Comparison between ECL Finance NCD April 2019 and Shriram Transport Finance NCD July 2019.
ECL Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Shriram Transport Finance NCD July 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| ECL Finance Ltd. | Shriram Transport Finance Co.Ltd. | |
|---|---|---|
| Logo |  |  |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing At | BSE | BSE, NSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | ||
| RHP (Base) | RHP  | RHP |
| DRHP (Shelf) | DRHP (Shelf) | DRHP (Shelf) |
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated "CARE AA; Positive" (pronounced as CARE AA with Positive outlook) for an amount of Rs 20,000 million, by CARE Ratings Limited vide their letter dated April 10, 2019 and "CRISIL AA/Stable" (pronounced as CRISIL double A rating with Stable outlook) for an amount of Rs 20,000 million, by CRISIL Limited vide their letter dated April 18, 2019. | The NCDs proposed to be issued under this Issue have been rated 'CARE AA+; Stable' by CARE Ratings Limited ("CARE") for an amount of up to Rs. 10,00,000 lacs vide its letter dated June |
| Registrar | MUFG Intime India Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Lead Managers | Edelweiss Financial Services Ltd. Axis Bank Ltd. | SMC Capitals Ltd. JM Financial Ltd. A.K.Capital Services Ltd. |
| Debenture Trustees | ||
| NRI Allowed | No | Yes |
| Allotment Link | Allotment Link | Allotment Link |
Comparison between Issue size, Issue price, Face value, Market lot and other details of the NCDs. ECL Finance NCD April 2019 issue size is ₹300.00 Cr at an issue price of ₹1,000.00 per NCD. Shriram Transport Finance NCD July 2019 issue size is ₹300.00 Cr at a issue price of ₹1,000.00 per NCD.
| ECL Finance Ltd. | Shriram Transport Finance Co.Ltd. | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹300.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹10,000.00 Cr |
| Issue Price | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Face Value | ₹1,000.00 per NCD | ₹1,000.00 per NCD |
| Minimum Lot size | 10 NCD | 10 NCD |
| Market Lot | 1 NCD | 1 NCD |
| Credit Rating | CARE AA/Positive, CRISIL AA/Stable | CARE AA+/Stable, CRISIL AA+/Stable |
| Tenor | 39 Months/ 2 Years/ 5 Years/ 10 Years | Annual, Cumulative, and Monthly |
| Series | Series I to Series IX | Series I to Series X |
| Payment Frequency | Monthly, Annual and Cumulative | 30 months/42 months/60 months/84 months |
Offering period of ECL Finance NCD April 2019 and Shriram Transport Finance NCD July 2019 is mentioned.
| ECL Finance Ltd. | Shriram Transport Finance Co.Ltd. | |
|---|---|---|
| Bid/Offer Opens On | May 10, 2019 | Jul 17, 2019 |
| Bid/Offer Closes On | May 17, 2019 | Aug 16, 2019 |
In ECL Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors. In Shriram Transport Finance NCD July 2019 QIBs portion includes and offered are offered to retail investors.
| ECL Finance Ltd. | Shriram Transport Finance Co.Ltd. | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares | 30,00,000 shares |
