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NCD Status: Closed [13th Feb 2024 to 26th Feb 2024]
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.
| 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: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 13th Feb 2024 |
| NCD Issue Close | 26th Feb 2024 |
| BSE Code: | 3318 |
| BSE Script Symbol: | NHFLNCD |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 50000 | 10% |
| Non-Institutional | 50000 | 10% |
| HNI | 200000 | 40% |
| Retail | 200000 | 40% |
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:
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 Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,786.24 | 3,956.66 | 4,931.10 |
| Revenue | 444.69 | 513.91 | 551.05 |
| Profit After Tax | 16.06 | 13.81 | 3.73 |
| Net Worth | 794.47 | 777.63 | 762.79 |
| Amount in ₹ Crore | |||
The company intends to use the funds raised by the issue:
Nido Home Finance Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 | Series 9 | Series 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual | Cumulative | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
| Coupon (% per Annum) | 9.50% | NA | 9.58% | 10.00% | NA | 10.03% | 10.50% | NA | 10.26% | 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 1,000.00 | Rs 1,199.13 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,331.18 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,648.27 | Rs 1,000.00 | Rs 1,000.00 |
Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited, and Edel Finance Company Limited are the promoters of the company.
Last Updated on 2024-02-29T05:33:12+00:00
