Nido Home Finance NCD August 2023 Description – Incorporated in 2008, Nido Home Finance is a non-deposit-taking Housing Finance Company focused on offering secured loan products to suit the needs of individuals, including small ticket loans to its customers in the affordable housing category. It is a part of Edelweiss group which is one leading diversified financial services group in India.
Nido Home Finances loan book was INR 3,069.21 crore as of 31 March 2023. Its total capital adequacy ratio as of 31 March 2023 computed on the basis of applicable NHB requirements was 32.06%, and its gross NPAs and net NPAs as a percentage of loan book were 1.91% and 1.46% respectively.
As of 30 June 2023, it has 67 offices in 67 cities in India, and the company operations are supported by 598 employees. The company offers customers a range of mortgage-related loan products, including:
- Home Loans, which include offering secured loans to salaried individuals, self-employed individuals, and others for purchase/ construction/ renovation of residential properties, against mortgage of the same property, comprise 56.97% of the Loan Book as of 31 March 2023.
- Non-housing loans including loans against property (LAP), is a loan facility majorly offered to self-employed individuals, against an unencumbered property, where the end use may be towards deployment of working capital, 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 31 March 2023.
- Construction Finance is a loan facility offered to real estate developers towards 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 mortgage of the same property and/or other collateral and comprises 11.62% of the Loan Book as of 31 March 2023.
Promoters of Nido Home Finance – Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited, and Edel Finance Company Limited
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 – 400 051, Maharashtra
Phone:Â +91 22 4084 5000
Email:Â [email protected]
Website: www.trustgroup.in
EDELWEISS FINANCIAL SERVICES LIMITED
801 – 804, Wing A, Building No 3, Inspire BKC,
G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051
Tel:Â +91 22 4086 3535
Email:Â [email protected]
Website:Â www.edelweissfin.com
TIPSONS CONSULTANCY SERVICES PRIVATE LIMITED
401, Sheraton House, Opp. Ketav Petrol Pump,
Polytechnic Road, Ambawadi Ahmedabad – 380015
Phone:Â +91 79 66828047/8460505716
Email:Â [email protected]
Website: www.tipsons.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: [email protected]
Website: www.kfintech.com
Nido Home Finance NCD Documents
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: [email protected]
Website: www.edelweisshousingfin.com
Nido Home Finance NCD August 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
|---|---|---|---|---|---|
| 12 Sep 2023 | 1.73 | 5.47 | 0.49 | 0.81 | 1.24 |
| 11 Sep 2023 | 0.00 | 5.23 | 0.42 | 0.68 | 0.96 |
| 8 Sep 2023 | 0.00 | 4.56 | 0.11 | 0.53 | 0.71 |
| 7 Sep 2023 | 0.00 | 0.69 | 0.09 | 0.46 | 0.29 |
| 6 Sep 2023 | 0.00 | 0.02 | 0.08 | 0.41 | 0.20 |
| 5 Sep 2023 | 0.00 | 0.02 | 0.07 | 0.36 | 0.17 |
| 4 Sep 2023 | 0.00 | 0.00 | 0.05 | 0.27 | 0.13 |
| 1 Sep 2023 | 0.00 | 0.00 | 0.04 | 0.16 | 0.08 |
| 31 Aug 2023 | 0.00 | 0.00 | 0.00 | 0.10 | 0.04 |
| 30 Aug 2023 | 0.00 | 0.00 | 0.00 | 0.06 | 0.02 |
Nido Home Finance NCD August 2023 Allotment Status
Nido Home Finance NCD August 2023 allotment status will be updated on the website of KFin Technologies’ website. Click on this link to get the allotment status
Nido Home Finance NCD August 2023 FAQs
What are the face value and lot size of Nido Home Finance NCD August 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Nido Home Finance NCD August 2023?
The frequency of payment for Nido Home Finance NCD is Monthly,  Annual, and cumulative.
What is the basis of allotment in the Nido Home Finance NCD August 2023 offer?
Nido Home Finance NCDs will be allotted on a First Come First Serve Basis.
