CreditAccess lists below issue price

Microfinance lender CreditAccess Grameen made a tepid debut on the bourses on Thursday with the shares falling below the issue price even as the benchmark indices posted marginal gains. On BSE, the shares listed at Rs. 385, much lower than the issue price of Rs. 422 before closing at Rs. 420.80. At Thursday’s closing price, the market capitalisation of the company was pegged at Rs. 6,032.43 crore. On the National Stock Exchange, the shares of the microlender closed at Rs. 418.35 after touching a high of Rs. 426.90.

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