Nido Home Finance Limited NCD (Nido Home Finance NCD June 2024) Detail

June 13, 2024 - June 27, 2024

Nido Home Finance Limited (formerly Edelweiss Housing Finance Limited) was established in 2008 and is a non-deposit-taking housing finance company offering customers access to credit for various types of loans. Nido Home Finance is part of the Edelweiss Group, one of India's leading diversified financial services groups.

The company's portfolio includes:

Home Loans: Offering secured loans to salaried, self-employed, and others for the purchase/construction/renovation of residential properties against a mortgage on the same property.
Non-Housing Loans including loans against property (LAP): Offering loans to self-employed, against an unencumbered property, where the purpose may be to provide working capital, purchase a property, or any other purpose.
Construction Loan: Loan facility for developers to finance residential projects' costs.

As of December 31, 2023, Nido has 67 branches in 67 cities in India. The company's operations are supported by 595 employees (as of December 31, 2023).

Nido Home Finance NCD June 2024 Detail

Issue Open	June 13, 2024 - June 27, 2024
Security Name	Nido Home Finance Limited
Security Type	Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)	Rs 50.00 Crores
Issue Size (Oversubscription)	Rs 50.00 Crores
Overall Issue Size	Rs 100.00 Crores
Issue Price	Rs 1000 per NCD
Face Value	Rs 1000 each NCD
Minimum Lot size	10 NCD
Market Lot	1 NCD
Listing At	BSE
Credit Rating	CRISIL A+/ Watch Negative
Tenor	24, 36, 60 and 120 months
Series	Series I to X
Payment Frequency	Monthly and Annually
Basis of Allotment	First Come First Serve Basis
Debenture Trustee/s	Beacon Trusteeship Limited

NCD Allocation Ratio

Category	NCD's Allocated
Institutional	10%
Non-Institutional	10%
HNI	40%
Retail	40%

NCD's Offered by Category

Category	NCD's Reserved
Institutional	50,000
Non-Institutional	50,000
HNI	200,000
Retail	200,000
Total NCD's	500,000

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	NA	Monthly	Annual	NA	Monthly	Annual	NA	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%	10.01%	10.00%	10.00%	10.50%	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 1,648.17	Rs 1,000.00	Rs 1,000.00

NCD Rating

The NCDs proposed to be issued under the Issue have been rated "CRISIL A+/ Watch Negative (Placed on 'Rating Watch with Negative Implications)" for an amount of Rs 5,000 million by CRISIL Ratings Limited.

Company Promoters

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

Company Financials

Nido Home Finance Limited Financial Information (Restated)

Nido Home Finance Limited's revenue increased by 4.73% and profit after tax (PAT) rose by 20.18% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,764.95	3,786.24	3,956.66
Revenue	465.71	444.69	513.91
Profit After Tax	19.31	16.06	13.81
Net Worth	814.79	794.47	777.63
Amount in ₹ Crore

Objects of the Issue

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

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

Nido Home Finance NCD June 2024 Prospectus

› Red Herring Prospectus

Nido Home Finance NCD June 2024 Subscription Status

The Nido Home Finance NCD June 2024 was subscribed 1.80 times on June 27, 2024 6:00:00 PM. The NCD subscribed 2.21 times in Retail, 1.56 times in HNI, 2.10 times in Non-Institutional, and 0.80 times in the Institutional category.

Category ?	Subscription (times)
Retail	2.21x
HNI	1.56x
Non-Institutional	2.10x
Institutional	0.80x
Total	1.80x

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Nido Home Finance NCD June 2024 Rating

2.8

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Company Contact Information

Nido Home Finance Limited
Tower 3, 5th Floor,
Wing B, Kohinoor City Mall Kohinoor City,
irol Road, Kurla (West) Mumbai - 400070

Phone: +91 22 4272 2200
Email: investorgrievances@nidohomefin.com
Website: https://www.nidohomefin.com/

Nido Home Finance NCD June 2024 Registrar

Kfin Technologies Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: nhfl.ncdipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Nido Home Finance NCD June 2024 Lead Manager(s)

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3 Comments

3. Anirudh Link|June 21, 2024 10:37:17 PM

Given the fact that basis of allotment is First Come First Serve, and the subscription page for retail already shows >1x subscription, is it still possible to apply for this NCD and get an allotment? The confusion is because of the fact that this page shows the NCD size as 50cr (base) and 50cr(oversubscription), does that mean that the company can actually issue the NCD upto 2x subscription in every category (i.e. HNI/Retail) etc. ?

2. S Nath Link|June 13, 2024 11:47:56 AM

I believe the issue end date if June 27th, not June 17th.

1. vibhor Link|June 12, 2024 4:01:38 PM

@admin there should be 120 months rather than 120 days

1.1. Prachi @ Team Chittorgarh.com Link|June 12, 2024 5:03:19 PM

Greetings,

Updated to 120 Months.

Thanks for the feedback.