CreditAccess Grameen fixes price band at Rs 418-422 for IPO

CreditAccess Asia owns 99 per cent stake in the microfinance company.

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ICICI Securities, Credit Suisse Securities (India), IIFL Holdings and Kotak Mahindra Capital Company are the book running lead managers to the offer.
CreditAccess Grameen today said it has fixed price band between Rs 418 and Rs 422 per equity share for its proposed initial public offering.

The company proposes to make a fresh issue of equity shares aggregating up to Rs 630 crore and an offer for sale of up to 11,876,485 equity shares by the promoter, CreditAccess Asia NV, it said in a release.

The IPO will open on August 8 and close on August 10. The equity shares are proposed to be listed on BSE and NSE.

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