ECL Finance Ltd is one of the leading systemically important non-deposit taking NBFCs, focused on offering a broad suite of secured corporate loan products, retail loan products which are customised to suit the needs of the corporates, SMEs and individuals. Company’s corporate and retail loan products include:

  • Structured Collateralised Credit
  • Wholesale Mortgages
  • SMEs and Others
  • Loans Against Securities
  • Retail Mortgages – Loans against Property
  • Agri Credit

Company is part of the Edelweiss Group which is one of India’s prominent financial services organization having businesses organized around three broad lines – credit including retail finance; franchise & advisory businesses including wealth management, asset management, capital markets, balance sheet management and others, and insurance business.<

ECL Finance Limited NCD – Issue Details:
Issuer ECL Finance Limited
Issue Type Secured Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Friday, May 10, 2019
Issue Closes: Friday, June 07, 2019
Coupon Rate 10.40% p.a *
Issue Size Base Issue of Rs. 150 Crores with an option to retain oversubscription up to Rs. 150 Crores aggregating upto 3,000,000 NCDs amounting to Rs.300 Crores (“Tranche I Issue Limit”) (“Tranche I Issue”) which is within the Shelf Limit of Rs. 2,000 Crores.
Face Value Rs. 1,000 per NCD
Minimum Application Size 10 NCDs (Rs. 10,000) and in the multiple of One NCD thereafter
Credit Rating “CARE AA; Positive” and “CRISIL AA/Stable”
Mode of Allotment & Trading In Dematerialised Form
QIB 20% of issue size
Corporate 20% of issue size
HNI 30% of issue size
Retail Individual 30% of issue size
Listing BSE and NSE
Depositories NSDL & CDSL
Registrar Link Intime India Private Limited
Book Running Lead Managers Edelweiss Financial Services Limited, Axis Bank Limited
* Highest yield

 

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