Tata Capital Financial Services Limited announced its public issue of Secured NCDs up to Rs. 6000 Cr & Unsecured Subordinated NCDs up to Rs. 1500 Cr, aggregating up to Rs. 7500 Cr. Tata Capital Financial Services NCD is scheduled From September 10, 2018 – September 21, 2018 with a issue price of Rs. 1,000 per NCD.
Investors can get all important information as Price, Date, Prospectus, Credit Rating, Listing, Maturity, allocation ratio, allotment status, subscription details, application form, Lead Managers and Registrar of the Issue.
Summary Of Issue:
| Issuer:- | Tata Capital Financial Services Limited |
| Issue Open:- | September 10, 2018 – September 21, 2018 |
| Issue Size (Value) | Secured NCDs up to Rs. 6000 Cr & Unsecured Subordinated NCDs up to Rs. 1500 Cr, aggregating up to Rs. 7500 Cr |
| Tenure | 3, 5 & 10 Years |
| Interest Rate on NCDs | up to 9.10% |
| Issue Price | Rs. 1,000 Per NCD |
| Face Value | Rs. 1,000 Per NCD |
| Minimum Application size | Rs 10,000 (10 NCDs) and in multiple of Rs 1,000 thereafter. |
| Nature of Instrument | Secured Redeemable Non‐Convertible Debentures and Unsecured Subordinated Redeemable Non‐Convertible Debentures eligible for inclusion as Tier II capital. |
| Credit Ratings | “AAA/stable” by CRISIL and ‘CARE AAA (stable)’ by CARE |
| Listing At | BSE & NSE |
| Basis of Allotment | “First come First Serve” Basis |
| Mode of Issue | In dematerialized form only |
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Specific Terms of Tata Capital Financial Services NCD
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Tata Capital Financial Services NCD Allocation Ratio: (Category Wise)
| Category | Size |
| QIB Portion | 20% of the Overall Issue Size – (Rs.1500 Crores) |
| Non Institutional Portion | 20% of the Overall Issue Size – (Rs.1500 Crores) |
| HNI Portion | 30% of the Overall Issue Size – (Rs.2500 Crores) |
| Retail Individual Investor | 30% of the Overall Issue Size – (Rs.2500 Crores) |
Tata Capital Financial Services NCD Subscription details
| Category | No.of Bonds/NCDs offered/ reserved | No. of Bonds bid for | No of times subscribed |
| Category I | 4000000 | 281280 | 0.07 |
| Category II | 4000000 | 1073518 | 0.27 |
| Category III | 6000000 | 1682004 | 0.28 |
| Category IV | 6000000 | 12524053 | 2.09 |
| Total | 20000000 | 15560855 | 0.78 |
* Updated as on 12th September 2018 at 05:00 pm
Who can apply Tata Capital Financial Services Ltd NCD?
Category I – Institutional Investors
- Public financial institutions, scheduled commercial banks, Indian multilateral and bilateral development financial institution which are authorized to invest in the NCDs;
- Provident funds, pension funds with a minimum corpus of Rs 2,500 lakh, superannuation funds and gratuity funds, which are authorized to invest in the NCDs;
- Mutual Funds registered with SEBI
- Resident Venture Capital Funds/ Alternative Investment Fund registered with SEBI;
- Insurance Companies registered with IRDA;
- State industrial development corporations;
- Insurance funds set up and managed by the army, navy, or air force of the Union of India;
- Insurance funds set up and managed by the Department of Posts, the Union of India;
- Systemically Important Non‐Banking Financial Company, a nonbanking financial company registered with the Reserve Bank of India and having a net‐worth of more than Rs 5000 crore as per the last audited financial statements;
- National Investment Fund set up by resolution no. F. No. 2/3/2005‐DDII dated November 23, 2005 of the Government of India published in the Gazette of India;
Category II – Non Institutional Investors
- Companies within the meaning of section 2(20) of the Companies Act, 2013; statutory bodies/ corporations and societies registered under the applicable laws in India and authorized to invest in the NCDs;
- Co‐operative banks and regional rural banks
- Public/private charitable/ religious trusts which are authorized to invest in the NCDs;
- Scientific and/or industrial research organizations, which are authorized to invest in the NCDs;
- Partnership firms in the name of the partners;
- Limited liability partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009);
- Association of Persons; and
- Any other incorporated and/ or unincorporated body of persons.
Category III ‐ High Net‐worth Individual, Investors
- Resident Indian individuals or Hindu Undivided Families through the Karta applying for an amount aggregating to above Rs 10 lakh across all series of NCDs in Tranche 1 Issue
Category IV – Retail Individual Investors
- Resident Indian individuals or Hindu Undivided Families through the Karta applying for an amount aggregating up to and including Rs 10 lakh across all series of NCDs in Tranche 1 Issue.
Note: – Requested to avoid ASBA Application for said NCD. Usually bank do not accepts ASBS application over Debt issue because it is not made compulsory as of now from regulator.
Download “Tata Capital Financial Services Limited” NCD Application Form
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Lead Managers To The Issue:-
1. A. K. Capital Services Limited
2. Axis Bank Limited
Registrar To The Issue:-
Karvy Computershare Private Limited
For More Details Contact us 011-42445800 / 9650901058
or
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