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Nido Home Finance NCD 2024- Details

NCD Status: Open [13th Feb 2024 to 26th Feb 2024]

Rated 3/5 by Team InvestorGain
Nido Home Finance NCD Detail

Nido Home Finance Limited is issuing secured and redeemable NCDs with a base issue size of Rs 50.00 Cr and an Oversubscription issue size of Rs 50.00 Cr. The subscription period is opening from 13 Feb to 26 Feb 2024 and the company is issuing Series I to X at an issue price of Rs. 1000 per NCD. The lot size of NCD is about 10 lots , so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs is 24, 36, 60 and 120 months with a coupon rate of 9.50% to10.75% per annum.

Learn more about Nido Home Finance Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.

Nido Home Finance NCD Details

NCD Opening Date: 13th Feb 2024
NCD Closing Date: 26th Feb 2024
NCD Type: Secured NCD
Issue Size (Base): ₹50.00Cr
Issue Size (Shelf):
Face Value: Rs 1000 each NCD
Issue Price: Rs 1000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCD
Min Order Amount: Rs 10000
Listing at: BSE
Tenor: 24, 36, 60 and 120 Months
Rating: CRISIL A+/Stable by CRISIL Ratings Limited.
Series: Series I to X
Payment Frequency: Monthly, Annual and Cumulative
Basis of Allotment:
Interest on return:
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 13th Feb 2024
NCD Issue Close 26th Feb 2024
BSE Code: 3318
BSE Script Symbol: NHFLNCD

* - Tentative Dates

Offer Details

Category Name NCD's Reserved NCD's Allocated
Institutional 50000 10%
Non-Institutional 50000 10%
HNI 200000 40%
Retail 200000 40%

About Company - Nido Home Finance

Established in May 2008, Nido Home Finance Limited is a non-deposit-based housing finance company focused on offering secured lending products that meet the needs of individuals, including small loans for customers in the affordable housing category.

This limited offers customers a range of mortgage-related loan products, including:

  • Home Loans
  • Non-Housing Loans including loan against property (LAP)
  • Construction Finance

Nido Home Finance Limited Financial Information (Restated)

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 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

Nido Home Finance NCD Objective

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

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

Nido Home Finance Limited NCD Coupon Rates

#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

Nido Home Finance NCD Promoters

Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited, and Edel Finance Company Limited are the promoters of the company.

Nido Home Finance NCD Rating Details

The NCDs proposed to be issued under this Issue have been rated "CRISIL A+/Stable" for an amount of ₹5,000 million by CRISIL Ratings Limited.

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Nido Home Finance NCD Imporatant Links

  • Nido Home Finance NCD DRHP >>Document
  • Nido Home Finance NCD RHP >>Document
  • Nido Home Finance NCD DRHP Shelf >>Nido Home Finance NCD Draft Prospectus Shelf is not yet available.
  • Nido Home Finance NCD RHP Shelf >>Nido Home Finance NCD Red Herring Prospectus Shelf is not yet available.
  • Nido Home Finance NCD Allotment Status >>Nido Home Finance NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Nido Home Finance Limited
Tower 3, 5th Floor, Wing B,
Kohinoor City Mall Kohinoor City, irol Road, Kurla (West)
Mumbai,Maharashtra-400 070
India
Website: https://www.nidohomefin.com/
Phone: +91 22 4272 2200
Email: [email protected]

Nido Home Finance NCD Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: [email protected]

Nido Home Finance NCD Lead Manager

  1. Tipsons Consultancy Services Private Limited
  2. Nuvama Wealth Management Limited
Nido Home Finance NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Nido Home Finance? Should I apply in Nido Home Finance NCD?

Last Updated on 2024-02-22T05:33:12+00:00


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