20-Jun-2024
2 mins read
Nido Home Finance Limited NCD issue is open on Thursday, June 13, 2024 and will close on Thursday, June 27, 2024. It is a Secured, Redeemable, Non-Convertible Debenture. The base issue size is 50 crore, and the oversubscription issue size remains 50 crore. Nido Home Finance NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD. The basis of allotment is first come and first serve basis. The debenture Trustee is Beacon Trusteeship Limited. The listing is at BSE, the tenor is of 24, 36, 60, 120 months. The lead managers of Nido Home Finance Limited NCD are Tipsons Consultancy Services Private Limited and Nuvama Wealth Management Limited. The registrar of this IPO issue is Kfin Technologies Limited.
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About Nido Home Finance Limited
Nido Home Finance was established in 2008 and is a non-deposit-taking housing finance company offering loans to customers to fulfil their dreams. Nido Home Finance is a part of Edelweiss Group, one of the largest financial services groups. The company's portfolio includes – Home Loan, Non-Housing Loans and construction loans. The company offered secured home loans to salaried, self-employed and others for the purchase, construction and renovation of residential properties against the mortgage on the same property. Non-housing loans include loans against property, offering loans to the self employed, for purchasing a property, or any other purpose. The company also provides consumer loans, which allows developers to finance the residential projects.
Objectives of Nido Home Finance Limited
The company intends to use the funds for onward lending, financing, repayment, and prepayment of the interest and principal of its existing borrowing. Other than this, general corporate purposes will also be covered.
Financial Performance of Nido Home Finance (In Rs Crore)
Nido Home Finance Limited posted a revenue of Rs 465.71 crore and net profit of Rs 19.31 crore for the period ended on 31 March 2024. The revenue increased by 4.73% and PAT increased by 20.18% between the FY ending on 31 March 2024 and 31 March 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 |
Important Details of Nido Home Finance Limited NCD 2024
|
Issue Open |
June 13, 2024 - June 27, 2024 |
|
Security Name |
Nido Home Finance Limited |
|
Security Type |
Secured, Redeemable, Non-Convertible Debentures |
|
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 Time |
Monthly and Annually |
|
Allotment |
First Come First Serve Basis |
|
Trustee/s |
Beacon Trusteeship Limited |
Coupon Rates of Nido Home Finance Limited NCD
|
Series 1 |
Series 2 |
Series 3 |
Series 4 |
Series 5 |
|
|
Int Payment |
Annual |
NA |
Monthly |
Annual |
NA |
|
Tenor (Months) |
24 |
24 |
36 |
36 |
36 |
|
Coupon (P.a) |
9.50% |
- |
9.58% |
10.00% |
- |
|
Effective Yield (P.a) |
9.50% |
9.50% |
10.01% |
10.00% |
10.00% |
|
Amount on Maturity (In Rs.) |
Rs 1,000 |
Rs 1,199.13 |
Rs 1,000 |
Rs 1,000 |
Rs 1,331.18 |
|
Series 6 |
Series 7 |
Series 8 |
Series 9 |
Series 10 |
|
|
Frequency of Interest Payment |
Monthly |
Annual |
NA |
Monthly |
Annual |
|
Tenor (Months) |
60 |
60 |
60 |
120 |
120 |
|
Coupon (P.a) |
10.03% |
10.50% |
- |
10.26% |
10.75% |
|
Effective Yield (P.a) |
10.50% |
10.49% |
10.50% |
10.75% |
10.74% |
|
Amount on Maturity (In Rs.) |
Rs 1,000 |
Rs 1,000 |
Rs 1,648.17 |
Rs 1,000 |
Rs 1,000 |
NCD Rating
Nido Home Finance NCD is rated "CRISIL A+/ Watch Negative for an amonut of Rs 5,000 million by CRISIL Ratings Limited.
NCD Allocation Ratio
Institutional 10%, Non-institutional 10%, HNI 40% and Retail 40%.
Lead Manager of Nido Home Finance Limited NCD
The lead manager for the Nido Home Finance Limited NCD is Tipsons Consultancy Services Private Limited and Nuvama Wealth Management Limited.
How to Apply for Nido Home Finance Limited NCD?
Wait for the NCD to open for subscription, then click here to apply for this NCD online and in a hassle free way.
How do you check the allotment status of Nido Home Finance Limited NCD?
The Nido Home Finance Limited NCD registrar is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
1. When will the Nido Home Finance Limited NCD be open for subscription?
Nido Home Finance Limited NCD issue is open on June, 13 May 2024 and will close on Tuesday, June 27, 2024.
2. What is the issue size and price of the NCD?
The base issue size is 50 crore and for oversubscription issue size remains 50 crore.
3. What are the main objectives of the Nido Home Finance Limited NCD?
The company intends to use the funds for onward lending, financing, repayment, and prepayment of the interest and principal of its existing borrowing. Other than this, general corporate purposes will also be covered.
4. How has Nido Home Finance Limited performed financially?
Nido Home Finance Limited posted a revenue of Rs 465.71 crore and net profit of Rs 19.31 crore for the period ended on 31 March 2024. The revenue increased by 4.73% and PAT increased by 20.18% between the FY ending on 31 March 2024 and 31 March 2023.
5. What types of financial services does Nido Home Finance offer?
Nido Home Finance Limited offers non-banking financial services majorly loans. They provide Home Loans, Non-housing loans, construction loans.
6. How can I apply for the Nido Home Finance Limited NCD ?
Wait for the NCD to open for subscription, then click here to apply for the Nido Home Finance Limited NCD.
7. How can I check the allotment status of the NCD?
The Nido Home Finance Limited NCD registrar is Kfin Technologies Limited. To check your allotment status, please click here.
8. What are the tenors and effective yields for the NCD?
The NCDs offer tenors of 24, 36, 60, 120 months with coupon rates varying from 9.50% to 10.74% from Series 1 to Series 10.
9. Who is the lead manager for the Nido Home Finance Limited NCD?
Tipsons Consultancy Services Private Limited and Nuvama Wealth Management Limited are the lead managers for the Nido Home Finance Limited NCD.
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