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

Aug 13, 2019 - Aug 23, 2019

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 OpenAug 13, 2019 - Aug 23, 2019
Security NameTata Capital Financial Services 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 3,626.00 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 by CRISIL Ltd and CARE AAA Stable by CARE Ratings Ltd
Tenor3 years/ 5 years/ 8 years/ 10 years
Series

Series I to Series IV

Payment FrequencyAnnual
Basis of AllotmentFirst Come First Serve Basis

NCD Allocation Ratio

NCD's allocated in each investor category:

Category ?NCD's Allocated
Category 1 (QIB)15%
Category 2 (NII)15%
Category 3 (HNI)35%
Category 4 (RII)35%

NCD's Offered

NCD's offered in each investor category:

Category ?NCD's Reserved
Category 1 (QIB)750,000
Category 2 (NII)750,000
Category 3 (HNI)1,750,000
Category 4 (RII)1,750,000
Total NCD's5,000,000

Coupon Rates

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 ₹1,000 ₹1,000 ₹1,000 ₹1,000

NCD Rating Detail

The NCDs proposed to be issued under this Tranche II Issue have been rated "CRISIL AAA / Stable" for an amount of up to ₹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 ₹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 Rating

20
4.0
Rating:Rated 4.0 stars

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Tata Capital NCD Aug 2019 Reviews

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

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: einward.ris@karvy.com
Website: https://karisma.karvy.com/

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2 Comments

Jaspreet Singh Oberoi
2. Jaspreet Singh Oberoi  Aug 16, 2019 17:42 Reply
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
ranviraaj
1. ranviraaj  Aug 13, 2019 19:47 Reply
who says there is a liquidity issue. In the first days itself , 1373 Cr raised...



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