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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 First Come First Serve Basis

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

16. Jaspreet Singh Oberoi     Link|Jul 26, 2018 3:31:09 PM
Issue will close today ie 26th Jul, 2018.
15. ashoke mukhopadhyay     Link|Jul 26, 2018 1:24:55 PM
Ecl finance is not fully su
bscribed.
15.1. A H T     Link|Jul 26, 2018 3:25:04 PM
3.73 times 2PM
Issue 500(1time) to retain 1500 additional. = oversubscribed. will get FULL allotment
14. ranviraaj     Link|Jul 26, 2018 2:57:18 PM
It's getting early closed by end of day today
13. A H T     Link|Jul 26, 2018 1:35:32 PM
ECL 3.67 times @ 12.15 closing 26/7 today
12. ashoke mukhopadhyay     Link|Jul 26, 2018 1:24:36 PM
Ecl finance is not fully su
bscribed
11. A H T     Link|Jul 25, 2018 6:18:33 PM
3.60 times @ 5.00pm 25/7/2018
10. A H T     Link|Jul 25, 2018 3:52:04 PM
ECL 3.5 times @ 2.30 PM 25/7
9. ashoke mukhopadhyay     Link|Jul 25, 2018 2:19:39 PM
Total ncd. Subsribed till 1pm on 25.07.2018.
8. invstr     Link|Jul 24, 2018 4:00:06 PM
could anyone tell me please how to apply for ncds. I have trading account with Zerodha and sba in SBI and ICICI. Thanks in advance.
8.4. AnkurGoel     Link|Jul 24, 2018 11:18:42 PM
@bcskal , there is no problem in your post. I am saying to invstr that he must read your post before asking how to apply. You posted detailed steps already to apply from SBI account.
8.5. invstr     Link|Jul 25, 2018 11:48:52 AM
@AnkurGoel Yes, I read it before posting.
Last time when I went to my SBI account to apply for DHFL ncds, IPO(debt) was empty. Nothing was shown up there. whereas in ICICI, 'Invest in IPO' was showing only equities.
I can see ECLFL ncd in SBI this time. my bad that i didn't check everything in accnt again this time before posting. Apology!

In ICICI should ncds/debt be visible under "INVESTMENTS & INSURANCE> INVEST IN IPO" or smwhere else. Thanks
7. A H T     Link|Jul 24, 2018 6:16:59 PM
5 PM 3.266 Times subscribed may close on 26/7
6. A H T     Link|Jul 24, 2018 6:15:36 PM
5 PM 3.266 Times
5. A H T     Link|Jul 24, 2018 6:15:16 PM
5 PM 3.266 Times
4. ashoke mukhopadhyay     Link|Jul 24, 2018 4:14:58 PM
Ecl finance subscription figure till 3pm on 24.07.2018
3. A H T     Link|Jul 24, 2018 2:03:50 PM
72.96% @ 1.00 PM
2. bcskal     Link|Jul 23, 2018 6:23:32 PM
First, create a nickname for your name & give your DPID-CLIENT ID details, in the onlinesbi.com E-services--Demat & ASBA services--IPO(debt) section.
Then you should have sufficient money in your SB a/c of the SBI. Then goto e-services--Demat & ASBA services--IPO(debt)--Apply IPO--Accept. That's all. Then you have to select the debt(IPO), which you want to apply for it. Meanwhile,
Then on the onlinesbi.com(as told above), enter the nickname, series no. of the given NCD, how many nos. you want to apply etc. etc. That's it. The corresponding amount will be blocked from your a/c. On the date of allotment of the NCD, the money will be released and NCDs will be credited to your demat a/c. Thanks.
1. Brijesh Valera     Link|Jul 20, 2018 3:19:03 PM
Can anyone please help me to know that How should I apply NCD online through net banking/trading account? I have SBI net banking linked with my SBI Demat account. How can I apply through onlinesbi/sbismart?
1.1. A H T     Link|Jul 20, 2018 5:54:16 PM
Login sbi go for asba application DEBT Issue. (same as equity). you will able to see details on 24/7