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Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited) was established in 2008 and is a non-deposit-taking housing finance company offering customers access to credit for various types of loans. Nido Home Finance is a part of the Edelweiss Group, one of the leading diversified financial services groups in India.
The company's portfolio includes:
As of December 31, 2023, Nido has 67 branches in 67 cities in India. The company's operations are supported by 595 employees (as of December 31, 2023).
| Issue Open | February 13, 2024 - February 26, 2024 |
| Security Name | Nido Home Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 50.00 Crores |
| Issue Size (Oversubscription) | Rs 50.00 Crores |
| Overall Issue Size | Rs 100.00 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 A+/Stable by CRISIL Ratings Limited. |
| Tenor | 24, 36, 60 and 120 Months |
| Series | Series I to X |
| Payment Frequency | Monthly, Annual and Cumulative |
| 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 | 50,000 |
| Non-Institutional | 50,000 |
| HNI | 200,000 |
| Retail | 200,000 |
| Total NCD's | 500,000 |
Nido Home Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 9.50% | NA | 9.58% | 10.00% | NA | 10.03% | 10.50% | NA | 10.26% | 10.75% |
| Effective Yield (% per Annum) | 9.50% | 9.50% | 10.00% | 10.00% | 10.00% | 10.49% | 10.49% | 10.50% | 10.75% | 10.74% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,199.13 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,331.18 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,648.27 | Rs 1,000.00 | Rs 1,000.00 |
Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited, and Edel Finance Company Limited are the promoters of the company.
Nido Home Finance Limited's revenue decreased by -13.47% and profit after tax (PAT) rose by 16.34% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,786.24 | 3,956.66 | 4,931.10 |
| Revenue | 444.69 | 513.91 | 551.05 |
| Profit After Tax | 16.06 | 13.81 | 3.73 |
| Net Worth | 794.47 | 777.63 | 762.79 |
| Amount in ₹ Crore | |||
The company intends to use the funds raised by the issue:
The Nido Home Finance NCD February 2024 was subscribed 1.87 times on February 26, 2024 6:00:00 PM. The NCD subscribed 2.22 times in Retail, 1.75 times in HNI, 1.44 times in Non-Institutional, and 1.40 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 2.22x |
| HNI | 1.75x |
| Non-Institutional | 1.44x |
| Institutional | 1.40x |
| Total | 1.87x |
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Nido Home Finance Limited
Tower 3, 5th Floor,
Wing B, Kohinoor City Mall Kohinoor City,
irol Road, Kurla (West) Mumbai - 400070
Phone: +91 22 4272 2200
Email: investorgrievances@nidohomefin.com
Website: https://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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