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ECL Finance NCD April 2019 vs L&T Finance Ltd. NCD April 2019

Comparision between ECL Finance NCD April 2019 and L&T Finance Ltd. NCD April 2019.

NCD Details

ECL Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while L&T Finance Ltd. NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE, NSE.

  ECL Finance Limited L&T Finance Ltd.
Logo ECL Finance NCD April 2019 Logo L&T Finance Ltd. NCD April 2019 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 '[ICRA] AAA (stable) (pronounced as ICRA triple A with Stable outlook)' for an amount of Rs 5,00,000 lakhs, by ICRA Limited ("ICRA") vide their letter dated December 21, 2018 and revalidated vide revalidation letter dated February 1, 2019 and further revalidated by a revalidation letter dated February 20, 2019, CARE AAA / Stable (pronounced as CARE triple A with Stable Outlook) for an amount of Rs 5,00,000 lakhs, by CARE Ratings Ltd. ("CARE") vide their letter dated December 28, 2018 and revalidated vide revalidation letter dated January 31, 2019 and further revalidated by a revalidation letter dated February 20, 2019 and IND AAA / Stable (pronounced as IND triple A with Stable outlook) for an amount of Rs 5,00,000 lakhs, by India Ratings and Research Private Limited ("India Ratings") vide their letter dated December 31, 2018 and revalidated vide revalidation letter dated January 31, 2019 and further revalidated by a revalidation letter dated February 20, 2019.

Registrar Link Intime India Private Ltd Link Intime India Private Ltd
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

Issue Size and Price and Other Details

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. L&T Finance Ltd. NCD April 2019 issue size is ₹500.00 Cr at a issue price of ₹1,000.00 per NCD.

  ECL Finance Limited L&T Finance Ltd.
Issue Size (Base) ₹300.00 Cr ₹500.00 Cr
Issue Size (Shelf) ₹2,000.00 Cr ₹500.00 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 ICRA AAA/Stable, CARE AAA/Stable, IND AAA/Stable
Tenor 39 Months/ 2 Years/ 5 Years/ 10 Years 37 months/60 months/ 120 months/
Series

Series I to Series IX

Series 1 to Series 6

Payment Frequency Monthly, Annual and Cumulative Monthly, Annual and Cumulative
Coupon Incentive

NCD Timetable

Offering period of ECL Finance NCD April 2019 and L&T Finance Ltd. NCD April 2019 is mentioned.

  ECL Finance Limited L&T Finance Ltd.
Bid/Offer Opens On May 10, 2019 Apr 08, 2019
Bid/Offer Closes On May 17, 2019 Apr 09, 2019

Shares Offered to Different Investor Category

In ECL Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors. In L&T Finance Ltd. NCD April 2019 QIBs portion includes and offered are offered to retail investors.

  ECL Finance Limited L&T Finance Ltd.
Institutional
Non Institutional
HNI
Retail
Others
Total 15,00,000 shares 50,00,000 shares

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