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.
The promoter of the company is Edelweiss Financial Services Limited.
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 Open: Jul 24, 2018 - Jul 26, 2018
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: 20,000,000 NCD's of Rs. 1000
»» Issue Size: Rs. 2,000.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 10 NCD
»» Minimum Order Quantity: 10 NCD
»» Listing At: BSE, NSE
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.
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.
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.
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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
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