CreditAccess Grameen Limited NCD Date, Review, and Details (CreditAccess Grameen NCD)
Note: CreditAccess Grameen NCD Issue is listed in BSE NSE. They are going to raise ₹250.00 Crores via IPO. The issue is a price range of ₹1000 per NCD. The NCD issue is to be listed on BSE NSE.
CreditAccess Grameen Limited is one of the leading Indian micro-finance institutions headquartered in Bengaluru. As of March 2022, according to MFIN India, The company is the largest NBFC- MFI in India in terms of the gross loan portfolio.
CreditAccess Grameen’s business model is customer-centric, the company has a wide range of product offerings, as well as well-designed product delivery and collection systems, which have enabled the company to achieve high customer retainer rates and low credit costs.
CreditAccess Grameen 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.
As of September 30, 2022, the company has existence in 333 districts in 14 states (Karnataka, Maharashtra, Odisha, Chhattisgarh, Goa, Madhya Pradesh, Tamil Nadu, Kerala, Bihar, Gujarat, Rajasthan, Uttar Pradesh, Jharkhand, and West Bengal) and one union territory (Puducherry) in India through 1,684 branches and 16,018 employees, serving active seamless customer base 132 of 38.0 lakhs, as of September 30, 2022.
What is the official website of CreditAccess Grameen Limited?
CreditAccess Grameen Limited NCD Official Website is https://www.creditaccessgrameen.in/
What is the registered address of CreditAccess Grameen Limited?
CreditAccess Grameen Limited
New No. 49 (Old No. 725), 46th Cross, 8th Block,
Jayanagar, Rajalakshmi Kalyana Mantap
Bengaluru 560 071, Karnataka
Phone: +91 80 2263 7300
Email: csinvestors@cagrameen.in
Website: https://www.creditaccessgrameen.in/
CreditAccess Grameen Limited Financial Reports
| Period
Ended |
Total
Assets |
Total
Revenue |
Profit
After Tax |
Net
Worth |
|---|---|---|---|---|
| 31-Mar-20 | 12590.21 | 1705.48 | 335.49 | 2720.34 |
| 31-Mar-21 | 15060.23 | 2466.07 | 131.4 | 3645.54 |
| 31-Mar-22 | 17394.75 | 2750.13 | 357.1 | 4017.53 |
| Amount in ₹ Crore | ||||
CreditAccess Grameen Limited NCD Date & Price Band
| Issue Open | Nov 14, 2022 – Dec 17, 2022 |
| Security Name | CreditAccess Grameen Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 250.00 Crores |
| Issue Size (Shelf) | Rs 1,500.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot Size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | IND AA-/Stable by India Ratings & Research Private Limited |
| Tenor | 24, 36, and 60 months |
| Series | Series I to VI |
| Payment Frequency | Monthly and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
CreditAccess Grameen NCD Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 25% |
| Non-Institutional | 35% |
| HNI | 15% |
| Retail | 25% |
CreditAccess Grameen NCDs Offered by Category
| Category | NCD’s Reserved |
|---|---|
| Institutional | 625,000 |
| Non-Institutional | 875,000 |
| HNI | 375,000 |
| Retail | 625,000 |
| Total NCD’s | 2,500,000 |
CreditAccess Grameen NCD Market Lot
The CreditAccess Grameen Limited NCD minimum market lot is 10 shares with a ₹100,000 application amount.
| Application | Lots | Amount | |
| Retail | 10 | ₹100,000 | |
CreditAccess Grameen NCD Company Promoter
The company’s promoter is CreditAccess India N.V.
CreditAccess Grameen NCD Company Registrar
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: cagl.ncdipo@kfintech.com
Website: https://karisma.kfintech.com/
CreditAccess Grameen NCD Lead Managers
- A.K. Capital Services Limited
CreditAccess Grameen NCD 2022 Prospectus
What is CreditAccess Grameen Limited NCD?
The NCD Issue is listed in BSE NSE. They are going to raise ₹250.00 Crores via IPO. The issue is a price range of ₹1000 per NCD. The NCD issue is to be listed on BSE NSE.
When will NCD Issue open?
The NCD Issue will open for NII, and Retail Investors on November 14, 2022.
What is CreditAccess Grameen Limited NCD Investors Portion?
The investors’ portion for Institutional is 25%, NII is 35%, HNI is 15%, and Retail is 25%.
What is CreditAccess Grameen Limited NCD Size?
The Issue size is ₹250.00 crores.
What is NCD Price Band?
The NCD Price is Rs. 1000 per NCD.
What is IPO Minimum and Maximum Lot Size?
The CreditAccess Grameen Limited NCD minimum market lot is 10 shares with a ₹100,000 application amount.
| Application | Lots | Amount | |
| Retail | 10 | ₹100,000 |
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