ECL Finance Limited NCD (ECL Finance NCD April 2019) Detail

May 10, 2019 - May 17, 2019

Incorporated in 2005, Mumbai based ECL Finance Limited is a leading systemically important non-deposit taking NBFCs. The company is a part of the Edelweiss Group, one of India's prominent financial services organization.

The company is focused on offering a wide range of secured corporate and retail loan products to corporates, SMEs and individuals.

The company's loan product portfolio includes-

1. Structured Collateralised Credit
2. Wholesale Mortgages
3. SMEs and others
4. Loans against securities
5. Retail Mortgages
6. Agri Credit

ECL's income from operations grew at a CAGR of 39.32% from Rs 8,122.76 million in 2014 to Rs 30,600.27 million in 2018. The PAT grew at a CAGR of 30.35% from Rs 1,600.44 million in 2014 to Rs 4,620.47 million in 2018. The loan book grew by 37.84% from Rs 60,959.79 million in 2014 to Rs 220,081.23 million in 2018.

Key Strengths of the Company-

1. Established brand as a part of Edelweiss Group
2. Wide network with over 100 branches across India
3. Track record of high growth and profitability
4. Secured loan book with good asset quality

ECL Finance NCD April 2019 Detail

Issue OpenMay 10, 2019 - May 17, 2019
Security NameECL Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 300.00 Crores
Issue Size (Shelf)Rs 2,000.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCARE AA/Positive, CRISIL AA/Stable
Tenor39 Months/ 2 Years/ 5 Years/ 10 Years

Series I to Series IX

Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentPriority Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 10%
Category 20%
Category 30%
Category 40%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1300,000
Category 2300,000
Category 3450,000
Category 4450,000
Total NCD's1,500,000

Coupon Rates

Coupon rates for series 1 to 9

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6 Series 7 Series 8 Series 9
Frequency of Interest Payment Annual Cumulative Annual Cumulative Monthly Annual Cumulative Monthly Annual
Tenor 24 months 24 months 39 months 39 months 60 months 60 months 60 months 120 months 120 months
Coupon Rate 9.90% NA 10.20% NA 9.95% 10.40% NA 9.95% 10.40%
Amount on Maturity Rs 1,000 Rs 1,208.11 Rs 1,000 Rs 1,371.81 Rs 1,000 Rs 1,000 Rs 1,640.90 Rs 1,000 Rs 1,000

NCD Rating Detail

The NCDs proposed to be issued under this Issue have been rated "CARE AA; Positive" (pronounced as CARE AA with Positive outlook) for an amount of ?20,000 million, by CARE Ratings Limited vide their letter dated April 10, 2019 and "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 April 18, 2019.

Company Promoters:

Edelweiss Financial Services Limited is the promoter of the company.

Objects of the Issue:

The Company proposes to utilise the funds for following objects:

1. For the purpose of onward lending and for repayment of interest and principal of existing loans; and
2. For general corporate purposes.

ECL Finance NCD April 2019 Prospectus

ECL Finance NCD April 2019 Rating

Rating:Rated 4.0 stars

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ECL Finance NCD April 2019 Reviews

Company Contact Information

ECL Finance Limited
Edelweiss House,
Off. C.S.T Road, Kalina,
Mumbai 400098, Maharashtra

Phone: +91 22 4009 4400

ECL Finance NCD April 2019 Registrar

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

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2. DBS  May 9, 2019 14:19
What are the charges of bank if asba is not honoured?
1. PSR  Apr 27, 2019 17:52
This Company already mobilised money through NCDs during

13-12-2018 to 05-01-2019
24-07-2018 to 26-07-2018
26-02-2015 to 16-03-2015
14-06-2014 to 02-07-2014
16-01-2014 to 27-01-2014.

Whether the financials of the company justify the servicing of these borrowings?


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