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CreditAccess Grameen Limited IPO Message Board (Page 7)

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397. Viram |   Link |  Bookmark | August 21, 2018 11:19:28 AM
It's your information market Mai ek company Omni axs software karke hai iss ka promoter ke pass 8 % hai Lekin ye jooth hai company 68 % hissa promoter k pass hai ....ye company kafi badi hone wali hai iss ka bse code (532340) hai aur 2 rs k aas pass mil Rahi hai...only catch 100 shares and forget it for long time fir dekhna...ye Bitcoin hone wali hai..
397.4. Dhan Ki Baat |   Link |  Bookmark | August 21, 2018 5:16:15 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Ya, promoter holding shows 4.68% maybe indirectly they hold 68% only Viram knows

One question keeps on coming in my mind, what prevents such kind of companies to list on both exchanges BSE and NSE, many companies with like financial's are traded only on BSE. Annual sales were NIL for last two financial years. TTM sales are Rs 17 lacs only.

A local chemist shop (115 sq ft area) near me has monthly sales of Rs 1 Million

Anyway, he is asking to buy only 100 shares...
397.5. AnkurGoel |   Link |  Bookmark | August 21, 2018 5:43:22 PM
@Viram, you can buy ACIL Cotton and CalsRef also. These are also penny stocks which can multiply your return on investment. :)
These are same stocks like Omni Axs.

396. subramanya bhatt |   Link |  Bookmark | August 21, 2018 5:30:48 PM
If you have applied hold it or make some round figure and keep.will give good returns.Good progress is seen in the performance of the company.
395. Viram |   Link |  Bookmark | August 21, 2018 1:39:56 PM
Bhai buy nahi karna to kuchh nahi...company k pass 15 subsidiary company hai...iss ka original name astro bio system hai...aur jab se list Hui tabse Chali nahi...Tamil nadu Chennai Mai iss k pass achhi lands bhi hai...company 2 Baar delist ho kar listing Hui hai...ye koi maine 50000 shares Lene Ko nahi bola sirf 100 shares le sakte hai..it's only 200 rupees investment.sayad uske 2 cr ho jaye.fir aapki marji
395.1. CHD |   Link |  Bookmark | August 21, 2018 2:43:24 PM (1100+ Posts, 500+ Likes)
Like that song goes ..." Tu ek paisa dega , woh das lakh dega" ....200 se 2 crore ...kya haseen khwab dikhaya hai ....!
395.2. Dhan Ki Baat |   Link |  Bookmark | August 21, 2018 5:29:32 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
If an investment worth Rs 200 is going to fetch Rs 2 Crore then what will be the market cap of the company?

It will be in top 10 and just after Infosys. This seems an Uncanny dream which even fails American dream
394. mentor ipo |   Link |  Bookmark | August 21, 2018 4:52:31 PM
All experts Moneycontrol spoke to said a bumper return on listing day was an improbable outcome.
393. kiah |   Link |  Bookmark | August 21, 2018 4:46:36 PM
Experts any advice on Indostar?
Waiting for reply
Thanks in advance
392. Bullbear |   Link |  Bookmark | August 21, 2018 10:39:10 AM
Original name of this co. Was Grameen Koota. Here Koota doesn't mean a dog.. Koota means encrypted or coded or full. Definitely list above 430 day after tomorrows holiday.
392.1. prakash kundur |   Link |  Bookmark | August 21, 2018 12:39:16 PM
Hi 391,

I am from Bangalore and know Kannada.
Koota in Kannada means a group.
For Ex: Raithara Koota means a group of Ryots.
Makkala koota means a group of children
Grameen Koota means a group of villages/rural areas or people from those areas.

Apart from the name syncing with its core business area, company looks good.
Should do well if not on listing day, sooner than later.
391. CHD |   Link |  Bookmark | August 21, 2018 10:56:13 AM (1100+ Posts, 500+ Likes)
CAG shares have come into my Demat accounts at ICICICdirect .....!
390. GAURAVBALDEV |   Link |  Bookmark | August 21, 2018 10:44:39 AM
Here is my analysis of Credit Access:

Company has guided of 55%+ growth in the coming years. Last 5 years it has grown above 60-70% except in DeMonetization year.

It is diversifying in other states which reduces risk. Also there is no competition in Joint Liability group segment.

MNC company with 80% promoter holding. 10% is with institutions (mostly locked in for certain period), so Free float is only 10%.

Valuations: Fy'18 EPS: 12.4 Rs. Fy'19 EPS: 19Rs (55% increase in profits)
These companies have band of 20-30 PE (they trade @20PE in worst case scenario and @30 PE in best case scenario) so taking 25 as fair PE, The Fy'19 Fair value comes @475Rs. They have maintained 0.1% NPA from last many years. This year it 2%NPA due to one-time accounting of Demonetization

Conclusion: If Bond yields remain stable than the stock can quote @500 or above levels and if bond yield start to rise then it can trade near 400-430 levels. Capped Downside and Upside potential is more. Giving Risk:Reward of 1:2
389. Hiteshji |   Link |  Bookmark | August 21, 2018 9:20:42 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Don't fight. It will list above issue price..
389.1. CHD |   Link |  Bookmark | August 21, 2018 10:03:32 AM (1100+ Posts, 500+ Likes)
Amen ....Hitesh ji ....!
388. subramanya bhatt |   Link |  Bookmark | August 21, 2018 7:35:15 AM
as per announcement credit grameen will be listed on thursday the 23rd.2 to 3% upwards listing possible.
387. subramanya bhatt |   Link |  Bookmark | August 21, 2018 7:20:44 AM
Eventhough Credit grameen has some exposure in Kerala;it may not effect much to the bottomline.It may improve as people wants to come back to normal.
386. Bullbear |   Link |  Bookmark | August 20, 2018 11:46:07 PM
@AVGIPO Sir tentative dates see above shows listing date is on 23 rd september
385. IPOANALYSIS |   Link |  Bookmark | August 19, 2018 3:43:09 PM
If business is in Kerala and that too in rural areas. Kerala is heavily devasted. There is going to be huge NPA in coming time. Also anyway it was an expensive stock. It's fair value is not more than 375 rs. One should not even buy if it falls below 350 for now
385.8. kvb |   Link |  Bookmark | August 20, 2018 9:12:14 PM
Not agree, company is there to support the village woman's by giving them facility of finance which will happen after the flood also as the people will need more money. The unexpected loss will be taken care by govt.
385.9. IPOANALYSIS |   Link |  Bookmark | August 20, 2018 11:41:26 PM
Hahaha. It's a joke. If there is any loss in rural areas the no way they can recover thosr dues from govt. Anyway the listing is not far. Away so let us see how much profit /loss is made
384. Saurin second |   Link |  Bookmark | August 20, 2018 2:15:35 PM
Can anyone tell exact gmp of Grameen right now????
384.2. Umesh sharma |   Link |  Bookmark | August 20, 2018 8:10:02 PM
12-14 discount
384.3. SJ |   Link |  Bookmark | August 20, 2018 9:33:51 PM (1300+ Posts, 3200+ Likes)
o - ( - 15 )
383. Akshay Jadhav |   Link |  Bookmark | August 20, 2018 2:22:43 PM
Can any one tell me about listing gains of this ipo?
383.1. SJ |   Link |  Bookmark | August 20, 2018 9:32:25 PM (1300+ Posts, 3200+ Likes)
Listing gain is nil after deducting brokerage , STT , GST , Trade Charge...
382. P M |   Link |  Bookmark | August 20, 2018 8:04:04 PM (1100+ Posts, 1100+ Likes)
Shares credited

ISIN ------ INE741K01010
Expected Date of Listing       -------- 23/08/2018 (mentioned in mail received from Karvycs@karvy.com)
381. AVGIPO |   Link |  Bookmark | August 20, 2018 6:02:47 PM
Listing will be tomorrow
381.2. PSR |   Link |  Bookmark | August 20, 2018 7:46:32 PM
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Shares have been credited in the afternoon itself.
381.3. AVGIPO |   Link |  Bookmark | August 20, 2018 7:54:17 PM
Yes Shares are credited, and my broker says listing will be tomorrow. Need to double check
380. Shriniwas |   Link |  Bookmark | August 20, 2018 6:00:34 PM
DRHP of Route Mobile Limited cleared by SEBI on 16 August 2018
379. ammubutter |   Link |  Bookmark | August 20, 2018 2:09:11 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
It must have listed today..... But y it isn't? May be waiting for a weak market day for listing
379.2. CHD |   Link |  Bookmark | August 20, 2018 3:42:19 PM (1100+ Posts, 500+ Likes)
...or 20th ....!
379.3. Akshay Jadhav |   Link |  Bookmark | August 20, 2018 3:46:30 PM
Is there listing gain in the above IPO?
378. Satya the truth |   Link |  Bookmark | August 20, 2018 3:12:28 PM
Ipo analysis.. What is your analysis.. Regarding this ipo.. Just forget about kerala flood... Many people are doing best for relief.. Just post truth not hypothetical views.. You want this share at chif prise.. Why.