CreditAccess Grameen NCD November 2022 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 2022. The company offers a diverse suite of lending products that cater to 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 are 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 September 2022, it had presence in 333 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 1,684 branches and 16,018 employees, serving active consolidated customer base of 38 lakhs.
Promoters of CreditAccess Grameen – CreditAccess India N.V.
CreditAccess Grameen NCD November 2022 Details
| Subscription Dates | 14 – 17 November 2022 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR 250 crore |
| Overall Issue Size (including oversubscription) | INR 500 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months |
| Credit Rating | IND AA-/Stable |
| Category Reservation | Category 1 (QIB): 25% Category 2 (NII): 35% Category 3 (HNI): 15% Category 4 (Retail): 25% |
| Basis of Allotment | First Come First Serve |
| Listing On | NSE, BSE |
CreditAccess Grameen NCD November 2022 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Monthly | 9.45% | 9.83% | INR 1,000 |
| Series 2 | 24 months | Cumulative | NA | 9.83% | INR 1,206.57 |
| Series 3 | 36 months | Monthly | 9.60% | 10.02% | INR 1,000 |
| Series 4 | 36 months | Cumulative | NA | 10.02% | INR 1,332.07 |
| Series 5 | 60 months | Monthly | 10.00% | 10.46% | INR 1,000 |
| Series 6 | 60 months | Cumulative | NA | 10.46% | INR 1,644.91 |
CreditAccess Grameen Non Convertible Debentures Lead Manager
A.K. Capital Services Limited
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
Kfin Technologies Limited
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 NCD Tranche Prospectus
- CreditAccess Grameen NCD Draft Shelf Prospectus
- Upcoming NCDs
CreditAccess Grameen Contact Details
CreditAccess Grameen Limited
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 November 2022 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
| 17 Nov 2022 | 4.48 | 2.02 | 2.70 | 3.19 | 3.03 |
| 16 Nov 2022 | 4.48 | 2.01 | 2.64 | 2.89 | 2.94 |
| 15 Nov 2022 | 4.48 | 1.93 | 2.51 | 2.50 | 2.80 |
| 14 Nov 2022 | 4.48 | 1.91 | 2.46 | 1.76 | 2.60 |
CreditAccess Grameen NCD November 2022 Allotment Status
CreditAccess Grameen NCD November 2022 allotment status will be updated at the website of KFin Technologies’ website. Click on this link to get allotment status.
CreditAccess Grameen NCD November 2022 FAQs
What is the face value and lot size of CreditAccess Grameen NCD November 2022?
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 November 2022?
The frequency of payment for CreditAccess Grameen NCD is Monthly & Cumulative.
What is basis of allotment in CreditAccess Grameen NCD November 2022 offer?
CreditAccess Grameen NCDs will be allotted on a First Come First Serve Basis.
