Tata Capital Financial Services Ltd.
NCD

Public Issue of Secured & Unsecured Redeemable Non-Convertible Debentures

Earn upto 9.10% p.a.*

Credit Ratings: CRISIL "AAA/Stable" & CARE "AAA/Stable"

To know more, call us at 1800 209 6060

Issue Highlights

Issue Secured NCDs and Unsecured NCDs(Subordinated Debt eligible for Tier II Capital)
Issue Size Base issue : Rs. 2000 Cr with an option to retain oversubscription upto Shelf Limit of Rs. 7,500 Cr
Issue Opens Monday, 10th September, 2018
Issue Closes Friday, 21st September, 2018 – Subject to early closure
Credit Ratings CRISIL AAA (Outlook:Stable) & CARE AAA (Outlook:Stable)
Listing On BSE & NSE. BSE shall be the designated Stock Exchange for the Issue
Issue Price Rs. 1000 per NCD
Face Value Rs. 1000 per NCD
Minimum Application Rs. 10,000 (10 NCDs) across all options collectively and in multiples of Rs. 1,000 after the minimum application amount across all options.
Lead Managers Edelweiss Financial Services Limited, A.K. Capital Services Limited and Axis Bank Limited
Registrar Karvy Computershare Private Limited

Issue Structure

Options/Series I II III
Frequency of Interest Payment 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) Rs. 1,000 (1 NCD) Rs. 1,000 (1 NCD)
Face Value of NCDs (` / NCD) Rs. 1,000 Rs. 1,000 Rs. 1,000
Issue Price (` / NCD) Rs. 1,000 Rs. 1,000 Rs. 1,000
Tenor from Deemed Date of Allotment 3 years 5 years 10 years
Coupon Rate
Category I & Category II 8.70% 8.80% 9.00%
Category III & Category IV 8.80% 8.90% 9.10%
Effective Yield (per annum)
Category I & Category II 8.70% 8.80% 9.00%
Category III & Category IV 8.80% 8.90% 9.10%
Mode of Interest Payment Through various options available
Redemption Amount (` / NCD) Rs. 1,000 Rs. 1,000 Rs. 1,000
Maturity Date (From Deemed Date of Allotment) 3 years 5 years 10 years
Nature of indebtedness Secured, rated and listed non-convertible debentures Secured, rated and listed non-convertible debentures Unsecured, subordinated, rated and listed non-convertible debentures eligible for inclusion as Tier II capital

Interest on Application amount

At the rate of the respective applicable coupon rate for the Options of NCDs allotted to investors, (on the Application Amount against which NCDs are allotted to the Applicants).

Interest on Refund Amount

At the rate of 6% per annum, on the Application Amount on all valid Applications, which is liable to be refunded to the Applicants (other than Application Amounts received after the Issue Closing Date and ASBA Applicants).

Security for Secured NCD's

The principal amount of the Secured NCDs to be issued in terms of this 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.


Basis of Allotment
Investor Category Allocation Ratio(Secured) Allocation Ratio(Unsecured)
Category I (Institutional Portion) 20% of the Secured NCDs portion of the Overall Issue Size 20% of the Unsecured NCDs portion of the Overall Issue Size
Category II (Non-Institutional Portion) 20% of the Unsecured NCDs portion of the Overall Issue Size 20% of the Unsecured NCDs portion of the Overall Issue Size
Category III (High Net-worth Individual Category Portion) 30% of the Unsecured NCDs portion of the Overall Issue Size 30% of the Unsecured NCDs portion of the Overall Issue Size
Category IV (Retail Individual Category Portion) 30% of the Unsecured NCDs portion of the Overall Issue Size 30% of the Unsecured NCDs portion of the Overall Issue Size

*For Option III, 10 years – Annual option for Category III & Category IV investors

Please reach out to the following lead managers: