# NCD guidance is given at the bottom of the post
    # Latest Subscription Status is given at the bottom of the post

    About the Company:
    CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bengaluru, focused on providing joint liability group loans and micro-loans primarily to women customers predominantly in rural areas in India. According to MFIN India, it was the largest NBFC- MFI in India in terms of gross loan portfolio as of March 2022. It offers a diverse suite of lending products that cater to critical needs of its customers throughout their life cycle and includes income generation, health care, education, festival celebration, home improvement, water, and sanitation. It believes that its customer-centric business model, wide range of product offerings, as well as its well-designed product delivery and collection systems, have enabled it to achieve high customer retention rates and low credit costs.creditaccess grameen ncd issue
    It focuses 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.

    NCD Promoter
    CreditAccess India N.V

    NCD Rating
    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.

    CreditAccess Grameen NCD 2022 Detail
    Issue Open Nov 14, 2022 – Nov 17, 2022
    Security Name CreditAccess Grameen Limited
    Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
    Issue Size (Base) Rs 250.00 Crores
    Issue Size (Shelf) Rs 1,500.00 Crores
    Issue Price Rs 1000 per NCD
    Face Value Rs 1000 each NCD
    Minimum Lot size 10 NCD
    Market Lot 1 NCD
    Listing At BSE, NSE
    Credit Rating IND AA-/Stable by India Ratings & Research Private Limited
    Tenor 24, 36 and 60 months
    Series Series I to VI
    Payment Frequency Monthly and Cumulative
    Basis of Allotment First Come First Serve Basis
    NCD Allocation Ratio
    Category NCDs Allocated
    Institutional 25%
    Non-Institutional 35%
    HNI 15%
    Retail 25%
    NCDs offered by Category
    Category NCDs Reserved
    Institutional 625,000
    Non-Institutional 875,000
    HNI 375,000
    Retail 625,000
    Total NCD’s 2,500,000
    Coupon Rates for Eash Series
      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

    Objects of the Issue
    The objects of the Tranche I Issue and the amount proposed to be financed from Net Proceeds:
    For onward lending, financing and repayment of interest and principal of existing borrowings of the Company.

    Financial Snapshot (Rs. In Crore)
    Period Ended Total Revenue Profit After Tax Net Worth
    31-Mar-20 1705 335 2720
    31-Mar-21 2466 131 3646
    31-Mar-22 2750 357 4018
    Address of the Company
    New No. 49 (Old No. 725), 46th Cross, 8th Block, Jayanagar, Rajalakshmi Kalyana Mantap, Bengaluru 560 071, Karnataka
    CreditAccess Grameen 2022 Lead Managers
    A.K. Capital Services Limited
    CreditAccess Grameen Registrar
    Kfin Technologies Ltd

    CreditAccess Grameen Analysis & Guidance:
    The company is one of best managed and one of strongest micro finance company of India. The company has shown strong rise in its profitability during 2021-22. The coupon rates for different categories and different tenure are also very attractive. Must Apply NCD.

    CreditAccess Grameen NCD 2022 
    Subscription Status on 16 Nov 2022 @ 5.00pm
    Category Subscription (Times)
    Institutional 4.48
    Non-Institutional 2.64
    HNI 2.64
    Retail 2.85
    Total 2.93

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