About
- CreditAccess Grameen (CREDAG) is one of India’s leading & the largest microfinance institution
Key Highlights and Value Add by SBICAP – Investec
- Leveraging on the strong understanding & research-driven differentiated insights on financial inclusion space, SBICAP spearheaded the marketing efforts
- SBICAP played a key role in enriching and further expanding the institutional shareholding base by getting marquee long-only FIIs while delivering optimal pricing for the issue
- The deal construct was challenging and unique wherein 100% weightage was assigned for procuring new investors
- In a 4-bank syndicate, SBICAP successfully delivered by procuring 2nd highest of the new investors’ demand – ~33% ex. Hedge Funds and ~26% incl. Hedge Funds.
- SBICAP got 2 out of total 4 new long-only FIIs that participated in the issue
- The deal was successfully closed within a tight 4-week timeline from the kick-off
Offering Summary
| QIP Size | INR 800 Cr | |
| SEBI Floor Price | INR 707.69 | |
| QIP Price | INR 707 | |
| Launch Date | 5th October, 2020 |
