ICRA

CRISIL

Nido Home Finance Limited 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 their customers in the affordable housing category. They are a part of Edelweiss group which is one of the leading diversified financial services groups in India. Their Company was incorporated on May 2, 2008. Their Company has obtained a Certificate of Registration dated May 19, 2023, bearing registration no. DOR – 00081 issued by the Reserve Bank of India under Section 29A of the National Housing Bank Act, 1987 under the change in the name of the Company from Edelweiss Housing Finance Limited to Nido Home Finance Limited to commence/carry on the business of a housing finance institution without accepting public deposits subject to the conditions mentioned in the certificate of registration.

Nido Home Finance NCD June 2024 – Effective Yield 10.74% p.a.

Nido Home Finance, formerly known as Edelweiss Housing Finance has launched a public issue of non-convertible debentures of up to Rs 150 crore.The company will issue debentures worth up to Rs 75 crore. It comes with a greenshoe option of up to Rs 75 crore. The face value of these debentures is Rs 1,000 each.

Nido Home Finance launches up to Rs 150 crore secured NCD

As on March 31, 2023, resource profile remained dominated by NCDs, term loans/overdraft, CBLO, Sub-debt/perpetual debt, commercial paper and others. The incremental cost of funding for the group remained in the range of 9.5% p.a. to 10.5% p.a.

The ARC business has demonstrated growth over the past few years with steady recoveries and profitability, the inherent high riskiness of the business leads to uncertainty and credit risk. Furthermore, the group has acquired a large portfolio of distressed assets in the past few years.

The issuer has made timely interest payments.

Mr. Rajat Avasthi, CEO and MD

The group has demonstrated its ability to monetize its investment in subsidiaries to shore up its capitalisation level.

The Edelweiss group is a diversified financial services group with presence in credit, advisory and insurance businesses. These businesses are mortgage finance, SME credit, corporate credit and asset reconstruction.

9.20%Nido Home Finance Limited 15 Sep 2026

ISIN:

INE530L07566

YOUR EARNING

Your Investment

Final Payout

₹0

Year

Payment Schedule(Date)

Interest Payout(₹)

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)

YOUR RISK

A +

ICRA

A+ Stable

CRISIL

Senior

Secured

ISSUER

Nido Home Finance Limited

Recent News

Nido Home Finance NCD June 2024 – Effective Yield 10.74% p.a.

Nido Home Finance launches up to Rs 150 crore secured NCD

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₹98.9313

Price

10.1994%

Yield

Principal Amount

Accrued Interest from

Face Value

Market Value

Stamp Duty

Total Investment

as on Jul 29, 2024

as on Jul 30, 2024

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