One more IPO will be launched in the next month as CreditAccess Grameen get the go-ahead signal from the Securities and Exchange Board of India (Sebi) to raise fund up to INR 1500 crore through IPO. Sebi’s observation is essential for any firm to launch its IPO and/or FPO.

The issue comprises the fresh issue of around INR 900 Crore and an offer for sale around 1,02,81,317 equity shares by the IPO promoters. The IPO is expected in the first half of August.

About CreditAccess Grameen:

A Bengaluru-based micro firm, CreditAccess Grameen is widely known for its quality services and rapid growth. Currently, the company has 5000+ employees and approx. 16 lacs active customers as on Sept 2017. The company has 440 branches in just 110 districts.