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

Jul 24, 2018 - Jul 26, 2018
ECL Finance Ltd Logo

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 Open Jul 24, 2018 - Jul 26, 2018
Security Name ECL Finance Ltd
Security Type
Issue Size (Base) Rs 2,000.00 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, 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: https://linkintime.co.in/

ECL Finance NCD July 2018 Lead Manager(s)


36 Comments

36. GIRISHKUMAR JAMIYATRAM PANDYA     Link|Aug 15, 2018 1:04:10 PM
in mf which co's have SWP HIGH RTN & EASY TO INVEST ?
IF ANY NEXT NCD COME IN FUTURE ?
35. Raj jain     Link|Aug 8, 2018 3:31:08 PM
Please tell me the ISIN NO. or BSE code of Edelweiss ncd of 9.85% which will list tomorrow
35.1. stkanlyst     Link|Aug 14, 2018 1:15:15 AM
What is the stock code of ECL finance.
34. ashoke mukhopadhyay     Link|Aug 8, 2018 2:54:17 PM
Listing date 09.08.2018
33. Mohanji     Link|Aug 8, 2018 10:37:03 AM
When is the listing date? Anyone can say please.
32. Irir     Link|Aug 8, 2018 1:13:09 AM
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
31. Mohanji     Link|Aug 7, 2018 9:37:49 PM
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?
31.1. A H T     Link|Aug 8, 2018 1:09:32 AM
check your NSDL/ CDSL account credited on 06/8.
30. Raj jain     Link|Aug 7, 2018 3:45:53 PM
Please tell me the ISIN NO. or BSE code of Edelweiss ncd of 9.85%
30.1. jayatheertha v     Link|Aug 7, 2018 9:05:08 PM
INE804I079Y6
29. Default Investor     Link|Aug 7, 2018 12:49:35 PM
Full Allotment ..... don't know how to react... seems risky..


what is the listing date.....
28. AnkurGoel     Link|Aug 6, 2018 10:14:09 PM
Allotment done. money debited today and NCD credited to demat.
27. amukho     Link|Aug 3, 2018 8:55:13 PM
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?
27.2. DHARMENDRA PRASAD     Link|Aug 6, 2018 2:01:36 PM
"proportional allotment" rules only applicable on day of issue subscribed . After it you cant get any allotment ...
27.3. Dilip Davda     Link|Aug 6, 2018 8:18:52 PM
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.
26. A H T     Link|Aug 6, 2018 8:13:14 PM
Int. recd in bank. Allot not seen @ linkintime site
25. A H T     Link|Aug 6, 2018 8:10:40 PM
Allotment done. recd. Appln. Interest amount credit in bank
.
24. Aishwarya Jain     Link|Aug 4, 2018 11:37:27 AM
When will we get the allotment of ECL NCD
24.1. DHARMENDRA PRASAD     Link|Aug 6, 2018 1:57:51 PM
oN 08/08/2018
23. Samyal     Link|Aug 2, 2018 8:52:09 PM
Which is the next NCD offer coming up?
22. GIRISHKUMAR JAMIYATRAM PANDYA     Link|Jul 25, 2018 12:55:22 PM
FOR NCD INVEST DEMATE A/C REQUIRE COMPULSARY ?
WHICH CO'S GIVE CHEAP & BETTER SERVICE FOR DEMATE A/C
22.1. Navkant     Link|Aug 1, 2018 10:05:01 PM
Upstox or Zerodha
21. ashoke mukhopadhyay     Link|Aug 1, 2018 12:10:07 PM
Allotment of ecl ncd on 08.08.2018 in demat a/c
20. RISHI SAGAR     Link|Jul 30, 2018 8:18:54 PM
Pls update on amt block or not my amt is not block
19. RISHI SAGAR     Link|Jul 30, 2018 8:10:56 PM
PLS UPDATE ON AMOUNT IS BLOCK IN ACCOUNT OR NOT
18. ashoke mukhopadhyay     Link|Jul 29, 2018 1:12:08 PM
Date of listing of ncd.
17. A H T     Link|Jul 26, 2018 9:18:21 PM
ECL Final 400.69% closed 6 pm