Nido Home Finance Limited Issue Open was confirmed from June 13, 2024 – June 17, 2024. Read the post to learn about IIFL Samasta Finance Limited NCD.
Nido Home Finance Limited (formerly 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 part of the Edelweiss Group, one of India’s leading diversified financial services groups.
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Key Details Of IIFL Samasta Finance Limited
Issue Dates
June 13–17
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
IIFL Samasta Finance Limited NCD
Nido Home Finance Limited NCD Face Value is Rs 1000 each NCD.
IIFL Samasta Finance Limited NCD Overview
The business provides loans tailored for marginalized people without access to regular banking. These loans consist of income-generating loans (IGL) for launching or growing a business, additional loans, property loans, small business loans, and loans for personal and family well-being.
The last type of loan provides funds for items that can enhance their quality of life, like loans for livestock, sanitation and hygiene loans, and loans for buying daily essentials like stoves, water filters, phones, and solar lights.
IIFL Samasta Finance Limited NCD Detail
| Issue Open | June 13, 2024 – June 17, 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+/ Watch Negative |
| 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 |
IIFL Samasta Finance Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,764.95 | 3,786.24 | 3,956.66 |
| Revenue | 465.71 | 444.69 | 513.91 |
| Profit After Tax | 19.31 | 16.06 | 13.81 |
| Net Worth | 814.79 | 794.47 | 777.63 |
| Amount in ₹ Crore | |||
IIFL Samasta 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 | NA | Monthly | Annual | NA | Monthly | Annual | NA | 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 Days | 120 Days |
| 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% | 10.01% | 10.00% | 10.00% | 10.50% | 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 1,648.17 | Rs 1,000.00 | Rs 1,000.00 |
IIFL Samasta Finance Limited NCD Allocation Ratio
Company Profile
Nido Home Finance Limited is a top housing finance company offering Home Loans & Loan against Property (LAP) to customers from all income groups. Nido Home Finance Limited strives to help customers achieve their dream of owning a home and building wealth, especially for self-employed and salaried individuals. We prioritize our customers by providing tailored loan solutions based on their needs and offering the appropriate loan amount.
Nido is under the regulation of the National Housing Bank (NHB)
with Certificate of Registration (CoR) No. 03.0081.10 dated 18/03/2010. Nevertheless, NHB does not take any responsibility or provide assurance regarding the current financial stability of the company or the accuracy of any statements, representations, or opinions expressed by the company.
Registrar Info
| Name | Nido Home Finance Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Nido Home Finance Limited |
| Phone number | +91 22 4272 2200 |
| Email ID | [email protected] |
| Website | nidohomefin.com |
NCD Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
NCD Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
