Nido Home Finance NCD 2024 Details

Nido Home Finance Developers IPO is a fixed issue size of Rs 100.00 Crores. 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.

Feb 13-26

Rs 1000 per NCD

Rs 1000 each NCD

1 NCD

The Nido Home Finance NCD Face Value is Rs 1000 each NCD.

UGRO Capital Limited is a systemically important NBFC that does not take deposits and is registered with the RBI. The organization is a lender that focuses on India’s MSME sector. The organization offers loans to SMEs and MSMEs in the healthcare, education, chemicals, food processing/FMCG, hospitality, electrical appliances and components, automobile accessories and light engineering, and micro-enterprise sectors.

The company’s portfolio includes:

  • Home Loans: Offering secured loans to salaried, self-employed, and others for the purchase/construction/renovation of residential properties against a mortgage on the same property.
  • Non-Housing Loans including loans against property (LAP): Offering loans to self-employed, against an unencumbered property, where the purpose may be to provide working capital, purchase a property, or any other purpose.
  • Construction Loan: Loan facility for developers to finance the cost of building residential projects.
Issue OpenFebruary 13, 2024 – February 26, 2024
Security NameNido Home Finance Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)Rs 50.00 Crores
Issue Size (Oversubscription)Rs 50.00 Crores
Overall Issue SizeRs 100.00 Crores
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE
Credit RatingCRISIL A+/Stable by CRISIL Ratings Limited.
Tenor24, 36, 60 and 120 Months
SeriesSeries I to X
Payment FrequencyMonthly, Annual and Cumulative
Basis of AllotmentFirst Come First Serve Basis
Debenture Trustee/sBeacon Trusteeship Limited
Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets3,786.243,956.664,931.10
Revenue444.69513.91551.05
Profit After Tax16.0613.813.73
Net Worth794.47777.63762.79
Amount in ₹ Crore
#Series 1Series 2Series 3Series 4Series 5Series 6Series 7Series 8Series 9Series 10
Frequency of Interest PaymentAnnualCumulativeMonthlyAnnualCumulativeMonthlyAnnualCumulativeMonthlyAnnual
NatureSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecuredSecured
Tenor24 Months24 Months36 Months36 Months36 Months60 Months60 Months60 Months120 Months120 Months
Coupon (% per Annum)9.50%NA9.58%10.00%NA10.03%10.50%NA10.26%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 1,000.00Rs 1,199.13Rs 1,000.00Rs 1,000.00Rs 1,331.18Rs 1,000.00Rs 1,000.00Rs 1,648.27Rs 1,000.00Rs 1,000.00
Category NCD’s Allocated
Institutional10%
Non-Institutional10%
HNI40%
Retail40%
nido

Objects of the Issue

The company intends to use the funds raised by the issue:

  • For onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings of the Company.
  • General Corporate Purposes.

Registrar Info

NameKfin Technologies Limited
Phone number04067162222, 04079611000
Email IDnhfl.ncd@kfintech.com
Websitekosmic.kfintech.com

Contact Details

NameNido Home Finance Limited
Phone number+91 22 4272 2200
Email IDinvestorgrievances@nidohomefin.com
Websitenidohomefin.com
  • Experienced promoters and a competent management team.
  • Well-established relationships with a loyal customer base.
  • Access to markets worldwide, enabling global reach.
  • 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.

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