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ECL Finance NCD April 2019 Detail
Issue Open May 10, 2019
Issue Close May 17, 2019
Issue Size (Base) ₹300.00 Crores
Issue Size (Shelf) ₹2,000.00 Crores
Issue Price ₹1000 per NCD
Listing At BSE

ECL Finance NCD April 2019 Date & Price

The ECL Finance NCD April 2019 issue opens on May 10, 2019, and closes on May 17, 2019, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

ECL Finance Limited NCD IPO dates are as below:

ECL Finance NCD April 2019 Issue Timetable

Bid/Offer Opens OnMay 10, 2019
Bid/Offer Closes OnMay 17, 2019
Record Date
Deemed Date of Allotment

Sorry, ECL Finance NCD April 2019 DRHP PDF Document is not available at this time.

ECL Finance NCD April 2019 Red Herring Prospectus (RHP) PDF

ECL Finance NCD April 2019 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for ECL Finance NCD April 2019 is Monthly, Annual and Cumulative.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

ECL Finance NCD April 2019 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until May 17, 2019. The bid may close earlier in case it is fully subscribed.

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 Annual Cumulative Annual Cumulative Monthly Annual Cumulative Monthly Annual
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 1,208.11 Rs 1,000 Rs 1,371.81 Rs 1,000 Rs 1,000 Rs 1,640.90 Rs 1,000 Rs 1,000

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 39 Months/ 2 Years/ 5 Years/ 10 Years.

ECL Finance NCD April 2019 Issue Size and Subscription Status

The ECL Finance NCD April 2019 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹300.00 Crores
  • NCD Shelf Issue Size: ₹2,000.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in ECL Finance NCD April 2019 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

You could check ECL Finance Limited NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

ECL Finance NCD April 2019 Allotment and Listing

The NCD's are proposed to be listed on BSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

Click here to check ECL Finance Limited Allotment Status.

The ECL Finance Limited NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price ECL Finance NCD April 2019 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

ECL Finance Limited NCD - Should I apply?

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.

Sorry, we do not provide NCD recommendations. But we share a lot of information about ECL Finance NCD April 2019 which could help you with questions like ECL Finance NCD April 2019 buy or not? You should also read ECL Finance NCD April 2019 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

ECL Finance Limited NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.