Nido Home Finance NCD: All Important Details Discussed

Nido Home Finance NCD issue is open on Wednesday, September 18, 2024 and will close on Tuesday, October 1, 2024. It is a Secured, Redeemable, Non-Convertible Debenture. The base issue size is 50 crore, and the oversubscription issue size remains 100 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. Allotment is on a first-come, first-served basis. The debenture Trustee is Beacon Trusteeship Limited. The listing is at BSE and the tenor is 24, 36, 60 and 120 months.

Tipsons Consultancy Services Private Limited and Nuvama Wealth Management Limited are the lead managers of Nido Home Finance Limited NCD. Kfin Technologies Limited is the registrar of this IPO issue.

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Nido Home Finance NCD: About the company

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 residential projects.

Nido Home Finance NCD: Objectives

The funds received from this NCD issue will be used for the future lending process. The remaining will be allocated to fulfil the company’s general corporate purposes.

Nido Home Finance NCD: Important Details

Nido Home Finance NCD: Coupon Rates

Nido Home Finance NCD: Financial Metrics (Amt in Rs Crore)

Nido Home Finance Limited posted a revenue of Rs 465.71 crore and net profit of Rs 19.3 crore for the period ended on 31 Mar 2024. Earlier, in the period ending on 31 March 2023, the company reported a revenue of Rs 444.69 crore and Rs 16.06 crore. The company’s revenue increased by 5% and PAT increased by 20% between the FY ending on 31 March 2024 and 31 March 2023.

Nido Home Finance NCD Rating

The Nido Home Finance Limited NCD Issue has been rated CRISIL A+/Watch Negative" by CRISIL Ratings Limited.

NCD Allocation Ratio

For the institutional category, NCD allocation is 10%; for non-institutional, 10%, for HNI 40% and for retail, 40%.

FAQs

1. When will the Nido Home Finance Limited NCD be open for subscription?

Nido Home Finance NCD issue is open on Wednesday, September 18, 2024 and will close on Tuesday, October 1, 2024.

2. What is the issue size and price of the NCD?

The base issue size is 50 crore, and the oversubscription issue size remains 50 crore.

3. What are the main objectives of the Nido Home Finance Limited NCD?

The funds received from this NCD issue will be used for the future lending process. The remaining will be allocated to fulfill the company’s general corporate purposes.

4. 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.

5. How can I apply for the Nido Home Finance Limited NCD ?

Nido Home Finance NCD is open for subscription, click here to apply for the Nido Home Finance Limited NCD.

6. 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.

7. What are the tenors and effective yields for the NCD?

The NCDs offer tenors of 24, 36, 60 and 120 months with effective yield varying from 9.50% to 10.99% from Series 1 to Series 10.

8. 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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