Unlimited Trading @ Rs 899 per month - Prostocks

Tata Capital Housing Finance Ltd NCD (Tata Capital Housing NCD Jan 2020) Detail

Jan 7, 2020 - Jan 8, 2020

Incorporated in 2008, Tata Capital Housing Finance Ltd is a non-deposit taking housing finance company. It is a wholly owned subsidiary of Tata Capital Financial Services Limited (TCFSL) which provides a range of financial products to corporates and consumers.

As on 30 Sept 2019, it has 88 branches across Tier I, Tier II and Tier III cities in India. The key focus areas of Tata Capital Housing Finance Ltd are:

1. Affordable housing to Tier II and Tier III cities
2. Leveraging the "Tata" brand
3. Increasing alternate business channels

Key Strengths

1. Unified financial services platform
2. Prudent credit and information technology policies
3. A diverse funding portfolio
4. Pan-India presence

Tata Capital Housing NCD Jan 2020 Detail

Issue OpenJan 7, 2020 - Jan 8, 2020
Security NameTata Capital Housing Finance Ltd
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs)
Issue Size (Base)Rs 500.00 Crores
Issue Size (Shelf)Rs 5,000.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit RatingCRISIL AAA/ Stable, ICRA AAA/ stable
Tenor36 months/ 60 months/ 96 months/ 120 months
Series

Series I to Series VI

Payment FrequencyMonthly and Annual
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)10%
Category 2 (NII)10%
Category 3 (HNI)40%
Category 4 (RII)40%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)500,000
Category 2 (NII)500,000
Category 3 (HNI)2,000,000
Category 4 (RII)2,000,000
Total NCD's5,000,000

Coupon Rates

Coupon Rates for Eash Series

  Series 1 Series 2 Series 3 Series 4 Series 5 Series 6
Frequency of Interest Payment Annually Monthly Annually Monthly Annually Annually
Tenor 36 Months 60 Months 60 Months 96 Months 96 Months 120 Months
Coupon Rate (Retail) for Category I & II 8.00% 7.92% 8.20% 8.01% 8.30% 8.55%
Coupon Rate (Retail) for Category III & IV 8.10% 8.01% 8.30% 8.10% 8.40% 8.70%
Amount on Maturity ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000 ₹1,000

NCD Rating Detail

The NCDs proposed to be issued pursuant to this Issue have been rated "CRISIL AAA/Stable" by CRISIL for an amount of up to ₹ 5,00,000 lakh and have been rated "[ICRA] AAA (stable)" by ICRA for an amount of up to ₹ 5,00,000 lakh. The rating of the NCDs by ICRA indicates highest degree of safety regarding timely servicing of financial obligations.

Company Promoters

Tata Capital Limited is the promoter of the company.

Objects of the Issue:

Tata Capital Housing Finance Ltd proposes to utilise the funds towards funding the following objects:

1. For the purpose of onward lending, financing, and for repayment /prepayment of interest and principal of existing borrowings of the company
2. General Corporate Purposes

Tata Capital Housing NCD Jan 2020 Prospectus

Tata Capital Housing NCD Jan 2020 Rating

49
4.2
Rating:Rated 4.2 stars

Vote Here ...

Tata Capital Housing NCD Jan 2020 Reviews

Company Contact Information

Tata Capital Housing Finance Ltd
11th Floor, Tower A,
Peninsula Business Park, Ganpatrao Kadam Marg,
Lower Parel, Mumbai 400 013

Phone: (+91 22) 6606 9000
Email: tchflncdcompliance@tatacapital.com
Website: https://www.tatacapital.com/

Tata Capital Housing NCD Jan 2020 Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: tchfl.ncd@kfintech.com
Website: https://karisma.karvy.com/

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...


8 Comments

Jaspreet Singh Oberoi
8. Jaspreet Singh Oberoi  Jan 15, 2020 08:44 I Like It. | I Don't Like It. | Report Abuse Reply
Debentures credited and money debited.
Enjoyjack
7. Enjoyjack  Jan 6, 2020 08:18 I Like It. 4 | I Don't Like It. | Report Abuse Reply
I am first time investor in NCD. Can someone help me on how to apply for this NCD
Regulagedda Ambica Prasad
6. Regulagedda Ambica Prasad  Jan 9, 2020 12:47 I Like It. | I Don't Like It. | Report Abuse Reply
Issue was closed yesterday
Regulagedda Ambica Prasad
5. Regulagedda Ambica Prasad  Jan 8, 2020 08:11 I Like It. | I Don't Like It. | Report Abuse Reply
May close early in a day or two due to 3.5 times over subscription so far
Vimal Garodia
4. Vimal Garodia  Jan 6, 2020 09:52 I Like It. | I Don't Like It. | Report Abuse Reply
One can invest through a broker or through online ASBA option of a bank..minimum investment is 10000 Rs....
PRAFULDURAI
3. PRAFULDURAI  Jan 5, 2020 15:58 I Like It. | I Don't Like It. | Report Abuse Reply
What is the minimum amount to be invested.
Safe Player
2. Safe Player  Jan 5, 2020 00:20 I Like It. | I Don't Like It. | Report Abuse Reply
Rarely u see unsecured debentures being offered to retailer investors, but in this case, it is
Regulagedda Ambica Prasad
1. Regulagedda Ambica Prasad  Jan 2, 2020 12:52 I Like It. | I Don't Like It. | Report Abuse Reply
Applying based on past track record




Message Board

Stock Message Board



Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App