This entry is part 2 of 3 in the series NCD - ECL

ECL Finance Limited is coming out with a public issue of Unsecured redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1000/- each aggregating upto Rs. 200 Crores,  with an option to retain oversubscription up to Rs. 200 Crores for issuance of additional NCDs, aggregating to a total of up to Rs.400 crores.   The issue is opens for subscription   17 June 2013 and closes on 2 July 2014.  Early Close Date 19 June 2014

Allotment is on First Come First Serve Basis. It’s Unsecured NCD – No security against this ncd issue.

 Product Note

Unsecured NCD Issue Highlights

IssuerECL Finance Ltd
Type of InstrumentUnSecured, Redeemable, NCD
Issue Open17 June 2014
Issue Close2 July 2014 (with option of early closure or extension)
Issue Size400 Cr.
Face ValueRs. 1,000
Min. Application Size10 Bonds (Rs.10000) & multiply of 1 NCD thereafter (across all series NCD)
Interest Monthly, Annually & Cumulative
Mode of AllotmentD'mat as well as Physical Form
RatingAA by CARE, BRICKWORK
ListingBSE

Specific Term of Issue

OptionsIIIIII
Tenor70 month70 month70 month
Coupon12.00%12.00%12.00%
Yield12.68%12.00%12.68%
Face Value100010001000
Maturity100010002006.76
Interest PaymentMonthlyAnnualCummulative

 

 Cheque Details for ECL Finance Ltd :

Cheque / DD should be drawn in favour of  ” ECL Finance  – NCD Escrow Account “ by all applicant

:Note :   Application will be rejected if banked without uploading in the electronic system of the recognized stock exchange. (Bidding process)

About Issue

About Company

  • ECL Finance is part of Edelweiss Group which is one of India’s prominent financial services organization having businesses organize around four broad lines – Credit including Retail Finance and debt capital markets;  Commodities; Financial Markets including Asset management and Life Insurance Business.
  • ECL Finance is one of the NBFC, focus on offering a broad suit of secured corporate loan products, retail loan product which are cutomized to suit the need of corporate , SMEs and Individuals.
  • Corporate and Retail Loan Products include – Corporate finance, loan against property , loan against Securities, Real Estate Finance , Structure Finance , SME Finance , Other financial products which includes Public Issue financing , ESOP Financing , funding against Hedged Commodities , Loan against MF/Bonds

Subscription

Cat ICat- IICat-IIITotal
Cat ICat- IICat-IIITotal
12080200400
Issue Close
19 JuneSubscribe205.0296.96147.57449.55
No of times1.711.210.741.12
Unsubscribe--52.43
18 JuneSubscribe20580.54121.13406.67
No of times1.711.010.611.02
Unsubscribe--78.87
19 JuneSubscribe20562.6880.85348.43
No of times1.710.780.400.87
Unsubscribe-17.32119.15

For any query , Kindly Write to us at

                       rajendra@puneinvest.com or

                          Call Rajendra 8007750904                 

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Application Process

PROCEDURES TO INVEST IN TAX FREE BOND & NCD:

Step 1 

Download Application Form

Step 2

If Bonds / NCD   required in Dmat Format

  • Cheque drawn in favour titled a/c for application amount
  • Self attested photocopy of pancard of applicant

If Bonds required in Physical  Format

  • Cheque drawn in favour titled a/c for application amount
  • Self attested photocopy of pancard of applicant
  • Photocopy of the enclosed cheque
  • Self attested photocopy of address proof

Step 3

Allotment of NCD First Come First Serve Basis, so don’t wait for last day of issue. After Issue fully subscribe Issue automatically close 2nd day or 3rd day (short notice).

The Applicant has to submit Application, complete in all respect to Nearest Center in your Location.

  • Keep Photocopy of Application Form for your record.
  • To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
  • If you send photo copy of your application form we are track your application status and send you mail about Allotment status.

 

Listing

ECL Finance Ltd – Allotment & Listing Details

ISIN No. BSE/NSE Script Code, first Interest payment date, coupon , date of allotment listing date 

NCD 2014-15ECL Finance Ltd
Issue Open17 June 2014
Issue Close 19 June 2014
Issue RegistrarLink Intime Pvt Ltd
Listing ExchangeBSE
Allotment Date26 June 2014
Listing Date1 July 2014
Interest Payment Date1st Interest Payment 1 August 2014 (Monthly), 1 August 2015 (Yearly option)
Face Value1000
Circular Ref. No BSE - 20140630-6
Option I II III
Coupon12.00%12.00%NA
Period70 month70 month70 month
ISIN NoINE 804IO8601 INE 804IO8619 INE 804IO8627
BSE Script 935088935090935092
Maturity Amt100010002006.76
Maturity26 April 202026 April 202026 April 2020
Interest Payment1 August 20141 August 2015NA
Frequency MonthlyYearlyCumulative
RajendraNCDecl,ecl 12.68%,ecl juneECL Finance Limited is coming out with a public issue of Unsecured redeemable Non-Convertible Debentures (NCDs) of face value of Rs.1000/- each aggregating upto Rs. 200 Crores,  with an option to retain oversubscription up to Rs. 200 Crores for issuance of additional NCDs, aggregating to a total of up to Rs.400 crores.   The issue is...Investment you need