CreditAccess Grameen Limited IPO Message Board (Page 26)

GMP 24-28

24-28 per share ??? Which city ?? And what is application kostak price ??

Peer Comparison:
Bharat Financial - Revenues Rs 2102 crores, Net Profit Rs 455 crores, P/BV 5.64, PE 26x, Market Cap Rs 16922 crores.

Equitas Holdings - Revenues Rs 1767 crores, Net Profit Rs 31 crores, P/BV 2.09, PE 151x, Market Cap Rs 4751 crores.

Ujjivan Financial - Revenues Rs 1581 crores, Net Profit Rs 7 crores, P/BV 2.60, PE 631x, Market Cap Rs 4585 crores.

Satin Creditcare -Revenues Rs 1031 crores, Net Loss Rs 3 crores, P/BV 1.60, PE NAx, Market Cap Rs 1684 crores.

Credit Access -Revenues Rs 875 crores, Net Profit Rs 124 crores, P/BV 2.94 after fresh issue of Rs 630 crores, PE 48x on fully diluted capital of Rs 143 crores, Market Cap Rs 6050 crores.

Equitas and Ujjivan have small finance bank licence. So direct comparison with these two company is not good.

Only Equitas and Ujjivan has Net Worth in this range i.e. 2000cr

GRAMEEN IPO - Issue Information *(FINAL)*

Issue Opens on: 08 Aug 2018
Issue Closes on: 10 Aug 2018
Issue Type: Book Built Issue IPO
Issue Size: 2,68,05,394 Equity Shares
Face Value: Rs 10 per Equity Share
Issue Price: Rs.418 - Rs.422 per Equity Share
Market Lot: 35 shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 12,82,13,837 Equity Shares
Offer for Sale of 1,18,79,485 Equity Shares @422 = Rs.501.19 Crores
Fresh Issue of 1,49,28,909 Equity Shares @422 = Rs.630 Crores
Equity Shares outstanding after the Issue = 14,31,42,746 Equity Shares

Category-wise Break up:.
Anchor - 80,41,618 Shares = 339.36Crs
QIB - 53,61,079 Shares = 226.24Crs
NII - 40,20,809 Shares = 169.68Crs
RII - 93,81,888 Shares = 395.92Crs (Lot size: 35 = 2,68,054 Forms)

Total Issue - 2,68,05,394 Equity Shares = 1,131.19Crs.

Subscription required for 1X
RII = 2,68,054 Forms
NII = 169.68Crs

GRAMEEN IPO - Schedule (Page# 303 & 304 of RHP)
01st Aug - Price Band to be Announced
07th Aug - Anchor List
08th Aug - Offer Opens
10th Aug - Offer Closes
16th Aug - Finalisation of Basis of Allotment
20th Aug - Unblocking of ASBA
21th Aug - Credit to Demat Accounts
23rd Aug - Listing on NSE & BSE

Please Note:
15th / 17th & 22nd August are Bank Holidays

Fundamentally very good. I think majority will apply.

Credit Access - P/BV 2.94 after fresh issue of Rs 630 crores, PE 48x on fully diluted capital of Rs 143 crores, Revenues Rs 875 crores, Market Cap Rs 6050 crores.

Is P/BV too diluted?

Thank you for the analysis Shriniwas ji.

Pe 34
RONE 8.73% (is very low)
NAV 111.12 as on 31.3.18
P/B 3.8 is little bit expensive.
Only + point is multinational company backed by four asian institutional investors.
Price is little bit high. How qib responds lets wait and see.
Anyhow we will wait until last day to apply like bandhan bank.

Please consider diluted figures as per comment by Shriniwas, NAV after offer will be 143.55 making P/BV 2.94, PE will be 48x

Sorry it's 4-5times

Kostak should start around 500-600 based on 45times subscription retail.

very good ipo, fundamental are good of the company & p/e ratio is good & reasonable price.

very good ipo......company's fundamental very strong ........operate in 6 state....

Equitas Holdings - P/BV 2.09, PE 151x, Revenues Rs 1767 crores, Market Cap Rs 4751 crores.

Looks good...

Another strong IPO with reasonable price band. Lets wait for the Grey market.

Generally, the secondary market sentiments for micro-finance companies are weak.

Good IPO

wat's about this ipo..?? gmp.?