High Yield | A+/ Stable | Minimum Investment: 10k Only
Bond overview
Nido Home Finance Limited is issuing the Non-Convertible Debentures. These NCDs are “CRISIL A+/Stable” rated. The NCDs are being issued in ten series: coupon ranges from 9.50% to 11% p.a. and different tenures of 24 months, 36 months, 60 months and 120 months. The NCDs are secured and redeemable in nature.
Coupon rates and effective yield for each of the series
Redemption Payment Schedule
Allocation Ratio
The allocation ratio is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by SEBI. Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for Nido Home Finance Limited NCD-IPO.
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Financial Overview
Snapshot stating the Revenue, Expenses, Net Worth and PAT (In crores)
Cash flow for last few years (In crores)
Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.
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- *Cash flow from operating activities reflects the amount a company generates through its product of services.
- **Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.
- ***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects the net flows of cash that are used to fund the company.
Ratio Analysis
Issue analysis
Pros
- These NCDs are secured providing an additional layer of protection to your investment.
- The issuer is offering as high as 11% p.a. when compared with FD rates it is much higher.
- Nido Home Finance received a rating outlook upgrade from “Watch Negative” to “Stable” by CRISIL.
Cons
- The excessively high interest coverage ratio suggests potential challenges in the company’s ability to service interest payments over the long term
Liquidity
The company has more than 1,000 Crores in cash and cash equivalents as on 31st march 2024.
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About Nido Home Finance Limited
Nido Home Finance Limited (Nido) is a housing finance company that is registered with National Housing Bank. It was established in FY2011 in accordance with the Group’s plan to establish a presence in the affordable housing market. In May 2023, the business changed its name to Nido Home Finance Limited (Formerly Edelweiss Housing Finance Limited) as part of the Group’s positioning effort. The business has adjusted its approach in recent years to concentrate on small-ticket home loans.
September 2024
Strengths
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- Adequate Capitalisation: The company has maintained a strong capital base, supported by multiple capital raises. The group has raised ~Rs 6,000 crore since 2016 across lending, wealth management and asset management businesses.
- Group Support: As a part of the Edelweiss Group, Nido Home Finance benefits from the group’s diversified financial services platform, enhancing its operational capabilities.
Weakness
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- Subdued Profitability: The company’s profitability remains subdued relative to its size and scale, considering its presence in multiple businesses.
- Asset Quality Concerns: There are ongoing concerns regarding asset quality, which could impact financial performance if not addressed effectively.
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Source- Prospectus March 5, 2025
Disclaimer – The information is published as on date 3/13/2025 based on information available on Prospectus March 4, 2025. The information may be subject to change in case of change in terms of prospectus or any other reason as the case maybe. Contents which are exclusively for educational information/knowledge sharing on capital market concepts and has no influence the investment/sale decisions of any investors
