CreditAccess Grameen IPO Listed at 8.77% Discount

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CreditAccess Grameen ipo to list on the indices on 23rd August. As it takes long period to list due to holidays season while the grey market says the story. It was a good when it started but after subscription it came down to single digit. As per the company perspective we can expect a good stock for long term but the listing will be flat. If market stay positive we can expect it to go higher side around 460-470 level while on a lower side we can expect it to stay around 400 level. Happy Investing!

CreditAccess Grameen IPO listing was not good as the speculations was to hit at flat price but it went down around 8.77%. The ipo listed at 390 on NSE and 385 on BSE against IPO price of 422.

BSE Code541770
NSE CodeCREDITACC
GroupB
ISIN NoINE741K01010
Offer PriceRs.422
Face ValueRs.10
Listing Date23-August-18, Thursday

CreditAccess Grameen IPO Listing Price: Live Quote

DetailsBSE ListingNSE Listing
Listing Price
385.00
390.00
High Price
423.30
426.90
Low Price
385.00
385.00
Close Price
420.80
422.05

CreditAccess Grameen Subscription Numbers:
(Fully Subscribed)
CategoryDay 1Day 2Day 3
QIB0.690.795.52
HNI0.010.020.97
RII0.120.280.88
Total0.260.372.22

CreditAccess Grameen IPO Dates & Price Band: (Tentative)

  • IPO Open: 08-August-2018
  • IPO Close: 10-August-2018
  • IPO Size: Approx Rs.1130 Crore (Approx)
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.418 to 422  Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 1,02,81,317 Shares
CreditAccess Grameen IPO Market Lot:
  • Shares: Apply for 35 Shares (Minimum Lot Size)
  • Amount: Rs.14,770
CreditAccess Grameen IPO Allotment & Listing:
  • Basis of Allotment: 16-August-2018
  • Refunds: 20-August-2018
  • Credit to demat accounts: 21-August-2018
  • Listing: 23-August-2018
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