ECL 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
* 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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