Credit Access Grameen Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) would be offered for subscriptions on August 24th, 2023. Credit Access Grameen will offer NCDs at rates of up to 10.13%. CreditAccess Grameen’s NCD has an IND AA-/Stable rating. The terms of the NCD include being available for 24,33 and 60 months.
The Credit Access Grameen Limited based in Bengaluru is an Indian micro fince company that is a front runner in advancing women borrowers especially those who live in rural India. This firm operates today around 14 states (Karnataka, Maharashtra, Tamil Nadu, Chhattisgarh, Madhya Pradesh, Odisha, Kerala, Goa, Gujarat, Rajasthan, Uttar Pradesh, Bihar, Jharkhand and West Bengal) and one union territory (Puducherry) through its 1,826 branches located in different parts of the country. An international business entity known as Credit Access India B.V.
The firm’s promoter is an expert in providing funding for small and micro enterprises.
It has more than a decade of experience in microlending in India, and institutional investors back it. “Rural group” is how customers refer to the company, “Grameen Koota,” in Kannada.
CreditAccess Grameen Tranche I NCD August 2023 Details
| NCD Issue Open | August 24, 2023 |
| NCD Issue Close | September 6, 2023 |
| NCD Issue Size | Base: 1000 Cr. | Shelf: 1500 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 10.13% ** (Annually) |
| Minimum Investment | 10 Bonds (₹10,000) |
| Listing on | BSE, NSE Platform |
| Credit Rating | IND AA-/Stable |
| Tenor | 24, 33, and 60 Months |
| Basis of Allotment | First Come First Serve Basis |
CreditAccess Grameen NCD August 2023 Promoters
- CreditAccess India N.V.
How to Apply CreditAccess Grameen NCD August 2023 Issue?
Using your current Demat account, you may apply both offline and online. Application forms can be downloaded from the official website and filled out entirely. A check for the designated amount must be sent with the completed form. It may be turned in to a collection center by you.
CreditAccess Grameen NCD Review
- May Apply
CreditAccess Grameen NCD August 2023 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
|---|---|---|---|---|
| 1 | 24 Month | Monthly | 9.10% | 9.48% |
| 2 | 24 Month | Cumulative | NA | 9.48% |
| 3 | 33 Month | Monthly | 9.25% | 9.64% |
| 4 | 33 Month | Cumulative | NA | 9.64% |
| 5 | 50 Month | Monthly | 9.40% | 9.81% |
| 6 | 50 Month | Cumulative. | NA | 9.81% |
| 7 | 60 Month | Monthly | 9.70% | 10.13% |
| 8 | 60 Month | Cumulative | NA | 10.13% |
CreditAccess Grameen NCD Allocation Ratio
| Category | Allocation |
|---|---|
| Institutional | 25% |
| Non-Institutional | 30% |
| HNI | 20% |
| Retail | 25% |
CreditAccess Grameen NCD August 2023 Lead Manager
- A.K. Capital Services Limited
CreditAccess Grameen NCD August 2023 Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
Company Information
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: [email protected]
Website: https://www.creditaccessgrameen.in
CreditAccess Grameen NCD August 2023 FAQs:
Q1. When is CreditAccess Grameen NCD Open?
Ans. CreditAccess Grameen NCD is to open on August 24 and close on September 6, 2023.
Q2. What is CreditAccess Grameen NCD Price?
Ans. The company has fixed the price at ₹1000 per NCD.
Q3. What is CreditAccess Grameen NCD Issue Size?
Ans. The NCD issue size is ₹1000 crores.
Q4. On Which platform the CreditAccess Grameen NCD will list?
Ans. CreditAccess Grameen NCD will list on BSE and NSE Platforms.
Q5. How to apply for CreditAccess Grameen NCD?
Ans. You can apply from your existing Demat account online and offline.
