{"id":4960,"date":"2022-11-11T13:38:54","date_gmt":"2022-11-11T13:38:54","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=4960"},"modified":"2026-04-14T04:47:34","modified_gmt":"2026-04-14T04:47:34","slug":"creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/","title":{"rendered":"CREDITACCESS GRAMEEN LIMITED &#8211; NCD IPO &#8211; SHOULD YOU INVEST, NOV 2022"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>High Yield\u00a0|\u00a0AA- \/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">CreditAccess Grameen Limited<\/span> <span style=\"font-weight: 400;\">is issuing the <strong>Non-Convertible Debentures<\/strong>. These NCDs are AA- Stable by IND. The NCDs are being issued in three series: coupon ranges from 9.45% to 10.46% p.a. and different<a href=\"https:\/\/goldenpi.com\/blog\/sovereign-gold-bond\/what-is-the-tenure-or-maturity-period-of-sovereign-gold-bonds\/\"> tenures<\/a> of 2 years, 3 years and 5 years. The NCDs are secured and redeemable in nature. <\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4982\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/14052644\/Group-91-270x300.png\" alt=\"Investments Credit Access Grameen Ltd IPO\" width=\"607\" height=\"674\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/14052644\/Group-91-270x300.png 270w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/14052644\/Group-91-1170x1302.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/14052644\/Group-91-585x651.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/14052644\/Group-91.png 1305w\" sizes=\"(max-width: 607px) 100vw, 607px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/#CreditAccess_Grameen_Limited_NCD_IPO_Coupon_Rates_and_Effective_Yield_for_Each_of_the_Series\" >CreditAccess Grameen Limited NCD IPO: Coupon Rates and Effective Yield for Each of the Series\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/#Allocation_Ratio\" >Allocation Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/#Objects_of_the_Issue\" >Objects of the Issue<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/#Financial_Overview\" >Financial Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/#Issue_Analysis\" >Issue Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/#To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\" >To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/#About_CreditAccess_Grameen_Limited\" >About CreditAccess Grameen Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/#Strengths\" >Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/#Weakness\" >Weakness<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"CreditAccess_Grameen_Limited_NCD_IPO_Coupon_Rates_and_Effective_Yield_for_Each_of_the_Series\"><\/span><strong>CreditAccess Grameen Limited NCD IPO: Coupon Rates and Effective Yield for Each of the Series\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4963\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131112\/Specific-terms-300x92.jpg\" alt=\"Credit Access Grameen Ltd NCD IPO Coupon Rates and Effective Yield\" width=\"671\" height=\"206\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131112\/Specific-terms-300x92.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131112\/Specific-terms-1024x315.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131112\/Specific-terms-768x236.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131112\/Specific-terms-1170x360.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131112\/Specific-terms-585x180.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131112\/Specific-terms.jpg 1332w\" sizes=\"(max-width: 671px) 100vw, 671px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><strong>Allocation Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The allocation ratio is prepared based on norms laid down by <a href=\"https:\/\/www.sebi.gov.in\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>SEBI<\/strong><\/a>. Before announcing the allocation ratio, the same has to be approved by SEBI.\u00a0 Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for <strong>CreditAccess Grameen Limited NCD-IPO.\u00a0<\/strong><\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4964\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131330\/Picture7-300x178.png\" alt=\"Allocation Ratio of Credit Access Grameen Ltd NCD IPO\" width=\"534\" height=\"317\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131330\/Picture7-300x178.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131330\/Picture7-1024x608.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131330\/Picture7-768x456.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131330\/Picture7-1536x912.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131330\/Picture7-1170x695.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131330\/Picture7-585x348.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131330\/Picture7.png 1653w\" sizes=\"(max-width: 534px) 100vw, 534px\" \/><\/p>\n<h4><b>Investment Process for CreditAccess Grameen Limited NCD IPO<\/b><\/h4>\n<p><em><strong>You can invest in IPOs via GoldenPi in 3 easy steps <\/strong><\/em><strong>\ud83e\udd29<\/strong><em><strong>.<\/strong><\/em><\/p>\n<p><b>If the<a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/investment-options-for-capital-preservation-in-2026\/\"> investment<\/a> amount is\u00a0 less than &amp; up to 10 lakhs,<\/b><span style=\"font-weight: 400;\"> retail investors can apply for an IPO online.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4965\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131615\/1-2-300x137.jpg\" alt=\"Investment amount is less than &amp; up to 10 lakhs for NCD IPO\" width=\"563\" height=\"257\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131615\/1-2-300x137.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131615\/1-2-768x351.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131615\/1-2-585x267.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131615\/1-2.jpg 887w\" sizes=\"(max-width: 563px) 100vw, 563px\" \/><\/p>\n<p><b><i>If the investment amount is more than 10 Lakhs.<\/i><\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4966\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131658\/2-1-300x143.jpg\" alt=\"Investment amount is more than 10 Lakhs. for NCD IPO\" width=\"560\" height=\"267\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131658\/2-1-300x143.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131658\/2-1-768x367.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131658\/2-1-585x279.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131658\/2-1.jpg 890w\" sizes=\"(max-width: 560px) 100vw, 560px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Objects_of_the_Issue\"><\/span><b>Objects of the Issue<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4967\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131749\/objects-of-the-issue-300x52.jpg\" alt=\"Objects of the Issue of NCD IPO\" width=\"658\" height=\"114\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131749\/objects-of-the-issue-300x52.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131749\/objects-of-the-issue-1024x178.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131749\/objects-of-the-issue-768x134.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131749\/objects-of-the-issue-1170x204.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131749\/objects-of-the-issue-585x102.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11131749\/objects-of-the-issue.jpg 1333w\" sizes=\"(max-width: 658px) 100vw, 658px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Snapshot stating the Revenue, Expenses, Net Worth and PAT<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(Amount in Rs. Cr)<\/span><img decoding=\"async\" class=\"aligncenter wp-image-4968\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132158\/Revenue-300x53.jpg\" alt=\"Financial Overview of NCD IPO\" width=\"646\" height=\"114\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132158\/Revenue-300x53.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132158\/Revenue-1024x182.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132158\/Revenue-768x136.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132158\/Revenue-585x104.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132158\/Revenue.jpg 1086w\" sizes=\"(max-width: 646px) 100vw, 646px\" \/><\/p>\n<p><b>Cash flow for last 5 years<\/b><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span><span style=\"font-weight: 400;\">(Amount in Rs. Cr)<\/span><img decoding=\"async\" class=\"aligncenter wp-image-4969\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132425\/Cashflow-300x39.jpg\" alt=\"Cash flow of NCD IPO\" width=\"647\" height=\"84\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132425\/Cashflow-300x39.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132425\/Cashflow-1024x133.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132425\/Cashflow-768x100.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132425\/Cashflow-1170x152.jpg 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132425\/Cashflow-585x76.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132425\/Cashflow.jpg 1345w\" sizes=\"(max-width: 647px) 100vw, 647px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">*Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><span style=\"font-weight: 400;\">***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects <\/span><span style=\"font-weight: 400;\">the net flows of cash that are used to fund the company.<\/span><\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Ratio Analysis<\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4970\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132557\/Table-Format-Muthott-01-300x263.jpg\" alt=\"Ratio Analysis of NCD IPO by Golden Pi\" width=\"682\" height=\"598\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132557\/Table-Format-Muthott-01-300x263.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132557\/Table-Format-Muthott-01-768x672.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132557\/Table-Format-Muthott-01-585x512.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11132557\/Table-Format-Muthott-01.jpg 900w\" sizes=\"(max-width: 682px) 100vw, 682px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_Analysis\"><\/span><b>Issue Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Pros\u00a0<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The NCD is <strong>AA- rated security<\/strong> with a stable outlook.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coupon rate is between 9.45% to 10% which is much higher than FDs.<\/span><\/li>\n<\/ul>\n<p><strong>Cons\u00a0<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interest Coverage ratio has been decreasing indicating that the company might not be able to service its <a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/what-are-the-interest-rates-offered-by-nbfc-bonds\/\">interest<\/a> payments with its operating income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cash flow to debt is falling drastically stating that the NBFC might not be able to service its debt obligations with its operating cash flows.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-better-return-fds\"><b>To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"About_CreditAccess_Grameen_Limited\"><\/span><b>About CreditAccess Grameen Limited<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Founded in 1993, CreditAccess Grameen Limited was an NGO that was later transformed into a NBFC in 2007-08 under the guidance of Mrs. Vinatha M Reddy. In FY2014, CreditAccess India acquired a majority stake of about 74% in this company. Headquartered in Bangalore, the company is considered as the largest NBFC- MFI (Micro Finance Institutions) in India. The company is popularly known as \u201cGrameen Koota\u201d which means \u201crural group\u201d in Kannada.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Business Verticals-<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-4971\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11133227\/DC-300x165.jpg\" alt=\"About CreditAccess Grameen Limited\" width=\"402\" height=\"221\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11133227\/DC-300x165.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11133227\/DC.jpg 579w\" sizes=\"(max-width: 402px) 100vw, 402px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>FY-2022<\/strong><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Consolidated Customer Base- 30.8 Lakhs<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Loans Offered &#8211; 10,826<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Gross Asset Under Management &#8211; Rs. 16,539.11 Cr<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Touch Branches &#8211; 1684 in 333 districts of 14 states\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Total Employees &#8211; 16,018+<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Largest NBFC in Microfinance institution with rural borrowers accounting for almost 85% of its total customer base.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Liquidity position the company stands strong as it has been backed by the healthy monthly collections observed in the last few months.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Low GNPA rates (3.1% as on FY2022) backed by adequate provisioning cover reflects effective risk management of the company.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The portfolio of CreditAccess Grameen is expected to grow by 25% on a year on year basis in FY2023<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Weakness\"><\/span><b>Weakness<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regionally concentrated, as on 31st March 2022, 70% of the total loan portfolio was from Karnataka, Maharashtra and Tamil Nadu.<\/span><\/li>\n<\/ul>\n<h4 style=\"text-align: center;\"><a href=\"https:\/\/goldenpi.com\/bond-ipo-online\"><b>Invest in Bond IPO online in just 5 minutes<\/b><\/a><\/h4>\n<div id=\"footable_parent_7843\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <div class=\"pcrstb-wrap\"><table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"7843\" data-filter-delay=\"1000\" aria-label=\"IPO Table - CreditAccess.csv\"            id=\"footable_7843\"\n           data-unique_identifier=\"ninja_table_unique_id_1127406830_7843\"\n           class=\" foo-table ninja_footable foo_table_7843 ninja_table_unique_id_1127406830_7843 ui table  nt_type_legacy_table selectable striped vertical_centered  footable-paging-right ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                            <col class=\"ninja_column_4 \">\n                            <col class=\"ninja_column_5 \">\n                            <col class=\"ninja_column_6 \">\n                    <\/colgroup>\n        <thead>\n<tr class=\"footable-header\">\n                                                                                                                        <th scope=\"col\"  class=\"ninja_column_0 ninja_clmn_nm_details \">Details <\/th><th scope=\"col\"  class=\"ninja_column_1 ninja_clmn_nm_maximumyield \">Maximum yield<\/th><th scope=\"col\"  class=\"ninja_column_2 ninja_clmn_nm_overallissuesize \">Overall Issue Size\t<\/th><th scope=\"col\"  class=\"ninja_column_3 ninja_clmn_nm_creditrating \">Credit Rating<\/th><th scope=\"col\"  class=\"ninja_column_4 ninja_clmn_nm_startdate \">Start Date<\/th><th scope=\"col\"  class=\"ninja_column_5 ninja_clmn_nm_closingdate \">Closing Date<\/th><th scope=\"col\"  class=\"ninja_column_6 ninja_clmn_nm_formoredetails \">For more details<\/th><\/tr>\n<\/thead>\n<tbody>\n\n        <tr data-row_id=\"138\" class=\"ninja_table_row_0 nt_row_id_138\">\n            <td>Credit Access NCD IPO November 2022<\/td><td>10.45%%<\/td><td>500 cr<\/td><td>IND AA- (Stable) <\/td><td>November 14, 2022<\/td><td>December 2, 2022<\/td><td><a   class=\"nt_btn \" style=\"\" rel=\"\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/\">More Details <\/a><\/td>        <\/tr>\n    <\/tbody><!--ninja_tobody_rendering_done-->\n    <\/table><\/div>\n    \n    \n    \n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>High Yield\u00a0|\u00a0AA- \/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only &nbsp; CreditAccess Grameen Limited is issuing the Non-Convertible Debentures. These NCDs are AA- Stable by&hellip;<\/p>\n","protected":false},"author":4,"featured_media":4961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[113],"tags":[],"class_list":["post-4960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ncd-ipo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CREDITACCESS GRAMEEN LIMITED - NCD IPO - SHOULD YOU INVEST, NOV 2022 - GoldenPi | Blogs<\/title>\n<meta name=\"description\" content=\"CREDITACCESS GRAMEEN LIMITED - NCD IPO - SHOULD YOU INVEST, NOV 2022\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CREDITACCESS GRAMEEN LIMITED - NCD IPO - SHOULD YOU INVEST, NOV 2022 - GoldenPi | Blogs\" \/>\n<meta property=\"og:description\" content=\"CREDITACCESS GRAMEEN LIMITED - NCD IPO - SHOULD YOU INVEST, NOV 2022\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/creditaccess-grameen-limited-ncd-ipo-should-you-invest-nov-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"GoldenPi | Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goldenpitech\" \/>\n<meta property=\"article:author\" content=\"goldenpitech\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-11T13:38:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-14T04:47:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/11125458\/Blog-Banner-100.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1161\" \/>\n\t<meta property=\"og:image:height\" content=\"551\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abhijit Roy, CEO &amp; 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