CreditAccess Grameen Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscriptions will begin on August 24, 2023. CreditAccess Grameen will offer 10.13% interest rates on NCDs. CreditAccess Grameen NCD is rated IND AA-/Stable. NCDs are available in terms of 24, 33, and 60 months.
CreditAccess Grameen Limited, located in Bengaluru, is a leading Indian microfinance firm focusing on providing microloans to women consumers, mostly in rural India. Through 1,826 branches, the company today operates in 353 districts throughout 14 Indian 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). CreditAccess India B.V., an international firm
specialising in micro and small business lending, is the company’s promoter.
It is supported by institutional investors and has more than a decade of microlending experience in India. Customers refer to the company as “Grameen Koota,” which translates to “rural group” 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?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
CreditAccess Grameen NCD Review
- May Apply
CreditAccess Grameen NCD August 2023 Tenure & Interest Rates
CreditAccess Grameen NCD Allocation Ratio
CreditAccess Grameen NCD August 2023 Lead Manager
- A.K. Capital Services Limited
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.