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CreditAccess Grameen IPO subscribed 2.22 times so far on last day of issue

August 10
21:33 2018

CreditAccess Grameen’s initial public offering (IPO) was subscribed over 1.91 times on last day of issue so far.

The IPO, worth Rs 1,131 crore, got bids for 4.17 crore shares against a total issue size of 1.88 crore shares, data available with NSE, as of 7 pm, revealed.

The portion reserved for qualified institutional buyers (QIBs) was subscribed 5.52 times, non-institutional investors 0.973 times and retail investors 0.8756 times.

The public offer comprises of fresh issue of up to Rs 630 crore and an offer for sale of up to 11,876,485 shares, including anchor portion of 8,041,617 shares.

The company managed to raise over Rs 339 crore from anchor investors. Price band for the offer has been fixed at Rs 418-422 per share.

ICICI Securities, Credit Suisse Securities (India) Private, IIFL Holdings and Kotak Mahindra Capital Company are managing the issue.

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