Incorporated in 2005, Mumbai based ECL Finance Limited is a leading systemically important non-deposit taking NBFCs. The company is a part of the Edelweiss Group, one of India’s prominent financial services organization.
The company is focused on offering a wide range of secured corporate and retail loan products to corporates, SMEs and individuals.
The company’s loan product portfolio includes-
- Structured Collateralised Credit
- Wholesale Mortgages
- SMEs and others
- Loans against securities
- Retail Mortgages
- Agri Credit
ECL’s income from operations grew at a CAGR of 39.32% from Rs 8,122.76 million in 2014 to Rs 30,600.27 million in 2018. The PAT grew at a CAGR of 30.35% from Rs 1,600.44 million in 2014 to Rs 4,620.47 million in 2018. The loan book grew by 37.84% from Rs 60,959.79 million in 2014 to Rs 220,081.23 million in 2018.
Key Strengths of the Company-
- Established brand as a part of Edelweiss Group
- Wide network with over 100 branches across India
- Track record of high growth and profitability
- Secured loan book with good asset quality
Apply For ECL Finance Ltd NCD
ECL Finance NCD Nov 2019 Detail
| Issue Open | Nov 4, 2019 – Nov 22, 2019 |
| Security Name | ECL Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Shelf) | Rs 400.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | CARE AA/Positive, CRISIL AA/Stable |
| Tenor | 24 months/ 39 months/ 60 months/ 120 months |
| Series | Series I to Series IX |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
Coupon rates for series 1 to 9
| � | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 |
|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annually | Cumulative | Annually | Cumulative | Monthly | Annually | Cumulative | Monthly | Annually |
| Tenor | 24 months | 24 months | 39 months | 39 months | 60 months | 60 months | 60 months | 120 months | 120 months |
| Coupon Rate | 9.90% | NA | 10.20% | NA | 9.95% | 10.40% | NA | 9.95% | 10.40% |
| Amount on Maturity | Rs 1,000 | Rs 1,208 | Rs 1,000 | Rs 1,371 | Rs 1,000 | Rs 1,000 | Rs 1,641 | Rs 1,000 | Rs 1,000 |
NCD Rating Detail
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 rating of “CARE AA; Positive” by CARE Ratings Limited and “CRISIL AA/Stable” by CRISIL Limited indicate that instruments with these ratings are considered to have a high degree of safety regarding timely servicing of financial obligations.
Company Promoters:
Edelweiss Financial Services Limited is the promoter of the company.
Objects of the Issue:
The company proposes to utilise the funds for following objects:
- For the purpose of onward lending and for repayment of interest and principal of existing loans; and
- For general corporate purposes.
Registrar & Company Details
| Company Contact Information | ECL Finance NCD Nov 2019 Registrar |
| ECL Finance Limited Edelweiss House, Off. C.S.T Road, Kalina, Mumbai 400098, Maharashtra, India Phone: +91 22 4009 4400 Email: eclfdebtipo@edelweissfin.com Website: https://eclfinance.edelweissfin.com/ | 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: eclapr2019.ncd@linkintime.co.in Website: http://www.linkintime.co.in |
