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Comparision between ECL Finance NCD Dec 2018 and Manappuram Home Finance NCD Sept 2019.
ECL Finance NCD Dec 2018 is a Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) NCD proposed to list at BSE, NSE while Manappuram Home Finance NCD Sept 2019 is a Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) proposed to list at BSE.
| ECL Finance Ltd | Manappuram Home Finance Limited | |
|---|---|---|
| Logo |  |
 |
| Security Type | Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Listing at | BSE, NSE | BSE |
| Basis of Allotment | First Come First Serve Basis | First Come First Serve Basis |
| DRHP (Base) | DRHP  |
|
| RHP (Base) | RHP |
|
| DRHP (Shelf) | ||
| RHP (Shelf) | ||
| NCD Rating | The NCDs proposed to be issued under this Issue have been rated "CARE AA-; Stable" (AA minus; Outlook Stable) by CARE Ratings Limited ("CARE Ratings") for an amount up to Rs 20,000 lakhs, vide its letter dated August 26, 2019 and revalidated letter dated September 16, 2019 and the Rating Rationale letter dated August 28, 2019. The rating of NCDs by CARE Ratings indicates that instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. |
|
| Registrar | Link Intime India Private Ltd | Link Intime India Private Ltd |
| Lead Managers | Axis Bank Limited Edelweiss Financial Services Ltd Iifl Securities Ltd |
Vivro Financial Services 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 Dec 2018 issue size is ₹1,000.00 Cr at an issue price of ₹1,000.00 per NCD. Manappuram Home Finance NCD Sept 2019 issue size is ₹100.00 Cr at a issue price of ₹1,000.00 per NCD.
| ECL Finance Ltd | Manappuram Home Finance Limited | |
|---|---|---|
| Issue Size (Base) | ₹1,000.00 Cr | ₹100.00 Cr |
| Issue Size (Shelf) | ₹100.00 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-/Stable | |
| Tenor | 36 months/ 60 months/ 2500 days | |
| Series | Series 1 to Series 7 |
|
| Payment Frequency | Monthly, Annual and Cumulative | |
| Coupon Incentive |
Offering period of ECL Finance NCD Dec 2018 and Manappuram Home Finance NCD Sept 2019 is mentioned.
| ECL Finance Ltd | Manappuram Home Finance Limited | |
|---|---|---|
| Bid/Offer Opens On | Dec 13, 2018 | Sep 30, 2019 |
| Bid/Offer Closes On | Jan 05, 2019 | Oct 29, 2019 |
In ECL Finance NCD Dec 2018 QIBs portion includes and offered are offered to retail investors. In Manappuram Home Finance NCD Sept 2019 QIBs portion includes and offered are offered to retail investors.
| ECL Finance Ltd | Manappuram Home Finance Limited | |
|---|---|---|
| Institutional | ||
| Non Institutional | ||
| HNI | ||
| Retail | ||
| Others | ||
| Total | 10,00,000 shares |
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