Founded in 2008, Nido Home Finance Limited (formerly Edelweiss Housing Finance Limited) is a non-deposit-taking housing finance company offering credit for various loans. As part of the Edelweiss Group, a leading diversified financial services provider in India, Nido Home Finance is currently launching the Nido Home Finance NCD IPO to raise funds for its operations.
Nido Home Finance offers the following products:
- Home Loans: Secured loans for salaried and self-employed individuals to purchase, construct, or renovate residential properties.
- Non-Housing Loans (LAP): Loans against unencumbered properties for purposes like working capital or property purchase.
- Construction Loans: Financing for developers to cover the costs of residential projects.
In 2023, the company earned several awards, including ‘Best Analytics HFC’ at the India NBFC Summit and ‘Best Data Science Housing Finance Company’ at the World BFSI Congress. It was also recognized for ‘Excellence in Data Analytics’ and ‘Excellence in Risk Management’ at the National Awards for Excellence.
As of June 30, 2024, Nido Home Finance operated 67 branches across 67 cities in India and employed 679 individuals.
Nido Home Finance NCD IPO September 2024 Detail
| Issue Open | September 18, 2024 – October 1, 2024 |
| Security Name | Nido Home Finance Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 50.00 Crores |
| Issue Size (Oversubscription) | Rs 50.00 Crores |
| Overall Issue Size | Rs 100.00 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 A+/Watch Negative 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 |
Nido Home Finance NCD IPO Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 10% |
| HNI | 40% |
| Retail | 40% |
Nido Home Finance Limited NCD IPO Coupon Rates
Nido Home Finance NCD Rating
The NCDs to be issued under this offering have been rated “CRISIL A+/Watch Negative” (on Rating Watch with Negative Implications) by CRISIL Ratings Limited for an amount of ₹5,000 million.
Objects of the Issue
The company plans to utilize the funds raised through the issue for:
- Onward lending, financing, and repayment/prepayment of interest and principal on existing borrowings.
- General corporate purposes.
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