June 17, 2025
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Nido Home Finance NCD June 2025 Details & Guidance
NCD Issue Opens on 17 June 2025
NCD Issue Closes on 30 June 2025
# NCD Guidance is given at the bottom of the post
About the Company:
The Company is a non-deposit taking Housing Finance Company focused on offering secured loan products to suit the needs of individuals, including small ticket loans to its customers in the affordable housing category. It is a part of Edelweiss group which is one of the leading diversified financial services groups in India. The Company was incorporated on May 30, 2008. Subsequently, the RoC issued a fresh certificate of incorporation dated May 4, 2023, upon the name change.
As on March 31, 2025, it has 67offices in 67cities in India.
It offers customers a range of mortgage-related loan products, including:
# Home Loans
# Non-Housing Loans including loan against property (LAP),
# Construction Finance,
As on March 31, 2024, it has 67 offices in 67 cities in India.
Its Loan Book was Rs.30,971.28million as at March 31, 2024, and Rs. 32,436.78million as at March 31, 2025.
Its total capital adequacy ratio March 31,2025 computed on the basis of applicable NHB requirements was 33.60% and March 31,2024 computed on the basis of applicable NHB requirements was 39.05%. Its gross NPAs and net NPAs as a percentage of Loan Book was 2.17% and 1.77% respectively as at March 31, 2025, its gross NPAs and net NPAs as a percentage of Loan Book was 1.46% and 1.19% respectively as at March 31, 2024.
Get more details about the company @ https://www.nidohomefin.com/
NCD Promoter:
Edelweiss Financial Services Limited, Edelweiss Rural & Corporate Services Limited, and Edel Finance Company Limited are the company promoters.
NCD Rating
The NCDs proposed to be issued under the Issue have been rated “CRISIL AA-/Negative” (pronounced as CRISIL double A minus rating with negative outlook) for an amount of Rs. 1,500 million by CRISIL Ratings Limited and;”[ICRA] A+ (Stable)” for an amount of Rs. 1,500 million by ICRA Limited.
Nido Home Finance NCD June 2025 Detail
| Issue Open | June 17, 2025 – June 30, 2025 |
| Security Name | Nido Home Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 75.00 Crores |
| Issue Size (Oversubscription) | Rs 75.00 Crores |
| Overall Issue Size | Rs 150.00 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 Ratings Limited : CRISIL A+ 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’s Allocated | |
| Institutional | 10% | |
| Non-Institutional | 10% | |
| HNI | 40% | |
| Retail | 40% | |
|
|
NCD’s Reserved | |
| Institutional | 75,000 | |
| Non-Institutional | 75,000 | |
| HNI | 3,00,000 | |
| Retail | 3,00,000 | |
| Total NCD’s | 7,50,000 |
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) | 9.25% | NA | 9.57% | 10.00% | NA | 9.85% | 10.30% | NA | 10.25% | 10.75% |
| Effective Yield (% per Annum) | 9.25% | 9.25% | 10.00% | 9.99% | 10.00% | 10.30% | 10.29% | 10.30% | 10.74% | 10.74% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,193.56 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,331.35 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,633.04 | Rs 1,000.00 | Rs 1,000.00 |
Nido Home Finance NCD June 2025 Details & Guidance
Objects of the Issue
The company intends to use the funds raised by the issue:
- For onward lending, financing, repayment/prepayment of interest and principal of existing borrowings of the Company.
- General Corporate Purposes.
.
Nido Home Finance NCD June 2025
Financial Information (Restated)
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 4,051.62 | 3,764.95 | 3,786.24 |
| Revenue | 520.63 | 464.84 | 444.69 |
| Profit After Tax | 18.43 | 19.25 | 16.3 |
| Net Worth | 0 | 0 | 0 |
| Reserves and Surplus | 0 | 0 | 0 |
| Total Borrowing | 0 | 0 | 0 |
| Amount in Rs. Crore | |||
Address of the Company
Nido Home Finance Limited
Tower 3, 5th Floor,
Wing B, Kohinoor City Mall Kohinoor City,
Kirol Road, Kurla (West) Mumbai – 400070
NCD Lead Managers
Tipsons Consultancy Services Private Limited
Nuvama Wealth Management Limited
NCD Registrar
Kfin Technologies Limited
Nido Home Finance NCD June 2025
Nido Home Finance NCD June 2025 Guidance:
1. The company has strong parentage and but small profits. It launched its credit business around 13 years ago with retail credit products and we have diversified its credit portfolio since then by adding other products.
2. The NCDs have been rated CRISIL AA-/Negative” (pronounced as CRISIL double A minus rating with negative outlook) for an amount of Rs. 1,500 million by CRISIL Ratings Limited and;”[ICRA] A+ (Stable)” for an amount of Rs. 1,500 million by ICRA Limited
3. Coupon rates are good.
4. Its capital adequacy ratio, calculated in accordance with Ind AS, was33.60%,39.05%and32.06% as atMarch 31, 2025, March 31, 2024andMarch 31, 2023,respectively. There has been steady improvement in CRAR during last 3 years.
5. Sectoral Risk: Its lending products include housing loans and secured business loans and affordable housing project loans. Its AUM is exposed to the real estate sector as the underlying security on these loans is primarily mortgages. In the event the real estate sector is adversely affected due toany reason whatsoever, including without limitation, the passing of any stringent norms regarding construction, floor space index or other compliances, the value of its collateral may diminish which may affect its business and results of operations in the event of a default in repayment by the clients.
6. It is always necessary to balance the risk/reward while investing in any NCD.
Accordingly, small amount may be invested in this NCD.
