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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
| Issue Open | January 7, 2020 - January 8, 2020 |
| Security Name | Tata Capital Housing Finance 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 5,000.00 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, ICRA AAA/ stable |
| Tenor | 36 months/ 60 months/ 96 months/ 120 months |
| Series | Series I to Series VI |
| Payment Frequency | Monthly and Annual |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 10% |
| Category 2 | 10% |
| Category 3 | 40% |
| Category 4 | 40% |
| Category |
NCD's Reserved |
|---|---|
| Category 1 | 500,000 |
| Category 2 | 500,000 |
| Category 3 | 2,000,000 |
| Category 4 | 2,000,000 |
| Total NCD's | 5,000,000 |
| 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 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 | Rs 1,000 |
The NCDs proposed to be issued pursuant to this Issue have been rated "CRISIL AAA/Stable" by CRISIL for an amount of up to Rs 5,00,000 lakh and have been rated "[ICRA] AAA (stable)" by ICRA for an amount of up to Rs 5,00,000 lakh. The rating of the NCDs by ICRA indicates highest degree of safety regarding timely servicing of financial obligations.
Tata Capital Limited is the promoter of the company.
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
The Tata Capital Housing NCD Jan 2020 was subscribed 4.18 times on January 8, 2020 5:00:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 2.96x |
| Category 3 | 7.02x |
| Category 2 (NII) | 1.36x |
| Category 1 (QIB) | 0.57x |
| Total | 4.18x |
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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/
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: tchfl.ncd@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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