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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.
| Issue Open | August 13, 2019 - August 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 |
Category  |
NCD's Allocated |
|---|---|
| Category 1 | 15% |
| Category 2 | 15% |
| Category 3 | 35% |
| Category 4 | 35% |
| 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 |
| � | 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 |
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.
Tata Capital Limited is the promoter of the company.
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
The Tata Capital NCD Aug 2019 was subscribed 4.47 times on August 20, 2019 6:15:00 PM. The NCD subscribed .
| Category ? | Subscription (times) |
|---|---|
| Category 4 | 4.50x |
| Category 3 | 6.50x |
| Category 2 (NII) | 3.01x |
| Category 1 (QIB) | 1.14x |
| Total | 4.47x |
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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/
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://kosmic.kfintech.com/ipostatus/
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