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ECL Finance Limited 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 needs of the corporates, SME s and individuals.

Summary Of Issue:

Issue opens: 13-Dec-18
Issue closes: 11-Jan-19
Allotment: First Come First Serve Basis
F ace Value: Rs. 1000 per NCD
Issue Price: Rs.100 per NCD
Nature of Instrument: Secured NCDs
Minimum Application:  Rs.10,000 (10 NCD)
Listing: BSE
Rating: “AA/Stable” by CRISIL and ICRA
Registrar: Link Intime India Private Limited
Issue Size: Rs 10,000 million

 

Issue Break up:

Category Allocation

Amount in Crs.

Base Issue Total Issue
QIB 20%
Corporate 20% 50 200
HNI 30% 75 300
Retail 30% 75 300
Total 100% 250 1000

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Specific Terms of ECL Finance NCD


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COMMON TERMS FOR ALL SERIES OF THE NCDs

Issuer ECL Finance Limited
Base Issue Rs 2,500 million
Issue Opening Date 13-Dec-18
Issue Closing Date 11-Jan-19
Option to retain Oversubscription Amount Rs 7,500 million
Tranche I Issue Size Rs 10,000 million
Type of Instrument Secured NCDs of face value of Rs. 1,000
Mode of Issue Public Issue
Minimum Application Size Rs. 10,000/‐ only
Credit Rating / Rating of the Instrument The NCDs proposed to be issued under this Issue have been rated ‘CRISIL AA/Stable’ (pronounced as CRISIL double A rating with Stable outlook) for an amount of ` 20,000 million, by CRISIL Limited vide their letter dated November 6, 2018 revalidated by letter dated November 29, 2018 and ‘[ICRA]AA’ (pronounced as ICRA double A) for an amount of Rs. 20,000 million by ICRA Limited vide their letter dated November 12, 2018. The rating of ‘CRISIL AA/Stable’ by CRISIL Limited and ‘[ICRA]AA’ by ICRA Limited indicate that instruments with these ratings are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. These ratings are not recommendations to buy, sell or hold securities and investors should take their own decision. These ratings are subject to revision or withdrawal at any time by the assigning rating agencies and should be evaluated independently of any other ratings.
Put/Call Option N.A.
Mode of Allotment and Trading Compulsorily in dematerialised form.
Deemed Date of Allotment The date on which the Board or Debentures Committee approves the Allotment of NCDs or such date as may be determined by the Board of Directors or Debentures Committee and notified to the Designated Stock Exchange. All benefits relating to the NCDs including interest on the NCDs shall be available to the investors from the Deemed Date of Allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment.
Record Date The date on which the Board or Debentures Committee approves the Allotment of NCDs or such date as may be determined by the Board of Directors or Debentures Committee and notified to the Designated Stock Exchange. All benefits relating to the NCDs including interest on the NCDs shall be available to the investors from the Deemed Date of Allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment.

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Lead Managers To The Issue:-

Axis Bank, IIFL Holdings, Edelweiss Financial Services, Trust Investment Advisors

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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