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NCD Status: Closed [30th Aug 2023 to 12th Sep 2023]
Nido Home Finance Limited issues secured and Redeemable NCD comprises Base issue size worth of Rs 75.00 Cr and Shelf issue size of worth Rs 150.00 Cr. The subscription is opening from 30 Aug 2023 to 12 Sept 2023. The company issues series I to X at an issue price of Rs. 1000 per NCD . One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs) . The face value of each NCD is Rs 1000. The NCD tenor is 24, 36, 60 and 120 months with a coupon rate ranging from 8.95 % to 10.46 % per annum.
Check more about the Nido Home Finance Limited including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 30th Aug 2023 |
| NCD Closing Date: | 12th Sep 2023 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹75.00Cr |
| Issue Size (Shelf): | ₹150.00Cr |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE |
| Tenor: | 24, 36, 60 and 120 months |
| Rating: | CRISIL AA-/Negative & [ICRA] A+ (Stable) |
| Series: | Series I to X |
| Payment Frequency: | Monthly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 30th Aug 2023 |
| NCD Issue Close | 12th Sep 2023 |
| BSE Code: | 3129 |
| BSE Script Symbol: | NHFL |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 75000 | 10% |
| Non-Institutional | 75000 | 10% |
| HNI | 300000 | 40% |
| Retail | 300000 | 40% |
Nido Home Finance Limited was established in May 30, 2008. This Company is a non-deposit taking Housing Finance Company focused on offering secured loan products to suit the needs of the individuals, including small ticket loans to their customers in the affordable housing category. They are a part of Edelweiss group which is one leading diversified financial services groups in India. They offer customers a range of mortgage-related loan products, including:
Over the past several years, they have diversified and expanded their presence into markets that are of greater relevance to the products they offer. Their offices aim at providing quick and seamless customer experience with emphasis on a single window interface for the customer. Their Branch Operations have significant technology architecture to ensure industry leading customer experience.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 4,931.10 | 3,956.66 | 3,786.24 |
| Revenue | 551.05 | 513.91 | 444.69 |
| Profit After Tax | 3.73 | 13.81 | 16.06 |
| Net Worth | 762.79 | 777.63 | 794.47 |
| Reserves and Surplus | |||
| Total Borrowing |
The company proposes to utilise the funds which are being raised through the Issue:
Nido Home Finance Limited NCD Coupon Rates
| # | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | NA | Monthly | Annual | NA | Monthly | Annual | NA | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | NA | 9.20% | 9.60% | NA | 9.67% | 10.10% | NA | 10.00% | 10.45% |
| Effective Yield (% per Annum) | 8.95% | 9.58% | 9.59% | 9.60% | 10.10% | 10.09% | 10.10% | 10.46% | 10.44% |
| Amount on Maturity (In Rs.) | Rs 1,187.30 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,317.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,618.70 | Rs 1,000.00 | Rs 1,000.00 |
Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited and Edel Finance Company Limited are the company promoters.
The NCDs proposed to be issued under the Issue have been rated "CRISIL AA-/Negative" (pronounced as CRISIL double A minus rating with negative outlook) for an amount of ₹ 1,500 million by CRISIL Ratings Limited and;"[ICRA] A+ (Stable)" for an amount of ₹ 1,500 million by ICRA Limited.
Last Updated on 2023-09-15T06:33:01+00:00
