 mark, Tanushree shared with her subscribers a report on why Sensex could go up to 40,000.... And the four safe stocks that one could count on to create permanent wealth.

Sensex is close to that mark now. But the way Tanushree sees things now, the Sensex is on its way to hit 100,000 mark by the next decade.

That said, she believes it's not going to be a continuous joy ride. In fact, a majority of these gains will be led by stocks outside of the Sensex.

How can regular investors make sure NOT to miss this ride?

So Tanushree created a blueprint of stocks that will create permanent wealth for her subscribers.

If there is one blueprint all investors - especially if you are new to the markets - need for long term success, it is this. Today is the last day the blueprint will be available. See the video here and get 3 stocks you should invest in straight away.

Remember - this closes at midnight tonight. Click here now.

Moving on to the news from global financial markets, the Trump administration today announced that it would impose 25% tariffs on imports of 279 items from China amounting to US$ 16 billion.

The US Trade Representative said that the move is a part of the US' response to China's unfair trade practices related to the forced transfer of American technology and intellectual property.

This is the second tranche of such tariffs and is set to come into effect on August 23.

US had already imposed tariffs on US$ 34 billion worth of goods on July 6 but held off on a final US$ 16 billion in goods as a result of concerns from US companies.

How this trade war pans out remains to be seen. Meanwhile, we will keep you updated from all the developments from this space.

In the news from initial public offering (IPO) space, the IPO of CreditAccess Grameen is set to kick off today. The issue size of this IPO is about 26.8 million shares, which includes 11.8 million shares issued by the promoter CreditAccess Asia N.V. and a fresh offer of shares of up to Rs 6.3 billion.

The price brand for the IPO is in the range of Rs 418 to Rs 422 per share. This makes the CreditAccess Grameen IPO issue size between Rs 11.2 billion and Rs 11.3 billion.

CreditAccess Grameen, a leading microfinance institution in India, is focused on providing micro-loans, especially to the women customers in rural India. The lending products of the company address the financial needs of the customers throughout their lifecycle. This includes income generation, family welfare, home improvements, and loans for emergencies.

The customer segment they mainly focus on is women with an annual household income of Rs 160,000 or less in urban areas and Rs 100,000 or less in rural areas. The company provides loans primarily under the joint liability group (JLG) model.

To know more about the company, you can read our IPO analysis of CreditAccess Grameen Ltd (requires subscription).

Speaking of IPOs, the stock market is gearing up for a burst of IPO activity over the next two months.

Also, according to EY India IPO Readiness Survey Report, globally, Indian exchanges recorded the highest IPO activity as the country saw 90 IPO launches that raised US$ 3.9 billion in the first half of this year.

Meanwhile, the amount raised by SME IPOs in 2017 stood at Rs 17.9 bn. This is more than three times the amount raised in 2016. The number of SME IPOs launched also doubled from 66 to 132. This is evident from the chart below:

SME IPO Boom in 2017

So how should one approach to IPOs? We believe a merit-based selection, primarily including valuation, business, and management quality, is the logical way to go about investing in IPOs. If it means going against the herd, so be it. And going by recent past, this strategy has been proven to be successful more often.

Also, to know how to safely profit from the ongoing IPO rush, download this FREE report now and discover How to Get Rich with IPOs.

This article was originally published in English at www.equitymaster.com

Read the complete Indian stock market update. For the terms of use, go here.

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How To Check CreditAccess Grameen IPO Application Status

How To Check CreditAccess Grameen IPO Application Status

How To Check CreditAccess Grameen IPO Application Status (CAGL IPO Application Status):

As CreditAccess Grameen Ltd (CAGL) IPO bidding will be starting from August 08, 2018.  And final CreditAccess Grameen IPO subscription figures are expected to be good. While those who will be applying will be interested in knowing their CreditAccess Grameen IPO Application Status.

Since some of you might be…

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CreditAccess Grameen IPO Allotment and Listing Dates

CreditAccess Grameen IPO Allotment and Listing Dates

CreditAccess Grameen IPO Allotment and Listing Dates (CAGL IPO Allotment and Listing):

CreditAccess Grameen Ltd (CAGL) IPO bidding is going to start from August 08, 2018. And CreditAccess Grameen IPO subscription figures are expected to be good enough. While those who will be applying will be interested in knowing their CreditAccess Grameen IPO Allotment Date and Status.

Most of you will be…

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CreditAccess Grameen IPO Kostak Rate (CAGL Kostak)

CreditAccess Grameen IPO Kostak Rate (CAGL Kostak)

CreditAccess Grameen IPO Kostak Rate (CAGL Kostak):

Subscription of CreditAccess Grameen Ltd (CAGL) IPO is going to hit market from August 08, 2018 – August 10, 2018. CreditAccess Grameen IPO Kostak Rate (CAGL Kostak) has started showing some movement.

A Kostak rateis the premium one gets by selling his/her IPO application (in an off market transaction) to someone else before allotment or listing…