FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
NCD Status: Closed [14th Nov 2022 to 17th Nov 2022]
The face value of CreditAccess Gramenn Limited is Rs. 1000 per NCD and offer NCD issue size of Rs. 250 Cr BASE issue size and Shelf Limit Of Rs. 1500 Cr which subscription will soon open . The company issues series I to VI secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs). The NCD tenor is 24, 36 and 60 months with a coupon rate ranging 9.45% - 10.46% per annum. Check more about the CreditAccess Grameen NCD Mar 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
NCD Opening Date: | 14th Nov 2022 |
NCD Closing Date: | 17th Nov 2022 |
NCD Type: | Secured NCD |
Issue Size (Base): | ₹250.00Cr |
Issue Size (Shelf): | ₹1500.00Cr |
Face Value: | Rs 1000 each NCD |
Issue Price: | Rs 1000 per NCD |
Market Lot: | 1 NCD |
Min Order Qty: | 10 NCD |
Min Order Amount: | Rs 10000 |
Listing at: | BSE, NSE |
Tenor: | 24, 36 and 60 months |
Rating: | IND AA-/Stable by India Ratings & Research Private Limited |
Series: | Series I to VI |
Payment Frequency: | Monthly and Cumulative |
Basis of Allotment: | First Come First Serve Basis |
Interest on return: |
Zerodha Trade@20
NCD Activity | Date |
---|---|
NCD Issue Open | 14th Nov 2022 |
NCD Issue Close | 17th Nov 2022 |
BSE Code: | 2824 |
NSE Code: | CAGL01 |
* - Tentative Dates
Category Name | NCD's Reserved | NCD's Allocated |
---|---|---|
Institutional | 625000 | 25% |
Non-Institutional | 875000 | 35% |
HNI | 375000 | 15% |
Retail | 625000 | 25% |
CreditAccess Grameen Limited was incorporated on 12, 1991 at Calcutta, CreditAccess Limitedst Bangal. CreditAccess Grameen Limited (CA Grameen) is India's largest microfinance institution, headquartered in Bengaluru, Karnataka. CreditAccess Grameen provides a wide range of products, designed in keeping various life cycle needs of its customers such as income generation, health care, education, festival celebration, home improvement, water, and sanitation.
This company focuses customer segment are women having an annual household income of up to Rs. 300,000 as per the new microfinance regulations announced by RBI in March 2022. CreditAccess Limited provide loans primarily under the joint liability group ('JLG') model. Its primary focus is to provide income generation loans to its customers. CreditAccess Limited focus 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.
CreditAccess Limited also provide individual retail finance loans 'Unnati Loans' to its existing customers. These loans are mainly offered to customers to establish a new enterprise or expand their existing business, meet their working capital requirements, purchase of inventories, machinery, two wheelers, etc.
This company has been followed by CreditAccess Limited a strategy of contiguous district-based expansion across regions. CreditAccess Limited believe that the acquisition of MMFL in Fiscal 2020 also helped us with geographical diversification, and deeper rural penetration. As of September 30, 2022, CreditAccess Limited have presence in 333 districts in the 14 states and one union territory (Puducherry) in India through 1,684 branches and 16,018 employees, serving active consolidated customer base 132 of 38.0 lakhs, as of September 30, 2022.
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 |
The following are the details of the objects of the Tranche I Issue and the amount proposed to be financed from Net Proceeds:
Coupon Rates
Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | |||
---|---|---|---|---|---|---|---|---|
Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | ||
Nature | Secured | |||||||
Tenor | 24 months | 24 months | 36 months | 36 months | 60 months | 60 months | ||
Coupon Rate (Retail) | 9.45% | NA | 9.60% | NA | 10.00% | NA | ||
Effective Yield (% per Annum) | 9.83% | 9.83% | 10.02% | 10.02% | 10.46% | 10.46% | ||
Amount on Maturity | Rs 1,000 | Rs 1,206.57 | Rs 1,000 | Rs 1,332.07 | Rs 1,000 | Rs 1,644.91 |
The company's promoter is CreditAccess India N.V.
The NCDs proposed to be issued under this Tranche I Issue have been rated IND AA-/Stable for an amount of Rs. 1500 Crores by India Ratings & Research Private Limited.
Last Updated on 2023-01-31T20:30:39+00:00