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Incorporated in 2010. Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited) is a Housing Finance Company that has been providing access to credit to customers for various kinds of loans.
The company's portfolio includes:
As of June 30, 2023, Nido have 67 offices in 67 cities in India. The company's operations are supported by 598 employees as of June 30, 2023.
| Issue Open | August 30, 2023 - September 12, 2023 |
| Security Name | Nido Home Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 75.00 Crores |
| Issue Size (Shelf) | Rs 150.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE |
| Credit Rating | CRISIL AA-/Negative & [ICRA] A+ (Stable) |
| Tenor | 24, 36, 60 and 120 months |
| Series | Series I to X |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Beacon Trusteeship Limited |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 40% |
| Retail | 40% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 75,000 |
| Non-Institutional | 75,000 |
| HNI | 300,000 |
| Retail | 300,000 |
| Total NCD's | 750,000 |
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 |
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.
Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited and Edel Finance Company Limited are the company promoters.
| 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:
The Nido Home Finance NCD Aug 2023 was subscribed 1.24 times on September 12, 2023 6:27:00 PM. The NCD subscribed 0.81 times in Retail, 0.49 times in HNI, 5.47 times in Non-Institutional, and 1.73 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 0.81x |
| HNI | 0.49x |
| Non-Institutional | 5.47x |
| Institutional | 1.73x |
| Total | 1.24x |
3 2.3 Rating:  Vote Here ... |
Nido Home Finance Limited
Tower 3, 5th Floor, Wing B,
Kohinoor City Mall Kohinoor City, Kirol Road,
Kurla (West) Mumbai 400070, Maharashtra, India
Phone: +91 22 4272 2200
Email: investorgrievances@nidohomefin.com
Website: http://www.nidohomefin.com
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: nhfl.ncd@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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