Tata Capital Housing Finance Limited

Public issue by our Company of secured, rated, listed, redeemable, non-convertible debentures of face value of ₹ 1,000 each and unsecured, subordinated, rated, listed, redeemable, non-convertible debentures of face value of ₹ 1,000 each.

Earn upto 8.70% p.a.*

Credit Ratings: CRISIL AAA/Stable & [ICRA] AAA (Stable)

Issue Highlights

issue
Secured NCDs and Unsecured NCDs(Subordinated Debt eligible for Tier II Capital)
Issue Size
Rs. 2000 Cr
Issue Opens
Tuesday, 7th January, 2020
Issue Closes
Friday, 17th January, 2020 – Subject to early closure
Credit Ratings
CRISIL AAA/Stable & [ICRA] AAA (Stable)
Listing On
BSE & NSE. NSE 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
Registrar
KFin Technologies Private Limited (formerly known as Karvy Fintech Private Limited).

Issue Structure

Series
I*
II
III
IV
V
VI
Frequency of Interest Payment
Annual
Monthly
Annual
Monthly
Annual
Annual
Type of NCD
Secured
Secured
Secured
Secured
Secured
Unsecured
Minimum Application
₹10,000 (10 NCDs) across all Series
Face Value / Issue Price of NCDs (₹/ NCD)
₹ 1,000
In Multiples of thereafter (₹)
₹ 1,000/- (1 NCD)
Tenor
36 months
60 months
60 months
96 months
96 months
120 months
Coupon (% per annum) for NCD Holders
Category I & II
8.00%
7.92%
8.20%
8.01%
8.30%
8.55%
Category III & IV
8.10%
8.01%
8.30%
8.10%
8.40%
8.70%
Effective Yield (% p.a.) for NCD Holders
Category I & II
7.99%
8.21%
8.19%
8.30%
8.29%
8.54%
Category III & IV
8.09%
8.30%
8.29%
8.40%
8.39%
8.69%
Mode of Interest Payment
Through various modes available
Amount (Rs / NCD) on Maturity for NCD Holders in Category I, II, III & IV
₹1,000
₹1,000
₹1,000
₹1,000
₹1,000
₹1,000

*Our Company would allot the Series I NCDs, as specified in this Tranche 1 Prospectus to all valid Applications, wherein the Applicants have not indicated their choice of the relevant Series of NCDs. This is subject to applicable tax deducted at source, if any.

Security

The Secured NCDs would constitute secured obligations of our Company and shall rank pari passu inter se, present and future and subject to any obligations under applicable statutory and/or regulatory requirements, shall be secured by way of a first ranking pari passu charge by way of mortgage over our Company’s specific immovable property and a first ranking pari passu floating charge over the movable properties of our Company, including book debts (excluding the exclusive charge created by our Company in favour of NHB as security for the due repayment for financial assistance by way of refinancing granted by NHB to our Company).

No security will be created for Unsecured NCDs in the nature of Subordinated Debt. The rated, listed, redeemable Unsecured NCDs are in the nature of subordinated debt and will be eligible for Tier II Capital.

Basis of Allotment
Investor Category
Allocation Ratio
Category I (QIB Portion)
10% of the Tranche I Issue Limit
Category II (Corporate Portion)
10% of the Tranche I Issue Limit
Category III (HNI Portion)
40% of the Tranche I Issue Limit
Category IV (Retail Portion)
40% of the Tranche I Issue Limit

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

Please reach out to the following lead managers:

Edelweiss Financial Services Limited

Edelweiss House, Off CST Road Kalina Mumbai 400 098

Tel: (91 22) 4086 3535

Fax: (91 22) 4086 3610

Email: tchfl.ncd@edelweissfin.com

Investor Grievance Email: customerservice.mb@edelweissfin.com

Website: www.edelweissfin.com

Contact Person: Mr. Lokesh Singhi

Compliance Officer: Mr. B. Renganathan

SEBI Registration Number: INM0000010650

A. K. Capital Services Limited

30-38, Free Press House, 3rd Floor, Free Press Journal Marg 215, Nariman Point, Mumbai 400 021

Tel: (91 22) 6754 6500

Fax: (91 22) 6610 0594

Email: tchfl.ncd2019@akgroup.co.in

Investor Grievance Email: investor.grievance@akgroup.co.in

Website: www.akgroup.co.in

Contact Person: Ms. Aanchal Wagle/ Mr. Lokesh Shah

Compliance Officer: Mr. Tejas Davda

SEBI Registration Number: INM000010411