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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