Credit Access Grameen Limited is a leading Indian micro-finance institution in India. This company is the largest NBFC- MFI in India in terms of the gross loan portfolio as of March 2022. CA Grameen�s promoter is Credit Access India N.V., a multinational company who operates in the area of in micro and small enterprise financing backed by institutional investors.
As of September 30, 2022, the company have a presence in 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 through 1,684 branches and 16,018 employees, serving active consolidated customer base 132 of 38.0 lakhs, as of September 30, 2022.
Credit Access Grameen Ltd upcoming debt issue details
Issue Open | Nov 14, 2022 - Dec 2, 2022 |
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Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
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Issue Size | Rs 5 billion |
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Issue Price | Rs 1000 per NCD |
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Face Value | Rs 1000 each NCD |
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Minimum Lot size | 10 NCD |
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Market Lot | 1 NCD |
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Listing At | BSE, NSE |
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Credit Rating | IND AA-/Stable by India Ratings & Research Private Limited |
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| Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | ||
Frequency of Interest Payment | Monthly | Cumulative | Monthly | Cumulative | Monthly | Cumulative | ||
Face Value | Rs 1000 | |||||||
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 | ||
Credit Access Grameen Financial Performances
Parameters (Rs billion) | FY21 | FY22 | H1FY23 |
�Income Operation | 20.28 | 20.89 | 12.92 |
PAT | 1.42 | 3.82 | 2.91 |
Net Worth | 35.89 | 39.79 | 42.77 |
GNPA | 4.39% | 3.16% | 1.73% |
NNPA | 1.40% | 0.95% | 0.47% |
CRAR | 31.75% | 25.54% | 28.96% |
Total debt to asset | 69.16% | 70.87% | 68.29% |
Gearing |
| 2.7 | 2.3 |
Credit Positive-
� Leading market player
� Adequate Capitalization
� Better Asset Quality
Credit Negative-
� Risk of microfinance sector
� Geographical concentration of area of operation
� Policy risk