Nido Home Finance Limited (formerly known as Edelweiss Housing Finance Limited), a part of the Edelweiss Group, is a Housing Finance Company that has been providing access to credit to customers for various kinds of loans since 2010, is set to launch its Non-Convertible Debentures (NCDs) in Sep 2024. This article provides a comprehensive overview of the NCD issue, key details, and the company's background to help potential investors make informed decisions.
➔ Key Details of the NCD:
| Issue Open: Sep 18th, 2024 - Oct 01th, 2024 |
Security Name: NIDO HOME FINANCE LIMITED |
| Security Type: Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
Issue Size (Base): Rs 50 Crores |
| Issue Size (Green Shoe): Rs 50 Crores |
Overall Issue Size: Rs 100.00 Crores |
| Issue Price: Rs 1000 per NCD |
Face Value: Rs 1000 each NCD |
| Minimum Lot Size: 10 NCDs |
Market Lot: 1 NCD |
Rate Sheet from our website:
About NIDO HOME FINANCE LIMITED :
Nido Home Finance Limited is one of the leading housing finance companies that provides attractive Home Loans & Loan against Property (LAP) to customers from all income segments. Nido Home Finance Limited aims to be a catalyst in fulfilling the dreams of owning a home and in wealth creation for its customers belonging to self-employed and salaried segments. We follow a customer-first approach by understanding the customer needs and offering customized loan solutions with the right loan amount.
The objective of the NCD :
The company intends to use the funds raised by the issue:
1) For onward lending, financing, and for repayment/prepayment of interest and principal of existing borrowings of the Company.
2) General Corporate Purposes.
Conclusion :
Nido Home Finance Limited's upcoming NCD issue presents an attractive opportunity for investors, offering secured and redeemable debentures with a base issue size of Rs 50 crores and an additional Rs 50 crores via a green shoe option. With a focus on financing home loans and loans against property, the company aims to raise funds for onward lending, debt repayment, and general corporate purposes. This NCD issue is a solid opportunity for those looking for a secure investment option with competitive returns.
About RR Finance
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Explore a wide range of investment opportunities with RR Finance : https://www.rrfinance.com/
Disclaimer - Investment in NCDs is subject to market risks. Read all documents carefully before investing.