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Tata Capital Financial Services Ltd NCD (Tata Capital NCD Aug 2019) Detail

Aug 13, 2019 - Aug 20, 2019
Tata Capital Financial Services Ltd Logo

Incorporated in 2010, Tata Capital Financial Services Limited (TCFSL) is a Systemically Important Non-Deposit taking Non-Banking Financial Company (NBFC). The company provides a range of financial products to corporates and consumers.

Corporate Finance- Term loans, working capital term loans, channel finance, bill discounting, construction equipment finance, leasing solutions, lease rental discounting, promoter finance and structured products.

Consumer finance- Car and two-wheeler loans, commercial vehicle loans, tractor loans, business loans, loans against property, personal loans, consumer durable loans and loans against securities.

The company is a wholly owned subsidiary of TCL, the financial services arm of the Tata group. It operates an extensive a network of 134 offices spanning across 23 states.

Key Strengths


1. Diversified and balanced mix of businesses
2. Extensive network of our 134 offices
3. 'Tata' as a recognized brand
4. Robust internal processes

Tata Capital NCD Aug 2019 Detail

Issue Open Aug 13, 2019 - Aug 20, 2019
Security Name Tata Capital Financial Services Ltd
Security Type Secured, 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 3,626.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE, NSE
Credit Rating CRISIL AAA/Stable, CARE AAA/Stable
Tenor 3 years/ 5 years/ 8 years/ 10 years
Series

Series I to Series IV

Payment Frequency Annual
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Category 1 15%
Category 2 15%
Category 3 35%
Category 4 35%

NCD's Offered by Category

Category ? NCD's Reserved
Category 1 750,000
Category 2 750,000
Category 3 1,750,000
Category 4 1,750,000
Total NCD's 5,000,000

Coupon rates for series 1 to 4

  Series 1 Series 2 Series 3 Series 4
Frequency of Interest Payment Annual Annual Annual Annual
Nature Secured Unsecured
Tenor 3 years 5 years 8 years 10 years
Coupon Rate For Category I & II 8.35% 8.40% 8.55% 8.75%
Coupon Rate For Category III & IV 8.45% 8.50% 8.65% 8.85%
Amount on Maturity For Category I & II/ for III & IV Rs 1,000 Rs 1,000 Rs 1,000 Rs 1,000

NCD Rating

The NCDs proposed to be issued under this Tranche II Issue have been rated "CRISIL AAA / Stable" for an amount of up to Rs 7,50,000 lakh by CRISIL Limited vide its letter dated August 15, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 25, 2019 and have been rated "CARE AAA; Stable" for an amount up to Rs 7,50,000 lakh by CARE Ratings Limited vide its letter dated August 14, 2018, revalidated vide its letter dated August 27, 2018 and further revalidated by letter dated July 26, 2019. The ratings of the NCDs issued by CRISIL Limited indicate 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

TCFSL proposes to utilise the funds which are being raised through the Tranche II Issue, after deducting the Tranche II Issue related expenses to the extent payable by TCFSL ("Net Proceeds"), towards funding the following objects (collectively, referred to herein as the "Objects"):

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

Tata Capital NCD Aug 2019 Prospectus

Tata Capital NCD Aug 2019 Subscription Status

The Tata Capital NCD Aug 2019 was subscribed 4.47 times on Aug 20, 2019 6:15:00 PM. The NCD subscribed .

Category ?Subscription (times)
Category 44.50x
Category 36.50x
Category 2 (NII)3.01x
Category 1 (QIB)1.14x
Total4.47x

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Tata Capital NCD Aug 2019 Rating

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4.0
Rating:Rated 4.0 stars
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Company Contact Information

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

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

Tata Capital NCD Aug 2019 Registrar

KFin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/


3 Comments

3. Jaspreet Singh Oberoi     Link|Aug 26, 2019 11:10:06 AM
Allotment done. Money debited from account.
2. Jaspreet Singh Oberoi     Link|Aug 16, 2019 6:42:15 PM
Please update the closing date. It's now closing on 20th Aug @ https://nse-india.com/products/content/equities/ipos/debt_ipo_current_tcfncd2.htm
1. ranviraaj     Link|Aug 13, 2019 8:47:00 PM
who says there is a liquidity issue. In the first days itself , 1373 Cr raised...