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The principal amount of the NCDs to be issued in terms of this Prospectus together with all interest due and payable on the NCDs, thereof shall be secured by way of hypothecation on pari-passu charge on the assets of the company comprising of loans and advances, receivables, investments, current & other assets held by the Company, created in favour of the Debenture Trustee, as specifically set out in and fully described in the Debenture Trust Deed, except those receivables specifically and exclusively charged in favour of certain existing charge holders, such that a security cover of at least 100% of the outstanding principal amounts of the NCDs and interest thereon is maintained at all time until the Maturity Date. We have received necessary consents from the relevant debenture trustees and security trustees for ceding pari- passu charge in favour of the Debenture Trustee in relation to the NCDs. The NCDs shall be considered as secured only if the charged asset is registered with sub-registrar and RoC or CERSAI or Depository etc., as applicable, or is independently verifiable by the debenture trustee. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in this Prospectus, till the execution of the Debenture Trust Deed |
| Issue Details |
| Issue Open |
17-Dec-2024-31-Dec-2024 |
| Security Name |
NIDO HOME FINANCE LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
50 |
| Over subscription |
A GREEN SHOE OPTION OF UP TO RS. 50 CRORE AGGREGATING UP TO RS. 100 CRORE. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
CRISIL A+/ Watch Negative by CRISIL. |
| Tenor |
24 months,36 months,60 Months,120 Months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6,Series7,Series8,Series9,Series10 |
| Payment Frequency |
Yearly,At the End,Monthly |
| Objects of the Issue: |
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PUBLIC ISSUE BY THE COMPANY OF 1000000 SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE RS. 1000 EACH ("NCDs" OR "DEBENTURES"), AMOUNTING TO RS. 50 CRORE ("BASE ISSUE SIZE") WITH A GREEN SHOE OPTION OF UP TO RS. 50 CRORE AGGREGATING UP TO RS. 100 CRORE. |
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| Company Promoters |
| Edelweiss Financial Services Limited |
| Edelweiss Rural & Corporate Services Limited |
| Edel Finance Company Limited |
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| Lead Managers |
| 1. Tipsons Consultancy Services Private Limited |
| 2. Nuvama Wealth Management Limited |
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| Registrar to the Issue |
| 1. KFIN Technologies Ltd |
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