NEW DELHI: Microfinance firm CreditAccess Grameen got listed on the bourses on Thursday.

The shares of the company made debut both on NSE and BSE.

The shares got listed at Rs 385, 8.77 per cent discount to its issue price of Rs 422.

The firm had concluded a Rs 1,131-crore initial public offer (IPO) during August 8 - 10, during when the IPO was oversubscribed more than two times.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 5.52 times, while that of non institutional investors was 98 per cent and retail investors witnessed a subscription of 88 per cent.

The IPO comprised fresh issue of shares worth up to Rs 630 crore besides an offer for sale of up to 1,18,76,485 shares with a price band of Rs 418-422 apiece.

ICICI Securities, Credit Suisse Securities (India), IIFL Holdings and Kotak Mahindra Capital Company managed the issue.

(With agency inputs)

