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ECL Finance Ltd is one of the leading systemically important non-deposit taking NBFCs, focused on offering a broad suite of secured corporate loan products, retail loan products which are customised to suit the needs of the corporates, SMEs and individuals. Company’s corporate and retail loan products include: Structured Collateralized Credit, Wholesale Mortgages, SMEs and others, ESOP and Margin Funding Loans, Retail Mortgages-Loans against Property and Agri Credit

Company is part of the Edelweiss Group which is one of India’s prominent financial services organization having businesses 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 business.

Total income and profit after tax (PAT) of the Company for the financial year ended March 31, 2018 was Rs. 30,600.27 million and Rs. 4,620.47 million, respectively. The Company’s income from operations witnessed a CAGR of 39.32% from Rs. 8,122.76 million in FY2014 to Rs. 30,600.27 million in FY2018 and PAT witnessed a CAGR of 30.35 % from Rs. 1,600.44 million in FY 2014 to Rs. 4,620.47 million in FY 2018. The Loan Book as per Ind GAAP of the Company has witnessed a CAGR of 37.84% from Rs. 60,959.79 million in FY2014 to Rs. 220,081.23 million in FY2018.

ECL Finance Limited NCD - Issue Details:

Issuer ECL Finance Limited (View Report)
Issue Type Secured, Redeemable Non-Convertible Debentures
Issue Period Issue Opens: Monday, Nov 04, 2019
Issue Closes: Friday, Nov 22, 2019
Coupon Rate 10.41% p.a *
Issue Size Base Issue of Rs. 100 Crores with an option to retain oversubscription up to Rs. 400 Crores aggregating upto 5,000,000 NCDs amounting to Rs.500 Crores (“Tranche II Issue Limit”) (“Tranche II Issue”) which is within the Shelf Limit of Rs. 2,000 Crores.
Face Value Rs. 1,000 per NCD
Minimum Application Size 10 NCDs (Rs. 10,000) and in the multiple of One NCD thereafter
Credit Rating ‘‘CRISIL AA-/ Stable’’ and “CARE AA-/ Stable’’
Mode of Allotment & Trading In Dematerialised Form
QIB 20% of issue size
Non Institutional 20% of issue size
HNI 30% of issue size
Retail Individual 30% of issue size
Listing BSE
Depositories NSDL & CDSL
Registrar Link Intime India Private Limited
Book Running Lead Managers Edelweiss Financial, Axis Bank, IIFL Holdings and Trust Investment Advisors
* Highest yield


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