Credit Access Grameen NCD: Issue Price, Issue Size and Important Dates

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Credit Access Grameen NCD
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Bengaluru-based Credit Access Grameen NCD will start from 14th Dec 2022, It is one of India’s top microfinance organisations. According to MFIN India, as of March 2022, the company had the highest NBFC-MFI gross loan portfolio in India. High customer retention rates and low credit costs have been made possible by the company’s customer-centric business model, a wide range of product offers, and well-designed product delivery and collection systems. 

The company focuses primarily on customers in rural India, where there is a latent possibility to provide microloans because these customers are mostly excluded from the official banking system. 

Credit Access Grameen NCD : Details 

Issue Open Nov 14, 2022 – Dec 2, 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 
Credit Access Grameen LTD NCD.

Credit Access Grameen NCD: Allocation Details 

Category  NCD’s Allocated 
Institutional 25% 
Non-Institutional 35% 
HNI 15% 
Retail 25% 

Credit Access Grameen NCD: Industry Overview 

As of 31 March 2022, 12 Banks held the largest portion of the microcredit portfolio, accounting for 40.0% of the whole microcredit market with a total loan outstanding of Rs 1,14,051 Cr. With a loan balance of Rs 1,00,407 Cr and a share of 35.2% in the overall industry portfolio, NBFC-MFIs are the second-largest providers of microcredit. SFBs currently owe Rs. 48,314 Cr. in total loans, accounting for 16.9% of the outstanding balance. Other MFIs make up 1.0% of the total, whereas NBFCs represent 6.9% more. The five broad categories of microlenders are represented in the table below, along with their key portfolio and outreach numbers. 

Credit Access Grameen NCD

As of March 31, 2022, the industry has 11.3 billion loan accounts serving 5.8 billion distinct borrowers. The regional distribution is seen in the pie chart below, with approximately 64% of the portfolio concentrated in the East & Northeast and South areas. 

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Credit Access Grameen NCD :National Footprints 

As of September 30, 2022, the company had 1,684 branches and 16,018 employees, serving an active combined customer base of 132 of 38.0 lakhs across 333 districts in 14 states (Karnataka, Maharashtra, Madhya Pradesh, Tamil Nadu, Kerala, Odisha, Chhattisgarh, Goa, Bihar, Jharkhand, Gujarat, Rajasthan, Uttar Pradesh, and West Bengal) and one union territory (Puducherry) in India. 

Credit Access Grameen NCD: Strengths 

  • Customer-centric business model resulting in high customer retention. 
  • Deep penetration in Rural areas built through calibrated, contiguous district-based expansion. 
  • Robust customer selection and risk management policies resulting in healthy asset quality. 

Credit Access Grameen NCD:Weaknesses 

  • Operations are majorly concentrated in Karnataka, Maharashtra and Tamil Nadu. Any adverse developments in these states could have an adverse effect on its business, results of operations, financial condition and cash flows. 
  • Microfinance loans are unsecured and are susceptible to various operational and credit risks which may result in increased levels of NPAs. 
  • An increase in its portfolio of non-performing assets. 

Company Contact 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: csinvestors@cagrameen.in
Websitehttps://www.creditaccessgrameen.in/

CreditAccess Grameen NCD 2022 Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000
Email: cagl.ncdipo@kfintech.com
Websitehttps://karisma.kfintech.com/

CreditAccess Grameen NCD 2022 Lead Manager(s)

  1. A.K. Capital Services Limited

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