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

Jul 24, 2018 - Jul 26, 2018

Incorporated in 2005, Mumbai based ECL Finance Limited is a leading non-deposit taking NBFC that offers a wide range of corporate and retail loan products. The company's product portfolio includes:

1. Structured Collateralised Credit: It constitutes 25.15% of the total loan book as of March 31, 2018.
2. Wholesale Mortgages: This constitutes 35.46 % of the total loan book of the company as of March 31, 2018.
3. SMEs and others: It constitutes 7.70 % of the total loan book as of March 31, 2018.
4. Loans against securities: It constitutes 21.00 % of the total loan book as of March 31, 2018.
5. Retail Mortgages - It constitutes 6.67 % of the total loan book as of March 31, 2018.
6. Agri Credit: It constitutes 4.02 % of the Company's total loan book as of March 31, 2018.

ECL Finance is a part of the Edelweiss Group, one of prominent financial services organization in India. Edelweiss business is organized around three broad lines - credit including retail finance; franchise & advisory businesses including wealth management, asset management, capital markets, balance sheet management and others, and insurance.

As on March 31, 2018, Edelweiss Group along with three of its subsidiaries held 100% of the paid-up share capital of the company. ECL Finance has a total of 102 branches spread across the country.

The company's total income and profit after tax (PAT) for 2018 was Rs 30,600.27 million and Rs 4,620.47 million, respectively.

ECL Finance NCD July 2018 Detail

Issue OpenJul 24, 2018 - Jul 26, 2018
Security NameECL Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 2,000.00 Crores
Issue Size (Shelf)Rs [.] Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot10 NCD
Listing AtBSE, NSE
Credit Rating
Tenor
Series
Payment Frequency
Basis of Allotment

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.

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 36 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 9.25% to 9.85% depending on the selection of investors.

Useful Links

Issue Closed Early

The public issue was suppose to close on 16 Aug but as the issue fully subscribed in just 2 days, issue closed on 26 Jul 2018.

ECL Finance NCD July 2018 Prospectus

ECL Finance NCD July 2018 Rating

44
3.5
Rating:Rated 3.5 stars

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ECL Finance NCD July 2018 Reviews

Company Contact Information

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

ECL Finance NCD July 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
Email: ecl2018ncd@linkintime.co.in
Website: http://www.linkintime.co.in

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36 Comments

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36. GIRISHKUMAR JAMIYATRAM PANDYA  Aug 15, 2018 12:04 Reply
in mf which co's have SWP HIGH RTN & EASY TO INVEST ?
IF ANY NEXT NCD COME IN FUTURE ?
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35. Raj jain  Aug 8, 2018 14:31 Reply
Please tell me the ISIN NO. or BSE code of Edelweiss ncd of 9.85% which will list tomorrow
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35.1. stkanlyst  Aug 14, 2018 00:15
What is the stock code of ECL finance.
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34. ashoke mukhopadhyay  Aug 8, 2018 13:54 Reply
Listing date 09.08.2018
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33. Mohanji  Aug 8, 2018 09:37 Reply
When is the listing date? Anyone can say please.
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32. Irir  Aug 8, 2018 00:13 Reply
INR 438.36 credited to your A/c No XXXXXXXXXXX on 06/08/18 through NEFT with UTR 0001XXXXXXXX by ECL NCD PUBLIC ISSUE REFUND ACCOUN
MERA AMMOUNT ABHI DEBIT HI HE
KOI BTA SAKTA HE MUJE ALLOTMENT MILA YA NAHI
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31. Mohanji  Aug 7, 2018 20:37 Reply
Dear admin,
My money has been deducted for ecl NCD allotment. However, still it has not been credited to my demat account. What to do?
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31.1. A H T  Aug 8, 2018 00:09
check your NSDL/ CDSL account credited on 06/8.
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30. Raj jain  Aug 7, 2018 14:45 Reply
Please tell me the ISIN NO. or BSE code of Edelweiss ncd of 9.85%
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30.1. jayatheertha v  Aug 7, 2018 20:05
INE804I079Y6
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29. Default Investor  Aug 7, 2018 11:49 Reply
Full Allotment ..... don't know how to react... seems risky..


what is the listing date.....
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28. AnkurGoel  Aug 6, 2018 21:14 Reply
IPO Mentor IPO Mentor (900+ Posts, 800+ Likes)
Allotment done. money debited today and NCD credited to demat.
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27. amukho  Aug 3, 2018 19:55 Reply
i understand issue is oversubscribed. If i subscribe now, will they allot me as proportional allotment, or it is first come first serve basis and nothing will be allotted to me?
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27.2. DHARMENDRA PRASAD  Aug 6, 2018 13:01
"proportional allotment" rules only applicable on day of issue subscribed . After it you cant get any allotment ...
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27.3. Dilip Davda  Aug 6, 2018 19:18
Issue got more than its shelf limit and closed on 26th July 2018 itself. It has first come - first serve basis allotment. Since it is closed with little over self limit, chances of full allotment expected for successful retail bidders. As per reports, it got Rs. 2003.4 crore subscription against shelf limit of Rs. 2000 crore. HNI category may invite lottery system due to over subscription.
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26. A H T  Aug 6, 2018 19:13 Reply
Int. recd in bank. Allot not seen @ linkintime site
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25. A H T  Aug 6, 2018 19:10 Reply
Allotment done. recd. Appln. Interest amount credit in bank
.
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24. Aishwarya Jain  Aug 4, 2018 10:37 Reply
When will we get the allotment of ECL NCD
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24.1. DHARMENDRA PRASAD  Aug 6, 2018 12:57
oN 08/08/2018
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23. Samyal  Aug 2, 2018 19:52 Reply
Which is the next NCD offer coming up?
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22. GIRISHKUMAR JAMIYATRAM PANDYA  Jul 25, 2018 11:55 Reply
FOR NCD INVEST DEMATE A/C REQUIRE COMPULSARY ?
WHICH CO'S GIVE CHEAP & BETTER SERVICE FOR DEMATE A/C
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22.1. Navkant  Aug 1, 2018 21:05
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Upstox or Zerodha
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21. ashoke mukhopadhyay  Aug 1, 2018 11:10 Reply
Allotment of ecl ncd on 08.08.2018 in demat a/c
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20. RISHI SAGAR  Jul 30, 2018 19:18 Reply
Pls update on amt block or not my amt is not block
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19. RISHI SAGAR  Jul 30, 2018 19:10 Reply
PLS UPDATE ON AMOUNT IS BLOCK IN ACCOUNT OR NOT
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18. ashoke mukhopadhyay  Jul 29, 2018 12:12 Reply
Date of listing of ncd.
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17. A H T  Jul 26, 2018 20:18 Reply
ECL Final 400.69% closed 6 pm



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