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Comparision between ECL Finance NCD April 2019 and Indiabulls Consumer NCD May 2019.
ECL Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Indiabulls Consumer NCD May 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.
| ECL Finance Limited | Indiabulls Consumer Finance Limited | |
|---|---|---|
| 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 (pronounced as Double A; Outlook: Stable), for an amount of Rs 30,000 million by CARE Ratings Limited vide their letter no. CARE/HO/RL/2018-19/4260 dated December 28, 2018. Further, they have been rated BWR AA+ (pronounced as BWR Double A Plus) (Outlook: Stable), for an amount of Rs 30,000 million by Brickwork Ratings India Private Limited vide their letter no. BWR/NCD/HO/ERC/RB/0615/2018-19 dated January 4, 2019 and instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk. |
| Registrar | Link Intime India Private Ltd | Kfin Technologies Limited |
| Lead Managers | Axis Bank Limited Edelweiss Financial Services Ltd |
A.K. Capital Services Limited Axis Bank Limited Edelweiss Financial Services Ltd Trust Investment Advisors Private Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| 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. Indiabulls Consumer NCD May 2019 issue size is ₹1,000.00 Cr at a issue price of ₹1,000.00 per NCD.
| ECL Finance Limited | Indiabulls Consumer Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹1,000.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹3,000.00 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, BWR AA+/Stable |
| Tenor | 39 Months/ 2 Years/ 5 Years/ 10 Years | 400 days/ 24 months /36 months/ 60 months |
| Series | Series I to Series IX |
Series I to Series IX |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly and Annual |
| Coupon Incentive |
Offering period of ECL Finance NCD April 2019 and Indiabulls Consumer NCD May 2019 is mentioned.
| ECL Finance Limited | Indiabulls Consumer Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | May 10, 2019 | May 30, 2019 |
| Bid/Offer Closes On | May 17, 2019 | Jun 21, 2019 |
In ECL Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors. In Indiabulls Consumer NCD May 2019 QIBs portion includes and offered are offered to retail investors.
| ECL Finance Limited | Indiabulls Consumer Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares | 10,00,000 shares |
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