Friday, May 10, 2019

10.40% ECL Finance NCD May 2019 Issue Dates, Rating & Interest Rates

 Friday, May 10, 2019  
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ECL Finance is coming up with Secured Redeemable & Non-Convertible Debentures Secured NCDs. The subscription to start from 10th May 2019. ECL Finance will offer 10.40% interest rates on the NCDs. ECL Finance Products Limited incorporated in 2005. The company is one of the leading non-deposit taking NBFCs. The company is part of Edelweiss Group. The company offers loans to Corporates, SMEs, Individuals and retail. ECL's operation income grew at a CAGR 39.32% from 2014 to 2018. The PAT CAGR 30.35% from 2014 to 2018. They have wide network of 100 branches in India. The NCDs tenure of 2 years, 39 months, 5 years and 10 years.


ECL Finance NCD Issue Details:
  • NCD Issue Open: 10 May 2019
  • NCD Issue Close: 07 June 2019
  • NCD Issue Size: Rs.300 Crore
  • Price Band: Rs.1000
  • Interest Rate: Upto 10.40% ** (Annually)
  • Minimum Investment: 10 Bonds (Rs 10,000)
  • Maximum Investment: 1,000 Bonds (Rs 10,00,000)
  • Listing: BSE
ECL Finance NCD Issue Rating:
  • CARE Ratings: CARE AA+
  • CRISIL Ratings: CRISIL AA / Stable
ECL Finance NCD Issue Listing:
  • NCD Bonds will be list on BSE.
ECL Finance NCD Issue Promoters:
  • Edelweiss Financial Services Limited
How to Apply ECL Finance NCD Issue?
You can apply from your existing demat account online and offline. You can apply via downloading form from the official website and filling up all the details with the cheque of said amount. You can submit it to the collection centres.
ECL Finance NCD (May 2019) Issue Tenure & Interest Rates: Details
AnnualMonthlyAnnualCumulative
24 Months-9.90%9.90%
39 Months-10.20%10.20%
60 Months10.42%10.40%10.40%
120 Months10.42%10.40%-

ECL Finance NCD Lead Manager:

  • Axis Bank Limited
  • Edelweiss Capital Limited
ECL Finance NCD (May 2019) Allotment Status:
NCD Registrar:
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in

Company Information:
ECL Finance Limited
Edelweiss House,
Off. C.S.T Road, Kalina,
Mumbai 400098, Maharashtra
Phone: +91 22 4009 4400
Website: https://eclfinance.edelweissfin.com

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