Opening Date
30 Aug 2023
Closing Date
12 Sep 2023
Yield
Upto 10.46%
Tenure
Upto 120 Months
Ongoing IPO
Opening Date
30 Aug 2023
Closing Date
12 Sep 2023
Time to close
Yield
Upto 10.46%
Tenure
Upto 120 Months
| Issue Size (Including Green Shoe Option) | 150 | ||
| Face Value | 1000 | ||
| Coupon | Upto 10.45% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 18 Sep 2023 | ||
| Listing Date (Tentative) | 20 Sep 2023 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 17:00 | ||
Documents attached
*Allotment on first come first serve basis
Series | I | II | III | IV | V | VI | VII | VIII | IX | X |
Nature Of NCDs | secured reedemable non convirtible debenture | |||||||||
Who Can Apply | everyone | |||||||||
Tenure | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months | 120 Months | 120 Months |
Frequency of Interest payment | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | MONTHLY | YEARLY | CUMULATIVE | MONTHLY | YEARLY |
Best Coupon Rate (% p.a.) for: | ||||||||||
Category 1 | 8.95 % | -N.A.- | 9.20 % | 9.60 % | -N.A.- | 9.67 % | 10.10 % | -N.A.- | 10.00 % | 10.45 % |
Category 2 | 8.95 % | -N.A.- | 9.20 % | 9.60 % | -N.A.- | 9.67 % | 10.10 % | -N.A.- | 10.00 % | 10.45 % |
Category 3 | 8.95 % | -N.A.- | 9.20 % | 9.60 % | -N.A.- | 9.67 % | 10.10 % | -N.A.- | 10.00 % | 10.45 % |
Category 4 | 8.95 % | -N.A.- | 9.20 % | 9.60 % | -N.A.- | 9.67 % | 10.10 % | -N.A.- | 10.00 % | 10.45 % |
Effective Yield (% p.a.) for: | ||||||||||
Category 1 | 8.94 % | 8.95 % | 9.58 % | 9.59 % | 9.60 % | 10.10 % | 10.09 % | 10.10 % | 10.46 % | 10.44 % |
Category 2 | 8.94 % | 8.95 % | 9.58 % | 9.59 % | 9.60 % | 10.10 % | 10.09 % | 10.10 % | 10.46 % | 10.44 % |
Category 3 | 8.94 % | 8.95 % | 9.58 % | 9.59 % | 9.60 % | 10.10 % | 10.09 % | 10.10 % | 10.46 % | 10.44 % |
Category 4 | 8.94 % | 8.95 % | 9.58 % | 9.59 % | 9.60 % | 10.10 % | 10.09 % | 10.10 % | 10.46 % | 10.44 % |
Application process on BondsIndia platform is simple and seamless.
•Click on the details of the company on the home page
•Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details
•Then, confirm the quantity and price and select payment method.
•That's all folks , bidding complete!
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BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.
BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Edelweiss Financial Services Limited IPO on BondsIndia's website.
Place your bid in three simple steps:
Key in Basic Details
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Application process on BondsIndia platform is simple and seamless.
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
44,064 CR
12.45%
2.64%
Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited) (the u201cCompanyu201d or u201cIssueru201d) was incorporated at Mumbai on May 30, 2008 as a public limited company with the name u2018Edelweiss Housing Finance Limitedu2019 under the provisions of the Companies Act, 1956. The Company is a non-deposit taking Housing Finance Company focused on offering secured loan products to suit the needs of the individuals, including small ticket loans to their customers in the affordable housing category. They are a part of Edelweiss group which is one leading diversified financial services groups in India.
<B> Adequate capitalisation, supported by multiple capital raises </B>
The Nido home finance limited group has demonstrated its ability to raise capital from global investors across businesses, despite the tough macroeconomic environment. The group has raised Rs 4,400 crore since 2016 across lending, wealth management and asset management businesses. This has helped maintain the capital position, despite elevated credit cost and absorb the asset-side risks. The groups networth stood at Rs 8581 crore as on March 31, 2023 (Rs 8,537 crore as on March 31, 2022).
Furthermore, gearing reduced to 2.45 times as on March 31, 2023, from 2.6 times as on March 31, 2022 (3.2 times and 4.3 times as on March 31, 2021, and March 2020). This is driven by the adoption of asset-light model, wherein the credit business operates through the co-lending model, and increased focus on fee-based businesses such as mutual funds and alternate assets
<B> Diversified financial services player, with demonstrated ability to build significant competitive position </B>
The Nido home finance limited is a diversified financial services player, with presence in four verticals i.e. credit (wholesale and retail), insurance (life and general), asset management, and asset reconstruction. The group has attained competitive positions in the alternate asset business and asset reconstruction and is focusing on building market position in other businesses too, which should lend greater stability to earnings over a period of time.
The asset management business comprises mutual fund and alternate asset businesses. The group is a leading player in the alternate asset segment and its mutual fund assets under management (AUM) has been growing steadily. The asset management AUM has grown over 4.5 times to Rs 1,51,500 crore as on March 31, 2023, as against Rs 37,100 crore as on March 31, 2019. Mutual fund AUM stood at Rs 1,05,000 crore and alternate asset AUM at Rs 46,500 crore as on March 31, 2023
<B> Asset quality remains vulnerable </B>
The overall gross stage III assets in the lending business stood at Rs 945 crore (12.5%) as on March 31, 2023, as on March 31, 2023, as against Rs 930 crore (7.4%) as on March 31, 2022, and Rs 1,182 crore (7.7%) as on March 31, 2021. The gross stage III assets in the wholesale credit book were Rs 679 crore as on March 31, 2023, while these were Rs 748 crore on March 31, 2022, and Rs 866 crore on March 31, 2021. The groupu2019s investments in securities receipts outstanding as on March 31, 2023, was Rs 5296 crore (Rs 5,446 crore as March 31, 2022). The retail book gross stage III assets were Rs 266 crore as on March 31, 2023 as against Rs 182 crore as of March 31, 2022 (Rs 134 crore a year earlier).
The group is carrying adequate provisions on gross stage III assets, as a result, the net stage III assets are lower at Rs 207 crore (3.1%) as on March 31, 2023, against Rs 201 crore (1.1%) as on March 31, 2022, and Rs 627 crore (4.1%) as on March 31, 2021, respectively.
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