Tata Capital Financial Services Limited Profile:
Tata Capital Financial Services Limited is coming up with the Public issue by the Issuer of Secured NCDs up to 6,00,000 lakh and Unsecured Subordinated NCDs up to 1,50,000 lakhs, aggregated up to 7,50,000 lakhs.
Tata Capital Financial Services Limited NCD Details:
Symbol: TCFSLNCD
Issue Period: 10-Sep-2018 to 21-Sep-2018
Issue Size: Public Issue of Secured Redeemable Non-Convertible Debentures of upto Rs 6,00,000 lakhs and Un-Secured Subordinated Redeemable Non-Convertible Debentures upto Rs. 1,50,000 Lakhs. Issue Size of Tranche 1 upto Rs. 2,00,000 Lakhs (Base Issue) with an option to retain oversubscription upto Rs.7,50,000 Lakhs
Security Type: Secured Redeemable Non-Convertible Debentures and Un-Secured Subordinated Redeemable Non-Convertible Debentures
Price: Rs 1000
Face Value: Rs 1000
Market Lot: 1 (one) NCD
Minimum Application Value: 10 (Ten) NCDs (Rs. 10,000) either taken individually or collectively across all series of NCDs and in multiple of 1 NCD (Rs.1000) thereafter
IPO Grading: CRISIL AAA / Stable & CARE AAA; Stable
Rating Agency: CRISIL Limited and CARE Ratings Limited
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Lead Managers: Edelweiss Financial Services Limited, Axis Bank Limited and A.K. Capital Services Limited
Name of the Registrar: Karvy Computershare Private Limited
Tata Capital Financial Services Limited Issue Size:
Public Issue of Secured Redeemable Non-Convertible Debentures of up to Rs 6,00,000 lakhs and Un-Secured Subordinated Redeemable Non-Convertible Debentures up to Rs. 1,50,000 Lakhs. Issue Size of Tranche 1 up to Rs. 2,00,000 Lakhs (Base Issue) with an option to retain oversubscription up to Rs.7,50,000 Lakhs
Tata Capital Financial Services Limited Interest Rate and Frequency:
Series | I | II | III |
Tenure(Years) | 3 | 5 | 10 |
The frequency of Interest Payment | Annual | Annual | Annual |
Coupon Rate for Category I & II NCD Holders | 8.70% | 8.80% | 9.00% |
Coupon Rate for Category III & IV NCD Holders | 8.80% | 8.90% | 9.10% |
Effective Yield for Category I & II NCD Holders | 8.70% | 8.80% | 9.00% |
Effective Yield for Category III & IV NCD Holders | 8.80% | 8.90% | 9.10% |
Redemption Amount | 1000 | 1000 | 1000 |
Maturity Date (Years from the Deemed Date of Allotment) | 3 Years | 5 years | 10 Years |