Nido Home Finance Limited NCD Company Profile:
Nido Home Finance Limited, formerly known as Edelweiss Housing Finance Limited, was incorporated on May 30, 2008, in Mumbai as a public limited company under the Companies Act, 1956. The company is a non-deposit-taking housing finance provider specializing in secured loan products tailored to meet the needs of individuals, including small-ticket loans in the affordable housing sector. It is part of the Edelweiss Group, one of India’s leading diversified financial services conglomerates.
- Home Loans
- Loans against Property(LAP)
- Home Improvement Loans
- Plot + Self-Construction Loans
- Balance Transfer of existing loans from other banks/HFCs/NBFCs
Nido Home Finance Limited is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹50 crores (“base issue size”) with an option to retain oversubscription up to ₹50crores, aggregating up to ₹100 crores is being offered by way of this prospectus. The issue opens for subscription on Tuesday, December 17, 2024 and will close on Tuesday, December 31, 2024. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
Nido Home Finance Limited NCD Details :
| Issue opens: | Tuesday, December 17, 2024 | ||||
| Issue closes: | Tuesday, December 31, 2024 | ||||
| Allotment: | First Come First Serve Basis | ||||
| Face Value: | Rs.1,000 per NCD | ||||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (Rs.10, 000) & in multiple of 1 NCD thereafter | ||||
| Listing: | BSE | ||||
| Credit Rating: | “ CRISIL A+/ Watch Negative (Placed on ‘Rating Watch with Negative Implications)” by CRISIL Ratings Limited | ||||
| Issue Size: | Public issue of 10,00,000 secured redeemable NCDs of Nido Home Finance Limited of face value of ₹ 1,000 each aggregating up to ₹ 50 crore (“Base Issue Size”), with a green shoe option of up to ₹ 50 crore, aggregating up to ₹ 1,00 crore (“Issue”), on the terms and in the manner set forth herein. | ||||
| Registrar: | KFin Technologies Limited | ||||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
| Category Allocation of the overall Issue Size | 10% of Overall Issue Size
|
10% of Overall Issue Size
|
40% of Overall Issue Size
|
40% of Overall Issue Size
|
|
Nido Home Finance Limited NCD
Application form
Nido Home Finance Limited NCD Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 10% | 5 | 10 | ||
| Non Institutional Investors | 10% | 5 | 10 | ||
| HNI | 40% | 20 | 40 | ||
| Retail Individual Investors | 40% | 20 | 40 | ||
| Total | 100% | 50 | 100 | ||
Nido Home Finance Limited NCD Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
| Series | I | II | III | IV** | V | VI | VII | VIII | IX | X |
| Frequency of Interest Payment |
Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Monthly | Annual |
| Tenor In Months |
24 | 24 | 36 | 36 | 36 | 60 | 60 | 60 | 120 | 120 |
| Coupon (% per annum) for NCD Holders in Category I, II, III & IV |
9.50% | NA | 9.58% | 10.00% | NA | 10.03% | 10.50% | NA | 10.49% | 11.00% |
| Effective Yield (per annum) for NCD Holders in Category I, II, III & IV |
9.50% | 9.50% | 10.01% | 10.00% | 10.00% | 10.50% | 10.49% | 10.50% | 11.00% | 10.99% |
| Mode of Interest Payment |
Through various modes available | |||||||||
| Redemptio n Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III, IV |
₹ 1,000 |
₹ 1,199.13 |
₹ 1,000 |
₹ 1,000 | ₹ 1,331.18 |
Staggered Redemptio n in Two (2) annual payments of ₹500 each, starting from 4th Anniversary * until Maturity |
Staggered Redemptio n in Two (2) annual payments of ₹500 each, starting from 4th Anniversary * until Maturity |
₹ 1,648.17 |
Staggered Redemptio n in Five (5) annual payments of ₹200 each, starting from 6th Anniversary * until Maturity |
Staggered Redemptio n in Five (5) annual payments of ₹200 each, starting from 6th Anniversary * until Maturity |
| Maturity (from the Deemed Date of Allotment) |
24 Month s |
24 Months |
36 Months |
36 Months |
36 Months |
60 Months |
60 Months |
60 Months |
120 Months |
120 Months |
| Redemptio n Date / Redemptio n Schedule | 24 Month s |
24 Months |
36 Months |
36 Months |
36 Months |
Staggered Redemptio n by Face Value as per “Principal Redemptio n Schedule and Redemptio n Amounts” |
Staggered Redemptio n by Face Value as per “Principal Redemptio n Schedule and Redemptio n Amounts” |
60 Months |
Staggered Redemptio n by Face Value as per “Principal Redemptio n Schedule and Redemptio n Amounts” |
Staggered Redemptio n by Face Value as per “Principal Redemptio n Schedule and Redemptio n Amounts” |
| Put and Call Option |
NA | |||||||||
**The Company shall allocate and allot Series IV (36 Months – Annual Option) NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.