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Incorporated in 2005, Mumbai based ECL Finance Limite 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-
1. Structured Collateralised Credit
2. Wholesale Mortgages
3. SMEs and others
4. Loans against securities
5. Retail Mortgages
6. 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-
1. Established brand as a part of Edelweiss Group
2. Wide network with over 100 branches across India
3. Track record of high growth and profitability
4. Secured loan book with good asset quality
| Issue Open | December 13, 2018 - January 5, 2019 |
| Security Name | ECL Finance Ltd |
| Security Type | |
| Issue Size (Base) | Rs 1,000.00 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 | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | |
| Tenor | |
| Series | |
| Payment Frequency | |
| Basis of Allotment | First Come First Serve Basis |
The promoter of the company is Edelweiss Financial Services Limited.
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.
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.
The company is offering tenure of 39 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 9.95% to 10.64% depending on the selection of investors.
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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
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/initial_offer/public-issues.html
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