Nido Home Finance Limited, formerly known as Edelweiss Housing Finance Limited, was incorporated on May 30, 2008, in Mumbai as a public limited company under the Companies Act, 1956. The company is a non-deposit-taking housing finance provider specializing in secured loan products tailored to meet the needs of individuals, including small-ticket loans in the affordable housing sector. It is part of the Edelweiss Group, one of India’s leading diversified financial services conglomerates.
- Home Loans
- Loans against Property(LAP)
- Home Improvement Loans
- Plot + Self-Construction Loans
- Balance Transfer of existing loans from other banks/HFCs/NBFCs
Nido Home Finance Limited is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹75 crores (“base issue size”) with an option to retain oversubscription up to ₹75 crores, aggregating up to ₹150 crores is being offered by way of this prospectus. The issue opens for subscription on Thursday, March 13, 2025 and will close on Thursday, March 27, 2025. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
Nido Home Finance Limited NCD Details:
| Issue opens: | Thursday, March 13, 2025 | ||||
| Issue closes: | Thursday, March 27, 2025 | ||||
| Allotment: | First Come First Serve Basis | ||||
| Face Value: | Rs.1,000 per NCD | ||||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (Rs.10, 000) & in multiple of 1 NCD thereafter | ||||
| Listing: | BSE | ||||
| Credit Rating: | CRISIL A+/ Stable Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk. | ||||
| Issue Size: | Public issue of 15,00,000 secured redeemable NCDs of Nido Home Finance Limited of face value of ₹ 1,000 each aggregating up to ₹ 75 Crore (“Base Issue Size”), with a green shoe option of up to ₹ 75 Crore, aggregating up to ₹ 150 Crore (“Issue”), on the terms and in the manner set forth herein. | ||||
| Registrar: | KFin Technologies Limited | ||||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
| Category Allocation of the overall Issue Size | 10% of Overall Issue Size
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10% of Overall Issue Size
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40% of Overall Issue Size
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40% of Overall Issue Size
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Nido Home Finance Limited NCD
Application form
Nido Home Finance Limited NCD Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 10% | 7.5 | 15 | ||
| Non Institutional Investors | 10% | 7.5 | 15 | ||
| HNI | 40% | 30 | 60 | ||
| Retail Individual Investors | 40% | 30 | 60 | ||
| Total | 100% | 75 | 150 | ||
Nido Home Finance Limited NCD Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
| Series | I | II | III | IV** | V | VI | VII | VIII | IX | X |
| Frequency of Interest Payment |
Annual | NA | Monthly | Annual | NA | Monthly | Annual | NA | Monthly | Annual |
| Tenor In Months | 24 | 24 | 36 | 36 | 36 | 60 | 60 | 60 | 120 | 120 |
| Coupon (% per annum) for NCD Holders in Category I, II, III & IV | 9.50% | NA | 9.58% | 10.00% | NA | 10.03% | 10.50% | NA | 10.49% | 11.00% |
| Effective Yield (per annum) for NCD Holders in Category I, II, III & IV | 9.50% | 9.50% | 10.01% | 9.99% | 10.00% | 10.50% | 10.49% | 10.50% | 11.00% | 10.99% |
| Mode of Interest Payment | Through various modes available | |||||||||
| Redemptio n Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III, IV |
₹ 1,000 | ₹ 1,199.13 | ₹ 1,000 | ₹ 1,000 | ₹ 1,331.35 | Staggered Redemption in Two (2) annual payments of ₹500 each, starting from 4th Anniversary* until Maturity |
Staggered Redemption in Two (2) annual payments of ₹500 each, starting from 4th Anniversary* until Maturity |
₹ 1,648.17 | Staggered Redemption in Five (5) annual payments of ₹200 each, starting from 6th Anniversary* until Maturity |
Staggered Redemption in Five (5) annual payments of ₹200 each, starting from 6th Anniversary* until Maturity |
| Maturity (from the Deemed Date of Allotment) |
24 Month s |
24 Months |
36 Months |
36 Months |
36 Months |
60 Months |
60 Months |
60 Months |
120 Months | 120 Months |
| Redemptio n Date / Redemptio n Schedule |
24 Month s |
24 Months |
36 Months |
36 Months |
36 Months |
Staggered Redemption by Face Value as per “Principal Redemption Schedule and Redemption Amounts” | Staggered Redemption by Face Value as per “Principal Redemption Schedule and Redemption Amounts” | 60 Months |
Staggered Redemption by Face Value as per “Principal Redemption Schedule and Redemption Amounts” | Staggered Redemption by Face Value as per “Principal Redemption Schedule and Redemption Amounts” |
| Put and Call Option |
NA | |||||||||
**The Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.