CreditAccess Grameen Limited is a leading Indian microfinance institution headquartered in Bengaluru, focused on providing micro-loans to women customers predominantly in rural areas across India. The Company is now operating in 353 districts in 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) in India through 1,826 branches. The Company’s Promoter is CreditAccess India B.V., a multinational company specializing in micro and small enterprise financing. It is backed by institutional investors and has a micro-lending experience in India of more than a decade. The company is popularly known as “Grameen Koota” amongst its customers, translating 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 |
| DRHP Document | Click Here |
| RHP Document | Click Here |
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
| 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 Allotment Status
- CreditAccess Grameen NCD issue allotment available on KFintech.
CreditAccess Grameen NCD August 2023 Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
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/
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