I think listing of credit access grameen may be around 410 to 440 but it will increase during the day.It may touch 500 in a week or so provided a buying from different institutional investors.Its promotor is a foreign company so definitely it's business model may differ from other micro finance companies which are dealing in this space ,so this company can show some massive increase in a time to come.It is my understanding which may differ from other respected investors who are in this forum.
432. P M| Link| Bookmark|
August 21, 2018 8:36:15 PM
(1100+ Posts, 1100+ Likes)
CreditAccess Grameen to list on August 23; experts predict a tepid debut
Navneet me buyback retail acceptation ratio kitna he? Buyback date record 31/08/2018 he?
432.2. P M| Link| Bookmark|
August 22, 2018 6:40:20 PM
(1100+ Posts, 1100+ Likes)
@Dvijen
Navneet Education Buyback
Total no. of shares buyback ------ 46,87,500 Buyback method ------------- Tender Offer Buyback Price ---------------- 160 Record Date ------------------ 31 Aug 2018
Shareholding As on 30 Jun 2018 Promoters ------------------------------------ 14,43,01,036 --------- 61.78% Mutual Funds & Financial Institutions ----- 3,93,43,217 --------- 16.85% Public shareholding ------------------------- 3,08,61,964 ----------- 13.21% (not specified holding upto 2 lacs) FII ---------------------------------------------- 1,47,49,434 ----------- 6.32% Other Bodies Corporate ------------------- 43,02,349 ------------- 1.84%
Exact retail shareholding (holding upto 2 lacs) figure not available, so can not estimate retail acceptance ratio. Even considering 25% of public holding is below 2 lacs the ratio will be below 10%
Dear PM, May I know source of Record date for Navneet? Generally record date is 2 months later after buyback announcement (which will come in month of October). 31 August is record date of HCL Technologies. Please correct me if I am wrong. Thanks.
432.5. P M| Link| Bookmark|
August 23, 2018 9:35:11 AM
(1100+ Posts, 1100+ Likes)
@Addy A
Buyback Letter submitted to BSE mentioned record date 31 Aug 2018
431. Aniketiaf| Link| Bookmark|
August 22, 2018 11:36:02 PM
IPO Guru (1800+ Posts, 10200+ Likes)
Good evening everybody. Tomorrow there will be listing of Credit Access Grameen Ltd IPO. Best of luck to all allottee. I wish, at least 5% listing day Gain to all of you. Thanks. Disclaimer- Not Applied, Not allotted.
I THINK MARKET WILL BE DOWN TOMORROW BECAUSE AS PER NEWS TODAY IN BUSINESS STANDARD SEBI IS PLANNING TO ADD MORE STOCKS IN ASM LIST BY INTRODUCING DELIVERY BASED VOLUME CRITERIA AS AN ADDITIONAL ASM MECHANISM. LETS SEE HOW CAG WILL LIST TOMORROW.
BEST OF LUCK TO ALL INVESTORS FOR TOMORROW.
HAPPY INVESTING .
424.1. SJ| Link| Bookmark|
August 23, 2018 1:31:12 AM
(1300+ Posts, 3200+ Likes)
SEBI banned NiMo's Gitanjali Gems and Amtek Group stocks from trading.Those who are holding , loss their hard earned capital.This is also a bitter dose from SEBI along with ASM.