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ECL Finance Ltd NCD (ECL Finance NCD Dec 2018) Detail

Dec 13, 2018 - Dec 11, 2018

Incorporated in 2005, Mumbai based ECL Finance Limite 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

Company Promoters:

The promoter of the company is Edelweiss Financial Services Limited.

Objects of the Issue:

The objects of the issue are-

1. For the purpose of onward lending and for repayment of interest and principal of existing loans; and
2. General Corporate Purposes.

Issue Detail:

  »»  Issue Open: Dec 13, 2018 - Dec 11, 2018
  »»  Issue Type: Fixed Price Issue NCD
  »»  Issue Size: NCD's of Rs. 1000
  »»  Issue Size: Rs. 1,000.00 Crore
  »»  Face Value: Rs. 1000 Per NCD
  »»  Issue Price: Rs. 1000 Per NCD
  »»  Market Lot: 1 NCD
  »»  Minimum Order Quantity: 10 NCD
  »»  Listing At: BSE, NSE

NCD Rating

This issue is graded as CRISIL AA and ICRA AA (Stable), indicating a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Offerings

The company is offering tenure of 39 months, 60 months and 120 months with interest payment option on Monthly, Annually or Cumulative basis as per the choice of investors. The coupon rate is ranging from 9.95% to 10.64% depending on the selection of investors.

Company Contact Information

ECL Finance Ltd
Edelweiss House,
Off. C.S.T Road,
Kalina, Mumbai 400098
Phone: +91 22 4009 4400
Fax: +91 22 4086 3661
Email: Eclfdebtipo@edelweissfin.com
Website: http://www.edelweissfin.com

ECL Finance NCD Dec 2018 Rating

13
3.9
Rating:Rated 3.9 stars

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ECL Finance NCD Dec 2018 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
Fax: +91-22-4918 6060
Email: ecl2018ncd@linkintime.co.in
Website: http://www.linkintime.co.in

ECL Finance NCD Dec 2018 Lead Manager(s)

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ECL Finance NCD Dec 2018 Comments

avatar
2. deb  Dec 7, 2018 07:59 Reply
End date should be corrected to Jan 11 2019 :-) in header
avatar
2.1. bcskal  Dec 15, 2018 06:18
Dear friends,
Yes, I also observed that the closing date is given as 11.12.2018, which is NOT correct. It should have been 11.01.2019. I request the Admn. people to correct the same. Thanks.
avatar
1. Iqbal  Dec 13, 2018 06:50 Reply
How apply online any NCD through PNB Banking
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