Incorporated in 2005,Mumbai based ECL Finance Limited is 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
ECL Finance NCD April 2019 Detail
Issue Open May 10, 2019 - Jun 7, 2019
Security Name ECL Finance Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 300.00 Crores
Issue Size (Shelf) Rs 2,000.00 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
Credit Rating CARE AA (Positive); CRISIL AA/Stable;
Tenor 39 Months/ 2 Years/ 5 Years/ 10 Years
Series Series I to Series IX
Payment Frequency Monthly, Annual and Cumulative
Basis of Allotment Priority Basis
The NCDs proposed to be issued under this Issue have been rated "CARE AA; Positive" (pronounced as CARE AA with Positive outlook)
And "CRISIL AA/Stable" (pronounced as CRISIL double
A rating with Stable outlook)
Company Promoters
Edelweiss Financial Services Limited is the promoter of the company.
Objects of the Issue:
The Company proposes to utilise the funds for following objects:
1. For the purpose of onward lending and for repayment of interest and principal of existing loans;and
2. For general corporate purposes.
Company Contact Information
ECL Finance Limited
Edelweiss House,
Off. C.S.T Road, Kalina,
Mumbai 400098, Maharashtra
Phone: +91 22 4009 4400
ECL Finance NCD April 2019 Registrar
Link Intime India Private Ltd 1/)
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: eclapr2019.ncd@linkintime.co.in
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