Nido Home Finance NCD June 2024 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 part of the Edelweiss group, one of the leading diversified financial services groups in India.
Nido Home Finances loan book was INR 3,069.21 crore as of 31 March 2023, and INR 3104.41 crore as of 31 March 2024. Its total capital adequacy ratio as of 31 March 2024 computed based on applicable NHB requirements was 39.05%, 31 March 2023 computed based on applicable NHB requirements was 32.06%.
As of 31 March 2024, it has 67 offices in 67 cities in India, and 646 employees support the company’s operations. The company offers customers a range of mortgage-related loan products, including:
- Home Loans, which offer 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, and 63.95% of the Loan Book as at 31 March 2024.
- 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 investment in assets, against a mortgage of the same property, comprising 31.41% of the Loan Book as of 31 March 2023, and 24.73%of the Loan Book as of 31 March 2024.
- 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 mortgages of the same property and other collateral, comprising 11.62% of the Loan Book as of 31 March 2023, and 11.32% of the Loan Book as of 31 March 2024.
Promoters of Nido Home Finance – Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Service Limited, and Edel Finance Company Limited
Table of Contents
Nido Home Finance NCD June 2024 Details
| Subscription Dates | 13 – 27 June 2024 |
| Security Type | Secured, redeemable, non-convertible debentures |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base Issue) | INR 50 crore |
| Overall Issue Size (including oversubscription) | INR 100 crore |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months 120 months |
| Credit Rating | CRISIL A+/ |
| 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 June 2024 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Annual | 9.50% | 9.50% | INR 1,000 |
| Series 2 | 24 months | Cumulative | NA | 9.50% | INR 1,199.13 |
| Series 3 | 36 months | Monthly | 9.58% | 10.01% | INR 1,000 |
| Series 4 | 36 months | Annual | 10.00% | 10.00% | INR 1,000 |
| Series 5 | 36 months | Cumulative | NA | 10.00% | INR 1,331.18 |
| Series 6 | 60 months | Monthly | 10.03% | 10.50% | INR 1,000 |
| Series 7 | 60 months | Annual | 10.50% | 10.49% | INR 1,000 |
| Series 8 | 60 months | Cumulative | NA | 10.50% | INR 1,648.17 |
| Series 9 | 120 months | Monthly | 10.26% | 10.75% | INR 1,000 |
| Series 10 | 120 months | Annual | 10.75% | 10.74% | INR 1,000 |
Nido Home Finance Non-Convertible Debentures Lead Manager
TIPSONS CONSULTANCY SERVICES PRIVATE LIMITED
401, Sheraton House, Opposite Ketav Petrol Pump,
Polytechnic Road, Ambawadi, Ahmedabad – 380015
Phone: +91 7066828064 / 9589801774
Email: [email protected]
Website: www.tipsons.com
NUVAMA WEALTH MANAGEMENT LIMITED
801-804, Wing A, Building No 3, Inspire BKC,
G Block, Bandra Kurla Complex, Bandra East,
Mumbai – 400 051
Phone: +91 22 4009 4400
Email: [email protected]
Website: www.nuvama.com
Nido Home Finance Non-Convertible Debentures Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot no. 31 and 32, Gachibowli
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 /18003094001
Email: [email protected]
Website: www.kfintech.com
Nido Home Finance 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
Phone: +91 22 4272 2200
Email: [email protected]
Website: www.nidohomefin.com
Nido Home Finance NCD June 2024 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
|---|---|---|---|---|---|
| 27 Jun 2024 | 0.80 | 2.10 | 1.56 | 2.21 | 1.80 |
| 26 Jun 2024 | 0.80 | 1.60 | 1.45 | 1.93 | 1.59 |
| 25 Jun 2024 | 0.80 | 1.15 | 1.02 | 1.75 | 1.30 |
| 24 Jun 2024 | 0.80 | 0.75 | 1.03 | 1.54 | 1.18 |
| 21 Jun 2024 | 0.80 | 0.75 | 0.77 | 1.27 | 0.97 |
| 20 Jun 2024 | 0.80 | 0.82 | 0.61 | 0.99 | 0.83 |
| 19 Jun 2024 | 0.80 | 0.74 | 0.54 | 0.93 | 0.74 |
| 18 Jun 2024 | 0.80 | 0.62 | 0.45 | 0.76 | 0.62 |
| 14 Jun 2024 | 0.80 | 0.42 | 0.29 | 0.40 | 0.40 |
| 13 Jun 2024 | 0.80 | 0.00 | 0.11 | 0.18 | 0.19 |
Nido Home Finance NCD June 2024 Allotment Status
Nido Home Finance NCD June 2024 allotment status will be available on KFin Technologies’ website. Click on this link to get allotment status.
Nido Home Finance NCD June 2024 FAQs
What is the face value and lot size of Nido Home Finance NCD June 2024?
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 June 2024?
The payment frequency for Nido Home Finance NCD is Monthly,  Annual, and Cumulative.
What is the basis of allotment in Nido Home Finance NCD June 2024 offer?
Nido Home Finance NCDs will be allotted on a First Come First Serve Basis.
