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Comparision between ECL Finance NCD April 2019 and Sakthi Finance NCD April 2019.
ECL Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) NCD proposed to list at BSE while Sakthi Finance NCD April 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| ECL Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing at | BSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  |
|
| RHP (Base) | RHP |
RHP |
| 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 by our Company have been rated by ICRA Limited ("ICRA"). ICRA has vide its letter no. RTG/Chen/109/18-19 dated February 11, 2019, assigned and vide its letter no. Reval/Chen/145/18-19 dated March 25, 2019 revalidated, a rating of "[ICRA] BBB (Stable)" for an amount up to Rs 15,000 lakh for the NCDs. The rating of the NCDs by ICRA indicates moderate degree of safety regarding timely servicing of financial obligations and carry moderate credit |
| Registrar | Link Intime India Private Ltd | S.K.D.C Consultants Limited |
| Lead Managers | Axis Bank Limited Edelweiss Financial Services Ltd |
Dalmia Securities Private Limited |
| Debenture Trusties | ||
| NRI Allowed | No | No |
| 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. Sakthi Finance NCD April 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| ECL Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹300.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹2,000.00 Cr | ₹50.00 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 BBB/Stable |
| Tenor | 39 Months/ 2 Years/ 5 Years/ 10 Years | 24 months/36 months/48 months/61 months |
| Series | Series I to Series IX |
Series 1 to Series 11 |
| Payment Frequency | Monthly, Annual and Cumulative | Monthly, Annual and Cumulative |
| Coupon Incentive |
Offering period of ECL Finance NCD April 2019 and Sakthi Finance NCD April 2019 is mentioned.
| ECL Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | May 10, 2019 | Apr 10, 2019 |
| Bid/Offer Closes On | May 17, 2019 | May 09, 2019 |
In ECL Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors. In Sakthi Finance NCD April 2019 QIBs portion includes and offered are offered to retail investors.
| ECL Finance Limited | Sakthi Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 15,00,000 shares | 10,00,000 shares |
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