CreditAccess Grameen NCD August 2023 – Effective Yield 10.13% p.a.

CreditAccess Grameen Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)) subscription to start on August 24, 2023. CreditAccess Grameen will offer 10.13% interest rates on the NCDs. CreditAccess Grameen NCD has a rating of IND AA-/Stable. The NCDs tenure is for 24, 33 and 60 months. Check out CreditAccess Grameen NCD 2023 details here.
CreditAccess Grameen

Table of Contents

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 OpenAugust 24, 2023
NCD Issue CloseSeptember 6, 2023
NCD Issue SizeBase: 1000 Cr. | Shelf: 1500 Cr.
Price Band₹1000 per NCD
Interest RateUp to 10.13% ** (Annually)
Minimum Investment10 Bonds (₹10,000)
Listing onBSE, NSE Platform
Credit RatingIND AA-/Stable
Tenor24, 33, and 60 Months
Basis of AllotmentFirst Come First Serve Basis
DRHP DocumentClick Here
RHP DocumentClick 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

OptTenurePaymentCouponEff. Yield
124 MonthMonthly9.10%9.48%
224 MonthCumulativeNA9.48%
333 MonthMonthly9.25%9.64%
433 MonthCumulativeNA9.64%
550 MonthMonthly9.40%9.81%
650 MonthCumulative.NA9.81%
760 MonthMonthly9.70%10.13%
860 MonthCumulativeNA10.13%

CreditAccess Grameen NCD Allocation Ratio

CategoryAllocation
Institutional25%
Non-Institutional30%
HNI20%
Retail25%

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/

CreditAccess Grameen NCD August 2023 FAQs:


When is CreditAccess Grameen NCD Open?

CreditAccess Grameen NCD is to open on August 24 and close on September 6, 2023.

What is CreditAccess Grameen NCD Price?

The company has fixed the price at ₹1000 per NCD.

What is CreditAccess Grameen NCD Issue Size?

The NCD issue size is ₹1000 crores.

On Which platform the CreditAccess Grameen NCD will list?

CreditAccess Grameen NCD will list on BSE and NSE Platforms.

How to apply for CreditAccess Grameen NCD?

You can apply from your existing Demat account online and offline.

Follow IPO Watch for the Upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.
Share the Post:
Facebook
Twitter
LinkedIn

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

OPEN DEMAT ACCOUNT