Nido Home Finance, a non-deposit-taking housing finance company founded in 2008, focuses on providing secured loan products tailored to each customer’s needs, including small-ticket loans to those who fall under the affordable housing category. It is a component of the Edelweiss Group, a well-known provider of varied financial services in India.
As of March 31, 2023, Nido Home Finances had a loan book worth INR 3,069.21 crore. As of March 31, 2023, it had a total capital adequacy ratio of 32.06% when calculated using the applicable NHB regulations, and its gross and net nonperforming assets as a percentage of loan book were 1.91% and 1.46%, respectively. It had 67 offices in 67 Indian cities as of June 30, 2023, and 598 people worked to support the business’ operations. The business provides customers with a variety of mortgage-related financing
options products, such as:
- Home Loans, which include offering secured loans to salaried individuals, self-employed individuals, and others for the purchase, construction, or renovation of residential properties against the mortgage of the same property, comprise 56.97% of the Loan Book as of March 31, 2023.
- Non-housing loans, including loans against property (LAP), are a loan facility primarily offered to self-employed individuals against an unencumbered property, where the end use may be towards the deployment of working capital, the purchase of property, or any other purpose. LAP includes offering loans for business purposes for the purchase of commercial property or for investment in assets against a mortgage of the same property, comprising 31.41% of the Loan Book as of March 31, 2023.
- Construction Finance is a loan facility offered to real estate developers to cover the cost of the construction of residential projects. The financing is against real estate collateral, along with/without any other security. The loan disbursements are construction-linked. Construction Finance includes offering loans for the construction of residential projects against the mortgage of the same property and/or other collateral and comprises 11.62% of the Loan Book as of March 31, 2023.
Nido Home Finance NCD August 2023 Details
| Subscription Dates | 30 Aug – 12 Sep 2023 | |||
|---|---|---|---|---|
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) | |||
| Face Value | INR 1,000 per NCD | |||
| Issue Price | INR 1,000 per NCD | |||
| Issue Size (Base) | INR 75 crores | |||
| Overall Issue Size (including oversubscription) | INR 150 crores | |||
| Minimum Lot Size | 10 NCDs | |||
| Market Lot | 1 NCD | |||
| Tenor | 24 months 36 months 60 months 120 months | |||
| Credit Rating | ICRA A+ Stable, CRISIL AA-/Negative | |||
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 10% Category 3 (HNI): 40% Category 4 (Retail): 40% | |||
| Basis of Allotment | First Come First Serve | |||
| Listing On | BSE |
Nido Home Finance NCD August 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
|---|---|---|---|---|---|
| Series 1 | 24 months | Annual | 8.95% | 8.94% | INR 1,000 |
| Series 2 | 24 months | Cumulative | NA | 8.95% | INR 1,187.30 |
| Series 3 | 36 months | Monthly | 9.20% | 9.58% | INR 1,000 |
| Series 4 | 36 months | Annual | 9.60% | 9.59% | INR 1,000 |
| Series 5 | 36 months | Cumulative | NA | 9.60% | INR 1,317.0 |
| Series 6 | 60 months | Monthly | 9.67% | 10.10% | INR 1,000 |
| Series 7 | 60 months | Annual | 10.10% | 10.09% | INR 1,000 |
| Series 8 | 60 months | Cumulative | NA | 10.10% | INR 1,618.70 |
| Series 9 | 120 months | Monthly | 10.00% | 10.46% | INR 1,000 |
| Series 10 | 120 months | Annual | 10.45% | 10.46% | INR 1,000 |
Nido Home Finance Non-Convertible Debentures Lead Manager
TRUST INVESTMENT ADVISORS PRIVATE LIMITED
109/110, Balarama, Bandra Kurla Complex,
Bandra (East), Mumbai (400051), Maharashtra
Phone: +91 22 4084 5000
Email: projectsamridhi.Trust@trustgroup.in
Website: https://www.trustgroup.in
Nido Home Finance Contact Details
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@edelweisshousingfin.com
Website: https://www.edelweisshousingfin.com
Nido Home Finance Non-Convertible Debentures Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: nhfl.ncd@kfintech.com
Website: https://www.kfintech.com
Nido Home Finance NCD Documents
- Nido Home Finance NCD Prospectus
- Nido Home Finance NCD Draft Prospectus
- Upcoming NCDs
Nido Home Finance NCD August 2023 FAQs:
Q1. What are the face value and lot size of Nido Home Finance NCD August 2023?
Ans. The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
Q2. What is the frequency of interest payment in Nido Home Finance NCD August 2023?
Ans. The frequency of payment for Nido Home Finance NCD is Monthly, Annual, and cumulative.
Q3. What is the basis of allotment in the Nido Home Finance NCD August 2023 offer?
Ans. Nido Home Finance NCDs will be allotted on a First Come First Serve Basis.
