10.13% CreditAccess Grameen NCD August 2023


Last updated on September 4, 2023

NCD Subscription Allotment Status
CreditAccess Grameen NCD

CreditAccess Grameen NCD August 2023 Description – The company is a leading Indian micro-finance institution headquartered in Bengaluru, focused on providing joint liability group (JLG) loans and micro-loans primarily to women customers predominantly in rural areas in India. According to MFIN India, it was the largest NBFC- MFI in India in terms of gross loan portfolio as of March 2023. The company offers a diverse suite of lending products that cater to the critical needs of its customers throughout their life cycle and includes income generation, health care, education, festival celebration, home improvement, water, and sanitation.

CreditAccess Gramin focuses predominantly on customers in rural areas in India, who largely lack access to the formal banking sector and present a latent opportunity for offering micro-loans. Its focus customer segment is women having an annual household income of up to INR 300,000 as per the new microfinance regulations announced by RBI in March 2022.

As of 30 June 2023, it had a presence in 353 districts in the 14 states (Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu, Kerala, Odisha, Chhattisgarh, Goa, Bihar, Jharkhand, Gujarat, Rajasthan, Uttar Pradesh, and West Bengal) and one union territory (Puducherry) in India through 1,826 branches and 17,391 employees, serving active consolidated customer base of 44.2 lakhs.

Promoters of CreditAccess Grameen – CreditAccess India B.V.

CreditAccess Grameen NCD August 2023 Details

Subscription Dates24 Aug – 1 Sep 2023
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000 per NCD
Issue PriceINR1,000 per NCD
Issue Size (Base)INR 400 crore
Overall Issue Size (including oversubscription)INR 1,000 crore
Minimum Lot Size10 NCDs
Market Lot1 NCD
Tenor24 months
33 months
50 months
60 months
Credit RatingIND AA-/Stable
Category ReservationCategory 1 (QIB): 25%
Category 2 (NII): 30%
Category 3 (HNI): 20%
Category 4 (Retail): 25%
Basis of AllotmentFirst Come First Serve
Listing OnNSE, BSE

CreditAccess Grameen NCD August 2023 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsMonthly9.10%9.48%INR 1,000
Series 224 monthsCumulativeNA9.48%INR 1,198.82
Series 333 monthsMonthly9.25%9.64%INR 1,000
Series 433 monthsCumulativeNA9.64%INR 1,288.12
Series 550 monthsMonthly9.40%9.81%INR 1,000
Series 650 monthsCumulativeNA9.81%INR 1,477.11
Series 760 monthsMonthly9.70%10.13%INR 1,000
Series 860 monthsCumulativeNA10.13%INR 1,621.19

CreditAccess Grameen Non-Convertible Debentures Lead Manager

603, 6th Floor, Windsor,
Off CST Road, Kalina, Santacruz (East),
Mumbai – 400 098, Maharashtra
Tel: +91 22 6754 6500
Email: [email protected]
Website: www.akgroup.co.in

CreditAccess Grameen Non-Convertible Debentures Registrar

Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com

CreditAccess Grameen NCD Documents

CreditAccess Grameen Contact Details

New No. 49 (Old No. 725),
46th Cross, 8th Block, Jayanagar,
Next to Rajalakshmi Kalyana Mantap,
Bengaluru 560 071, Karnataka
Phone: +91 80 2263 7300
Email: [email protected]
Website: https://www.creditaccessgrameen.in

CreditAccess Grameen NCD August 2023 Subscription Status (no. of times)

1 Sep 20230.002.692.192.962.01
31 Aug 20230.002.662.172.741.94
30 Aug 20230.002.642.152.571.88
29 Aug 20230.002.641.832.511.81
28 Aug 20230.002.611.822.451.78
25 Aug 20230.002.601.742.291.72
24 Aug 20230.002.570.971.921.47

CreditAccess Grameen NCD August 2023 Allotment Status

CreditAccess Grameen NCD August 2023 allotment status will be updated on the website of KFin Technologies’ website. Click on this link to get allotment status.

CreditAccess Grameen NCD August 2023 FAQs

What is the face value and lot size of CreditAccess Grameen NCD August 2023?

The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.

What is the frequency of interest payment in CreditAccess Grameen NCD August 2023?

The frequency of payment for CreditAccess Grameen NCD is Monthly & Cumulative.

What is the basis of allotment in CreditAccess Grameen NCD August 2023 offer?

CreditAccess Grameen NCDs will be allotted on a First Come First Serve Basis.


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