{"id":9540,"date":"2018-07-20T09:35:25","date_gmt":"2018-07-20T04:05:25","guid":{"rendered":"https:\/\/www.apnaplan.com\/?p=9540"},"modified":"2018-07-20T09:35:25","modified_gmt":"2018-07-20T04:05:25","slug":"ecl-finance-ncd-july-2018","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/ecl-finance-ncd-july-2018\/","title":{"rendered":"9.85% ECL Finance Ltd NCD \u2013 July 2018 \u2013 Should you Invest?"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>ECL Finance Ltd.<\/strong>\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 9.85% interest rate. The issue opens on July 24 and closes on August 16, 2018.<\/p>\n<p style=\"text-align: justify;\"><strong>ECL Finance Ltd is a non-banking finance company,<\/strong> focused on offering a broad suite of secured\u00a0corporate loan products, retail loan products which are customized to suit the needs of the corporate, SMEs and individuals.<\/p>\n<figure id=\"attachment_9543\" aria-describedby=\"caption-attachment-9543\" style=\"width: 997px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-9543\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018.png\" alt=\"ECL Finance NCD \u2013 July 2018\" width=\"997\" height=\"540\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018.png 997w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018-300x162.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018-768x416.png 768w\" sizes=\"(max-width: 997px) 100vw, 997px\" \/><figcaption id=\"caption-attachment-9543\" class=\"wp-caption-text\"><strong>ECL Finance NCD \u2013 July 2018<\/strong><\/figcaption><\/figure>\n<h2 style=\"text-align: justify;\">ECL Finance NCD \u2013 Significant Points:<\/h2>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\"><strong>Offer Period:<\/strong>\u00a0July 24 to August 16, 2018<\/li>\n<li style=\"text-align: justify;\"><strong>Annual Interest Rates for Retail Investors:<\/strong>\u00a09.25% to 9.85% depending on tenure<\/li>\n<li style=\"text-align: justify;\"><strong>Price of each bond:<\/strong> Rs 1,000<\/li>\n<li style=\"text-align: justify;\"><strong>Minimum Investment:<\/strong> 10 Bonds (Rs 10,000)<\/li>\n<li style=\"text-align: justify;\"><strong>Max Investment Limit<\/strong> for Retail Investor: Rs 10 Lakhs<\/li>\n<li style=\"text-align: justify;\"><strong>Credit Rating:<\/strong>\u00a0\u201cCRISIL AA\/Stable\u201d and \u201c[ICRA]AA\u00a0(stable)\u201d<\/li>\n<li style=\"text-align: justify;\"><strong>NCD Size:<\/strong> Rs 500 crore with option to retain over-subscription up to Rs 2,000 crore<\/li>\n<li><strong>NRIs are NOT eligible<\/strong> to apply to this NCD issue.<\/li>\n<li style=\"text-align: justify;\"><strong>Allotment:<\/strong> First Come First Serve<\/li>\n<li style=\"text-align: justify;\"><strong>Listing:<\/strong> Bonds would be listed on BSE and NSE and will entail capital gains tax on exit through secondary market<\/li>\n<\/ul>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Also Read<\/strong> \u2013 <a href=\"http:\/\/www.apnaplan.com\/know-ncd-investment-tips-tds-and-taxation\/\">Know NCD \u2013 Investment Tips, TDS and Taxation<\/a><\/p>\n<\/blockquote>\n<h2 style=\"text-align: justify;\">ECL Finance NCD &#8211; Investment Options:<\/h2>\n<p style=\"text-align: justify;\">There are 8 options of investment in ECL Finance NCD.<\/p>\n<figure id=\"attachment_9542\" aria-describedby=\"caption-attachment-9542\" style=\"width: 874px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-9542\" src=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-Investment-Options-July-2018.png\" alt=\"ECL Finance NCD - Investment Options - July 2018\" width=\"874\" height=\"563\" title=\"\" srcset=\"https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-Investment-Options-July-2018.png 874w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-Investment-Options-July-2018-300x193.png 300w, https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-Investment-Options-July-2018-768x495.png 768w\" sizes=\"(max-width: 874px) 100vw, 874px\" \/><figcaption id=\"caption-attachment-9542\" class=\"wp-caption-text\"><strong>ECL Finance NCD &#8211; Investment Options &#8211; July 2018<\/strong><\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><strong>Series VIII offers floating interest rat<\/strong>e benchmarked to\u00a0MIBOR (Mumbai Inter-Bank Offered Rate). As of July 19, 2018 this was 6.29%. So as of today the interest rate on offer would be 8.79% (6.29% + 2.50%). You can<a href=\"http:\/\/www.fimmda.org\/modules\/securitiesApproval\/securitiesApproval.aspx?op=mibor\" target=\"_blank\" rel=\"noopener\"> check latest MIBOR rates here<\/a>.<\/p>\n<p style=\"text-align: justify;\">Company shall allocate and allot Series II NCDs wherein the Applicants have not indicated their\u00a0choice of the relevant NCD Series.<\/p>\n<p style=\"text-align: justify;\">The bonds can be purchased both in Demat and Physical Form.<\/p>\n<h2 style=\"text-align: justify;\">ECL Finance NCD &#8211; Who can Apply?<\/h2>\n<p style=\"text-align: justify;\">This issue is open to all Indian residents, HUFs and Institutions.<\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"text-align: justify;\">Category I \u2013 QIB Portion \u2013 20% of the issue is reserved<\/li>\n<li>Category II &#8211; Corporate Portion &#8211; 20% of the issue is reserved<\/li>\n<li style=\"text-align: justify;\">Category II \u2013 HNIs \u2013 30% of the issue is reserved<\/li>\n<li style=\"text-align: justify;\">Category III \u2013 Retail Individual Investors including HUFs \u2013 50% of the issue is reserved<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">However NRIs cannot apply for this NCD.<\/p>\n<h2 style=\"text-align: justify;\">Why you should invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li style=\"text-align: justify;\">The credit rating is AA which is good for investment purpose<\/li>\n<li style=\"text-align: justify;\">The NCD is secured, which means the above debt is backed by assets of the company<\/li>\n<li style=\"text-align: justify;\">The <a href=\"http:\/\/www.apnaplan.com\/highest-interest-rate-on-bank-fixed-deposits-fd\/\">interest rates are 2%-3% higher than your regular Bank FDs<\/a><\/li>\n<li style=\"text-align: justify;\">No TDS if invested in Demat Form<\/li>\n<\/ol>\n<blockquote><p>Also Read:\u00a0<a href=\"http:\/\/www.apnaplan.com\/highest-interest-rate-on-recurring-deposits-rd\/\">Highest Interest Rate on Recurring Deposits<\/a><\/p><\/blockquote>\n<h2 style=\"text-align: justify;\">Why you should not invest?<\/h2>\n<ol style=\"text-align: justify;\">\n<li>The banks have started increasing interest rates on fixed deposits and hence it may not be good idea to invest for long term (<em>DO not go for 10 year tenure &#8211; you might get better opportunities going forward<\/em>).<\/li>\n<li style=\"text-align: justify;\">You can also invest in\u00a0<a href=\"http:\/\/www.apnaplan.com\/company-fixed-deposit\/\">high rated company fixed deposits<\/a><\/li>\n<li>For people in highest tax bracket Tax free bonds are trading at yields of 6.1% to 6.3% &#8211; which would turn out to be better and more secure investment<\/li>\n<\/ol>\n<h2 style=\"text-align: justify;\">How to Apply?<\/h2>\n<p style=\"text-align: justify;\">If you have Demat account apply through that or ASBA facility provided by banks. It\u2019s the easiest way to apply and also avoids a lot of hassle in terms of KYC and paper work<\/p>\n<blockquote>\n<p style=\"text-align: justify;\"><strong>Learn:\u00a0<\/strong><a href=\"http:\/\/www.apnaplan.com\/ipo-asba\/\">How to apply for NCD issues using ASBA?<\/a><\/p>\n<\/blockquote>\n<p style=\"text-align: justify;\">In case you don&#8217;t want to do it online, you can <a href=\"http:\/\/180.179.141.99\/FormPrinting\/FrmPrinting.aspx?IsBond=1&amp;IsVisible=0\" target=\"_blank\" rel=\"noopener\">download the application form<\/a> from Financial Institutions and submit to collection centers.<\/p>\n<h2 style=\"text-align: justify;\">Recommendation:<\/h2>\n<ol style=\"text-align: justify;\">\n<li style=\"text-align: justify;\">My recommendation is to<strong> invest some part of your Fixed Income investment in this NCD Issue\u00a0 (3 or 5 year tenure bonds only)<\/strong><\/li>\n<li style=\"text-align: justify;\">You should always have <strong>diversified portfolio<\/strong> be it fixed deposit, NCD or equity investment<\/li>\n<li style=\"text-align: justify;\">Its <strong>good idea to remain invested till maturity<\/strong> because liquidity on exchanges is low and hence you would get lower than market value<\/li>\n<li>You can also <strong>play rising interest rate by opting for Series VIII<\/strong> which is linked to MIBOR rates.<\/li>\n<\/ol>\n<p style=\"text-align: justify;\"><strong>If you plan to invest in this issue, do it early as most NCD issues are over-subscribed within few days of opening.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ECL Finance Ltd.\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 9.85% interest rate. The issue opens on July 24 and closes on August 16, 2018. ECL Finance Ltd is a non-banking finance company, focused on offering a broad suite of secured\u00a0corporate loan products, retail loan products which are customized to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9543,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[31,30,194],"tags":[3712,3713,3714],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018.png",997,540,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018-300x162.png",300,162,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018-768x416.png",768,416,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018.png",997,540,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018.png",997,540,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018.png",997,540,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/07\/ECL-Finance-NCD-\u2013-July-2018.png",120,65,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":2,"uagb_excerpt":"ECL Finance Ltd.\u00a0has come out with public issue of non-convertible debentures (NCD) offering up to 9.85% interest rate. The issue opens on July 24 and closes on August 16, 2018. ECL Finance Ltd is a non-banking finance company, focused on offering a broad suite of secured\u00a0corporate loan products, retail loan products which are customized to&hellip;","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/9540"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=9540"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/9540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/9543"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=9540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=9540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=9540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}