10.46% Nido Home Finance NCD August 2023


Last updated on September 12, 2023

NCD Subscription Allotment Status
Nido Home Finance NCD

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 Dates30 Aug – 12 Sep 2023
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Face ValueINR 1,000 per NCD
Issue PriceINR 1,000 per NCD
Issue Size (Base)INR 75 crores
Overall Issue Size (including oversubscription)INR 150 crores
Minimum Lot Size10 NCDs
Market Lot1 NCD
Tenor24 months
36 months
60 months
120 months
Credit RatingICRA A+ Stable, CRISIL AA-/Negative
Category ReservationCategory 1 (QIB): 10%
Category 2 (NII): 10%
Category 3 (HNI): 40%
Category 4 (Retail): 40%
Basis of AllotmentFirst Come First Serve
Listing OnBSE

Nido Home Finance NCD August 2023 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 124 monthsAnnual8.95%8.94%INR 1,000
Series 224 monthsCumulativeNA8.95%INR 1,187.30
Series 336 monthsMonthly9.20%9.58%INR 1,000
Series 436 monthsAnnual9.60%9.59%INR 1,000
Series 536 monthsCumulativeNA9.60%INR 1,317.0
Series 660 monthsMonthly9.67%10.10%INR 1,000
Series 760 monthsAnnual10.10%10.09%INR 1,000
Series 860 monthsCumulativeNA10.10%INR 1,618.70
Series 9120 monthsMonthly10.00%10.46%INR 1,000
Series 10120 monthsAnnual10.45%10.46%INR 1,000

Nido Home Finance Non-Convertible Debentures Lead Manager

109/110, Balarama, Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, Maharashtra
Phone: +91 22 4084 5000
Email[email protected]
Website: www.trustgroup.in

801 – 804, Wing A, Building No 3, Inspire BKC,
G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051
Tel: +91 22 4086 3535
Email: [email protected]
Website: www.edelweissfin.com

401, Sheraton House, Opp. Ketav Petrol Pump,
Polytechnic Road, Ambawadi Ahmedabad – 380015
Phone: +91 79 66828047/8460505716
Email[email protected]
Website: www.tipsons.com

Nido Home Finance Non-Convertible Debentures Registrar

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

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)

12 Sep 20231.735.470.490.811.24
11 Sep 20230.005.230.420.680.96
8 Sep 20230.004.560.110.530.71
7 Sep 20230.000.690.090.460.29
6 Sep 20230.
5 Sep 20230.
4 Sep 20230.
1 Sep 20230.
31 Aug 20230.
30 Aug 20230.

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.


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