Tata Capital Financial Services Limited NCD Dates, Size, Allotment, Subscription, RHP & more
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Tata Capital Financial Services Limited NCD release date, NCD issue size, subscription, Tata Capital Financial Services Limited NCD allotment and other details like the company’s background, its financial positions, its promoters and other related things.
Tata Capital Financial Services Limited NCD – August 2019 Detail
| Credit Rating | CRISIL AAA/Stable, CARE AAA/Stable |
| Issue Open | Aug 13, 2019 |
| Issue Close | August 23, 2019 |
| Issue Size (Base) | Rs. 50,000 lakh |
| Issue Size (Shelf) | Rs. 7,50,000 lakh |
| 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 |
| 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 |
Tata Capital Financial Services Limited NCD – Basis of the Offer Price
| ISSUE STRUCTURE | |
| Security Name | Tata Capital Financial Services Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) and/or Unsecured Subordinated Non-Convertible Debentures (Unsecured NCDs) |
| Coupon payment frequency | Annual |
| Coupon type | Fixed |
| Tenor | 3 years/ 5 years/ 8 years/ 10 years |
| Depository | NSDL and CDSL |
| Disbursement | SEBI Debt Regulations |
| Debenture Trustee | Vistra ITCL (India) Limited |
Tata Capital Financial Services Limited NCD Dates
The opening and the closing date of Tata Capital Financial Services Limited NCD is Aug 13, 2019 to August 23, 2019.
Tata Capital Financial Services Limited NCD Subscription
| Day / Date | QIB Category 1 | NII Category 2 | HNI Category 3 | RII Category 4 | Total Subscription |
| 1st – 10th Day: Aug 20, 2019 | 1.14x | 3.01x | 6.50x | 4.50x | 4.47x |
| 10th – 20th Day: till | |||||
| 20th – 30th Day: till | |||||
| Shares Offered or Net Issue | 750,000 | 750,000 | 1,750,000 | 1,750,000 | 5,000,000 |
The shares subscribed by the public will be updated here.
Tata Capital Financial Services Limited NCD Allotment Status
Here, you can find the Allotment Status of this NCD.
Tata Capital Financial Services Limited NCD Share Offering
Issue of 5,22,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. [ ] per Equity Share (including a share premium of Rs.[ ] per Equity share) aggregating Rs. [ ] lakhs.
Tata Capital Financial Services Limited NCD Allocation Ratio
| NCD Allocation Ratio | |
| Category | NCD’s Allocated |
| QIB – Category 1 | 15% |
| NII – Category 2 | 15% |
| HNI – Category 3 | 35% |
| RII – Category 4 | 35% |
Tata Capital Financial Services Limited NCD Offered
| NCD’s Offered | |
| Category | NCD’s Reserved |
| QIB – Category 1 | 750,000 |
| NII – Category 2 | 750,000 |
| HNI – Category 3 | 1,750,000 |
| RII – Category 4 | 1,750,000 |
| Total NCD’s | 5,000,000 |
Tata Capital Financial Services Limited NCD Coupon Rates
| Options/Series | I | II | III | IV |
| Frequency of Interest Payment | Annual | Annual | Annual | Annual |
| Who can apply | All category of investors can subscribe to all Options of NCDs | |||
| Minimum Application | Rs. 10,000 (across all Options collectively) | |||
| In multiples of thereafter | Rs. 1,000 (1 NCD) | |||
| Face Value (Rs. / NCD) | Rs. 1,000 | |||
| Issue Price (Rs. / NCD) | Rs. 1,000 | |||
| Tenor | 3 years | 5 years | 8 years | 10 years |
| Coupon Rate | ||||
| Category I and Category II | 8.35% | 8.40% | 8.55% | 8.75% |
| Category III and Category IV | 8.45% | 8.50% | 8.65% | 8.85% |
| Effective Yield (Per annum) | ||||
| Category I and Category II | 8.34% | 8.49% | 8.64% | 8.84% |
| Category III and Category IV | 8.44% | 8.49% | 8.64% | 8.84% |
| Mode of Interest Payment | Through various options available | |||
| Redemption Amount | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 | Rs. 1,000 |
| Maturity Date | 3 years | 5 years | 8 years | 10 years |
| Nature of indebtedness | Secured | Secured | Secured | Unsecured |
Tata Capital Financial Services Limited NCD Issue Object
These are the NCD Issue Objects of the company
- For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
- General corporate purposes
Tata Capital Financial Services Limited – Company Overview
They are a Systemically Important Non–Deposit taking Non–Banking Financial Company focused on providing a broad suite of financing products customized to cater the needs of various segments. Their financing products include:
- Corporate finance: The Corporate Finance Division offers commercial finance which offers vanilla term loans, working capital term loans, channel finance, bill discounting, construction equipment finance, leasing solutions, lease rental discounting, promoter finance and structured products. In addition, the Special Assets Management Group (“SAMG”) was formed to manage the project finance portfolio of the erstwhile infrastructure finance division;
- Consumer finance: The Consumer Finance and Advisory Business Division(“CFABD”)offers a wide range of consumer loans such as car and two-wheeler loans, commercial vehicle loans, tractor loans, business loans, loans against property, personal loans, consumer durable loans and loans against securities;
- Additionally, they have launched Tata cards, which are white label credit cards that enable customers to earn and redeem points across Tata group partners and offer convenient payment options in the form of EMIs.
Tata Capital Financial Services Limited NCD Lead Managers
| Lead Managers |
| A. K. Capital Services Limited
Axis Bank Limited Edelweiss Financial Services Limited |
Tata Capital Financial Services Limited NCD Debenture Trustee
| Debenture Trustee |
| Vistra ITCL (India) Limited The IL&FS Finance Centre Plot C-22, G Block Bandra Kurla Complex (Bandra East) Mumbai 400 051 Tel: +(91 22) 2659 3333 Fax: +(91 22) 2653 3297 Email: itclcomplianceofficer@vistra.com Investor Grievance Email: investorgrievancesitcl@vistra.com Website: vistraitcl.com Contact Person: Mr. Jatin Chonani SEBI Registration No.: IND000000578 |
Tata Capital Financial Services Limited NCD Registrar to offer
| Registrar to the Offer |
| Karvy Computershare Private Limited Karvy Selenium Tower B, Plot 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad 500 032 Tel: (+91 40) 6716 2222 Fax: (+91 40) 2343 1551 Email: einward.ris@karvy.com Investor Grievance Email: tcfsl.ncd@karvy.com Website: https://karisma.karvy.com/ Contact Person: Mr. M Murali Krishna SEBI Registration No.: INR000000221 |
Tata Capital Financial Services Limited NCD Ratings
The NCDs proposed to be issued under this Tranche I 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, and further revalidated by letter dated August 27, 2018, 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, and further revalidated by letter dated August 27, 2018.
The ratings of the NCDs issued by CRISIL Limited indicate the highest degree of safety regarding timely servicing of financial obligations.
Tata Capital Financial Services Limited NCD News
News 1 – Download RHP Prospectus
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