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( As on 01/08/2018 12:30) CreditAccess Grameen announces launch of initial public offering

CreditAccess Grameen Ltd. has announced public offering of 26805395 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 412.00 per share. The gross proceeds of the issue are expected to be Rs 1,13,118.77 lakhs.

The company's initial public offer (IPO) will open on 08 August 2018 and is expected to close on 10 August 2018, subject to customary closing conditions. The price band of the issue has been fixed at Rs 418.00-422.00 per share.

The IPO includes a fresh Issue of 26805395 Equity Shares of the Company at an price of Rs 422.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 35 shares with bids in multiples of 35.

CreditAccess Grameen Ltd. anticipates using the proceeds of the issue for .

IIFL Holdings Limited,Credit Suisse Securities (India) Pvt. Ltd.,Kotak Mahindra Capital Company Ltd.,ICICI SECURITIES LTD. as lead manager(s) & KARVY COMPUTERSHARE PRIVATE LIMITED is the registrar, to the issue.
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