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ECL Finance Limited is non-banking financial services including financing, money lending, bill discounting, factoring, and corporate lending with or without securities.
ECLFL 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 customized to suit the needs of the corporates, SMEs and individuals. The company is a part of the Edelweiss Group which is one of India�s prominent financial services organization having businesses organized around four broad lines � Credit including Retail Finance and debt capital markets; Commodities; Financial Markets including Asset Management and Life Insurance services.
Issue Open | February 26, 2015 - March 16, 2015 |
Security Name | ECL Finance Ltd |
Security Type | |
Issue Size (Base) | Rs 400.00 Crores |
Issue Size (Shelf) | Rs [.] Crores |
Issue Price | Rs 1000 per NCD |
Face Value | Rs 1000 each NCD |
Minimum Lot size | 10 NCD |
Market Lot | 10 NCD |
Listing At | BSE |
Credit Rating | |
Tenor | |
Series | |
Payment Frequency | |
Basis of Allotment | First Come First Serve Basis |
The funds raised through this Issue, after meeting the expenditures of and related to the Issue, will be used for the financing activities including lending and investments, subject to applicable statutory and/or regulatory requirements, to repay their existing loans and their business operations including for their capital expenditure and working capital requirements.
This issue is graded as CRISIL AA and ICRA AA (Stable), indicating at a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
The company is offering six options for this offer with tenure of 36 months and 60 months with interest payment option on Monthly, Annually or Cumulative basis as per the choice of investors. Coupon rate is ranging from 10% to 10.60% depending on the selection of option and giving an effective yield ranging from 10.45% to 10.64%.
ECL Finance Ltd
Edelweiss House,
Off. C.S.T Road,
Kalina, Mumbai 400098
Phone: +91 22 4009 4400
Email: Eclfdebtipo@edelweissfin.com
Website: http://www.edelweissfin.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: ecl.ncd@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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