ECL Finance Limited NCD
ECL Finance Limited is one of the leading systemically important non-deposit taking NBFCs, focused on offering a broad suite of secured corporate loan products, retail loan products which are customized to suit the needs of the corporates, SMEs and individuals. Our corporate and retail loan products include:
(i) Structured Collateralised Credit: Our structured collateralised credit loans constituted 25.15% of our total loan book as at March 31, 2018. Structured collateralised credit loans are offered mostly to corporates against collateral such as liquid market securities, pledge of other securities, pledge of shares by promoters, immoveable property, etc. The loans include bridge financing or other short term loans to corporates. The funds raised are utilised for the working capital requirement of the corporates, expansion and diversification
of business among other uses. The tenure of the loans is generally up to two years.
(ii) Wholesale Mortgages: This includes various structured financing solutions for finance to developers for real estate projects under construction, which constituted 35.46 % of the Company’s total loan book as at March 31, 2018.
(iii) SMEs and others: This includes credit facilities and short term loans to SMEs for meeting their business requirements, which constituted 7.70 % of the Company’s total loan book as at March 31, 2018.
(iV) Loans against securities: This includes loans to investors against their existing portfolio of investments, which constituted 21.00 % of the Company’s total loan book as at March 31, 2018.
(V)Retail Mortgages – Loans against Property: This includes loans offered to self-employed individuals for business purposes against a mortgage of residential or commercial property, which constituted 6.67 % of the Company’s total loan book as March 31, 2018.
(Vi)Agri Credit: As a part of agricultural value chain services, we extend short term finance (usually for a period of three to nine months) against Agri commodities inventory stored in warehouses managed by the sister concerns of the Company, which constituted 4.02 % of the Company’s total loan book as at March 31, 2018.
Total income and profit after tax (PAT) of the Company for the financial year ended March 31, 2018 was Rs.30,600.27 million and Rs.4,620.47 million, respectively. The Company’s income from operations witnessed a CAGR of 39.32% from Rs.8,122.76 million in FY 2014 to Rs. 30,600.27 million in FY 2018 and PAT witnessed a CAGR of 30.35 % from Rs. 1,600.44 million in FY 2014 to Rs. 4,620.47 million in FY 2018. The loan book of the Company has witnessed a CAGR of 37.84% from Rs. 60,959.79 million in FY 2014 to Rs. 220,081.23 million in FY 2018.
Objective of NCD ECL Finance Limited NCD:
ECL Finance Limited NCD Details:
|Open Date:||Jul 24 2018|
|Close Date:||Jul 27 2018|
|Issue Type:||Fixed Price Issue NCD|
|Issue Size:||₹ 2000 Cr.|
|Face Value:||₹ 1000 Per NCD|
|Market Lot:||1 NCD|
|Minimum Order Quantity:||10 NCD|
|Particulars||For the year/period ended (in Rs. Lacs)|
|Profit After Tax||1,426.60||1,290.06||1,555.94||--||--|
|Freq of Interest Payment||Cumulative||Annual||Monthly||Cumulative||Annual||Monthly||Annual||Annual|
Rs 10,000/- (10 NCDs) across all Series
|FV/ Issue Price||
|In Multiples of thereafter||
1,000/- (1 NCD)
|Coupon (% per annum)||NA||9.45%||9.25%||N/A||9.65%||9.43%||9.85%||A*|
|Amount (NCD) on Maturity||1,311.30/-||1,000/-||Rs.1,000/-||1,585.30/-||1,000/-||Rs.1,000/-||1,000/-||1,000/-|
|Maturity / Redemption Date||3 years||3 Years||5 years||5 years||5 years||10 years||10 years||3 years|
Post Tax returns:
Lead Manager of ECL Finance Limited NCD:
- Axis Capital Limited
- Edelweiss Capital Limited
Registrar of ECL Finance Limited NCD:
- Link Intime India Private Limited