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

September 18, 2024 - October 1, 2024

Incorporated in 2008, Nido Home Finance Limited (formerly Edelweiss Housing Finance Limited) 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.

The company received the 'Best Analytics HFC' award at the India NBFC Summit & Awards and the 'Best Data Science Housing Finance Company' award at the World BFSI Congress and Awards in 2023. Additionally, we were honoured with the 'Excellence in Data Analytics (Housing Finance Sector)' and 'Excellence in Risk Management (Housing Finance Sector)' awards at the National Awards for Excellence 2023, which took place in July 2023.

As of June 30, 2024, Nido had 67 branches in 67 cities in India and employed 679 people.

Nido Home Finance NCD September 2024 Detail

Issue Open	September 18, 2024 - October 1, 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 by CRISIL Ratings Limited.
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%

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)	9.5%	NA	9.58%	10%	NA	10.03%	10.5%	NA	10.49%	11%
Effective Yield (% per Annum)	9.5%	9.5%	10.01%	10%	10%	10.5%	10.49%	10.5%	11%	10.99%
Amount on Maturity (In Rs.)	Rs 1,000	Rs 1,191.13	Rs 1,000	Rs 1,000	Rs 1,331.18	Rs 1,000	Rs 1,000	Rs 1,648.27	Rs 1,000	Rs 1,000

NCD Rating

The NCDs proposed to be issued under this 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 company promoters.

Company Financials

Nido Home Finance Limited Financial Information (Restated Consolidated)

Nido Home Finance Limited's revenue increased by 5% and profit after tax (PAT) rose by 20% 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 September 2024 Prospectus

› Draft Prospectus
› Red Herring Prospectus

Nido Home Finance NCD September 2024 Subscription Status

The Nido Home Finance NCD September 2024 was subscribed 1.12 times on September 26, 2024 5:00:00 PM. The NCD subscribed 1.52 times in Retail, 0.72 times in HNI, 1.42 times in Non-Institutional, and 0.80 times in the Institutional category.

Category ?	Subscription (times)
Retail	1.52x
HNI	0.72x
Non-Institutional	1.42x
Institutional	0.80x
Total	1.12x

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Company Contact Information

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

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

Nido Home Finance NCD September 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/