Tata Capital Financial Services Limited NCD

Tata Capital Financial Service Ltd is a Systemically Important Non–Deposit taking Non–Banking Financial Company (ND–SI–NBFC) focused on providing a broad suite of financing products customized to cater the needs of various segments. It has a robust marketing and distribution network which provides customers a diversified financial services platform with presence in 23 states through 125 offices as on June 30, 2019. TCFSL is promoted by and is a wholly owned subsidiary of Tata Capital Ltd. (TCL), which is a diversified financial services company providing services through its subsidiaries to retail, corporate and institutional clients.


TCFSL’s total income (Consolidated) and profit after tax from continuing operations of the Company (Consolidated) for the year ended March 31, 2019 stood at Rs 5,585.66 crore and Rs 432.81 crore respectively.

Tata Capital Financial Services Ltd is coming with the 2nd tranche of public issue of (i) secured, redeemable non-convertible debentures of face value of Rs 1,000 each, up to Rs 2997.9 crore and (ii) Unsecured, Subordinated, Redeemable, Non-Convertible Debentures of face value of Rs 1,000 each (Unsecured NCDs) up to Rs 1128.1 crore aggregating up to Rs 4126 crore (Tranche II Issue).

Tata Capital Financial Services Limited NCD

Issue Details

 Issuer  Tata Capital Financial Services Limited ( View Report )
 Issue Size  Public issue of secured, redeemable non-convertible debentures of face value of Rs 1,000 each, up to Rs 2997.9 crore and Unsecured, Subordinated, Redeemable, Non-Convertible Debentures of face value of Rs 1,000 each (“Unsecured NCDs”) up to Rs 1128.1 crore aggregating upto Rs 4126 crore (“Tranche II Issue”). The base issue size of tranche II issue is Rs 500 crore with an option to retain oversubscription upto Rs 3626 crore, aggregating upto Rs 4126 crore (“Residual Shelf Limit”).
 Issue opens  Tuesday , 13th August 2019
 Issue closes  Friday , 23rd August 2019
 Allotment  First Come First Serve Basis, Compulsory in demat form
 Face Value  Rs 1000 per NCD
 Issue Price  Rs 1000 per NCD
 Nature of Instrument

 Secured Redeemable Non-Convertible Debentures and Unsecured Subordinated Redeemable Non-Convertible Debentures eligible for
inclusion as Tier II capital.
 Minimum Application  Rs 10,000 (10 NCDs) collectively across all Options and in multiple of Rs 1,000 (1 NCD) thereafter across all Options
 Rating  ‘CRISIL AAA/Stable’ by CRISIL CARE AAA; Stable by CARE Limited
 Security and Asset Cover  The principal amount of the Secured NCDs to be issued in terms of the Tranche II Issue together with all interest due on the Secured NCDs, as well as all costs, charges, all fees, remuneration of Debenture Trustee and expenses payable in respect thereof shall be secured by way of first ranking pari passu charge on the identified immovable property and on identified book debts, loans and advances, and receivables, both present and future, of TCFSL. TCFSL has created the security for the Secured NCDs in favour of the Debenture Trustee for the NCD Holders on the assets to ensure 100% security cover of the amount outstanding in respect of the Secured NCDs, including interest thereon, at any time.


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 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
 Tenor  3 Years  5 Years  8 Years  10 Years

 Coupon (%) Category I and Category II 

 8.35% 8.40% 8.55% 8.75% 

 Coupon (%) Category III and Category IV

 8.45% 8.50% 8.65%  8.85%

 Effective Yield (per annum) Category I and Category II

 8.34% 8.39% 8.54% 8.74%

 Effective Yield (per annum) Category III and Category IV

 8.44% 8.49% 8.64% 8.84%

 Redemption amount (Rs per NCD)

 Rs 1000   

 Put and call option

 NA

 Redemption Date(Years from theDeemed Date ofAllotment)

 3 Years 5 Years 8 Years 10 Years

 Minimum Application

 Rs 10,000 (10 NCDs) across all the Options collectively

 In multiples of thereafter

 Rs 1,000 (1 NCD)

 Face Value / IssuePrice (Rs Per NCD)

 Rs 1,000 (1 NCD)

 Mode of InterestPayment

 Through various options available

 Nature of indebtedness

 Secured Secured Secured Unsecured 

 

Allocation Ratio

Institutional Portion Non-Institutional Portion High Net Worth Individual Portion Retail Individual Investor Portion
15% of the Overall Issue Size 15% of the Overall Issue Size 35% of the Overall Issue Size 35% of the Overall Issue Size

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