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Last Updated : Aug 21, 2018 07:42 PM IST | Source: PTI

CreditAccess Grameen shares to list on Thursday

The portion set aside for qualified institutional buyers (QIBs) was subscribed 5.52 times, while that of non institutional investors was 98 per cent and retail investors witnessed a subscription of 88 per cent.

Representative Image
Representative Image

Shares of microfinance firm CreditAccess Grameen, which has concluded Rs 1,131-crore initial public offer (IPO), will make a debut on stock exchanges on Thursday. The IPO was subscribed more than two times during the August 8-10 offer period.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 5.52 times, while that of non institutional investors was 98 per cent and retail investors witnessed a subscription of 88 per cent.

Stocks of CreditAccess Grameen will be listed on August 23, Thursday, according to a listing ceremony invitation by the company.

The IPO comprised fresh issue of shares worth up to Rs 630 crore besides an offer for sale of up to 1,18,76,485 shares with a price band of Rs 418-422 apiece.

ICICI Securities, Credit Suisse Securities (India), IIFL Holdings and Kotak Mahindra Capital Company managed the issue.
First Published on Aug 21, 2018 07:36 pm
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