ECL_Finance_Ltd_NCDECL FINANCE LIMITED ANNOUNCED ITS PUBLIC ISSUE OF 5,000,000 SECURED REDEEMABLE NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1,000 EACH (“NCDs”) FOR AN AMOUNT OF `5,000 million (“BASE ISSUE SIZE”) WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UP TO `15,000 million AGGREGATING UP TO 20,000,000 NCDs AMOUNTING TO `20,000 million (“TRANCHE I ISSUE LIMIT”) (“TRANCHE I ISSUE”). 

ECL FINANCE NCD ISSUE IS SCHEDULED FROM JULY 24, 2018 – AUGUST 16, 2018.

INVESTORS CAN GET ALL IMPORTANT INFORMATION AS PRICE, DATE, PROSPECTUS, CREDIT RATING, LISTING, MATURITY, ALLOCATION RATIO, ALLOTMENT STATUS, SUBSCRIPTION DETAILS, APPLICATION FORM, LEAD MANAGERS AND TRUSTEE OF THE ISSUE.

Summary Of Issue:

Issue Open:- July 24, 2018 – August 16, 2018 
Tenure 3, 5 & 10 Years
Interest Rate on NCDs up to 9.85%
Issue Size (Value) Base Issue size Rs.500 Cr + Rs.1500 Cr (oversubscription)  aggrigating upto Rs.2,000 Cr
Issue Price Rs. 1,000 Per NCD
Face Value Rs. 1,000 Per NCD
Minimum Application size Rs 10,000 (10 NCDs) and in multiple of Rs 1,000 thereafter.
Nature of Instrument Secured redeemable non-convertible debentures
Credit Ratings ‘CRISIL AA/Stable’ (pronounced as CRISIL Double A rating with Stable outlook) & ‘[ICRA]AA (stable)’ (pronounced as ICRA double A with Stable outlook).
Listing At BSE & NSE
Basis of Allotment “First come First Serve” Basis
Mode of Issue Both Physical & Demat Form

ECL Finance NCD Allocation Ratio:

Category Size
QIB Portion  20% of the Overall Issue Size
Non Institutional Portion  20% of the Overall Issue Size
HNI Portion  30% of the Overall Issue Size
Retail Individual Investor  30% of the Overall Issue Size

 


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Specific Terms of ECL Finance NCD

ECL Finance NCD

* Benchmark MIBOR (defined below) as Reference Overnight MIBOR published by FBIL computed on an annualised basis. Subject to reset annually based on Overnight MIBOR benchmark rates.

** The Company shall allocate and allot Series II NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.


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ECL Finance NCD Subscription Details

Sr.No. Category No. of Bonds/NCDs  offered/reserved No. of Bonds bid for No of times subscribed
1 Category I (QIB)  1000000 3518220  3.52
2 Category II (NIP)  1000000 795532  0.80
3 Category III (HNI)  1500000 10936739 7.29
 4 Category IV (RII)  1500000 4784141 3.19
  Total  5000000 20034632 4.01

Updated as on 26th July 2018 at 05:00 pm

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Lead Managers To The Issue:-

1. Axis Bank Limited

Axis House, 8th Floor, C-2, Wadia International Centre,

P.B. Marg, Worli, Mumbai – 400 025

Tel.: +91 22 6604 3293

Fax: +91 22 2425 3800

Email: ecljune2018@axisbank.com

Website: www.axisbank.com

Investor Grievance email: sharad.sawant@axisbank.com

Contact Person: Mr. Vikas Shinde

Compliance Officer: Mr. Sharad Sawant

SEBI Regn. No.: INM000006104

CIN: L65110GJ1993PLC020769

 

 

2. Edelweiss Financial Services Limited

Edelweiss House, Off CST Road, Kalina, Mumbai – 400 098

Tel: +91 22 4086 3535

Fax: +91 22 4086 3610

Email: ecl.sncd2018@edelweissfin.com

Investor Grievance Email: customerservice.mb@edelweissfin.com

Website: www.edelweissfin.com

Contact Person: Mr. Lokesh Singhi/Mr. Mandeep Singh

Compliance Officer: Mr. B. Renganathan

SEBI Regn. No.: INM0000010650

CIN: L99999MH1995PLC094641

 

ECL Finance NCD – (Debenture Trustee)

BEACON TRUSTEESHIP LIMITED***

4C&D, Siddhivinayak Chambers, Gandhi Nagar,

Opp. MIG Cricket Club Bandra (East), Mumbai- 400 051

Tel: +91 22 26558759

Fax: +91 22 26558761

Email: vitthal@beacontrustee.co.in

Investor Grievance e-mail: contact@beacontrustee.co.in

Website: www.beacontrustee.co.in

Contact Person: Mr. Vitthal Nawandhar

SEBI Registration Number: IND000000569

CIN: U74999MH2015PLC271288

 

 

Registrar To The Issue:-

LINK INTIME INDIA PRIVATE LIMITED

C- 101 1 st Floor 247 Park

LBS Marg, Vikhroli (West) Mumbai 400083, Maharashtra, India

Tel: +91 22 4918 6200;

Fax: +91 22 4918 6195;

Email: ecl2018ncd@linkintime.co.in

Investor Grievance mail: ecl2018ncd@linkintime.co.in

Website: www.linkintime.co.in

Contact Person: Ms. Shanti Gopalkrishnan

SEBI Registration Number: INR000004058

CIN: U67190MH1999PTC118368

For More Details Contact us 011-42445800 / 9650901058

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