Secure Your Investments with NIDO HOME FINANCE LIMITED’s Non-Convertible Debentures (NCDs).
Investing in NIDO HOME FINANCE LIMITED NCD, formerly known as Edelweiss Housing Finance Limited, is a priority for many individuals and investors seeking both security and attractive returns. This company offers an opportunity to achieve precisely that through its Secured Redeemable Non-Convertible Debentures (NCDs). In this article, we will delve into the specifics of NIDO HOME FINANCE LIMITED’s NCDs and explain why they could be an excellent addition to your investment portfolio.
Company Overview
NIDO HOME FINANCE LIMITED, originally incorporated as Edelweiss Housing Finance Limited in 2008, is a non-deposit taking Housing Finance Company headquartered in Mumbai, India. It is a part of the renowned Edelweiss group, known for its diversified financial services in India. The company specializes in providing secured loan products tailored to meet the needs of individuals, particularly in the affordable housing category.
Credit Rating
Before exploring the details of NIDO HOME FINANCE LIMITED’s NCDs, it’s crucial to assess their creditworthiness. These NCDs have received a credit rating of “CRISIL AA-/Negative” from CRISIL and “[ICRA] A+ (Stable)” from ICRA Limited. These high ratings signify a robust level of safety and stability associated with these NCDs, rendering them an appealing choice for investors seeking secure investment avenues.
Key Features of NIDO HOME FINANCE LIMITED’s NCDs
Issue Structure
- Issuer: NIDO HOME FINANCE LIMITED (Formerly Known as Edelweiss Housing Finance Limited)
- Instrument: Secured Redeemable Non-Convertible Debentures (NCDs)
- Issue Period: Opens on Wednesday, August 30, 2023, and closes on Tuesday, September 12, 2023
- Issue Size: The offering comprises an initial size of Rs. 75 Crore, with the possibility to exercise an oversubscription option of up to Rs. 75 Crore, aggregating up to Rs. 150 Crore
- Issue Price / Face Value: Rs. 1,000/- per NCD
- Minimum Application: Rs. 10,000/- (10 NCD) and in multiples of Rs. 1,000/- (1 NCD) thereafter.
- Listing: The NCDs are proposed to be listed on BSE
Category Allocation
- Category I — Institutional: 10%
- Category II — Non-Institutional: 10%
- Category III — HNI (High Net Worth Individuals): 40%
- Category IV — Retail: 40%
Investing in NIDO HOME FINANCE LIMITED’s NCDs presents an opportunity for a secure and potentially rewarding addition to your investment portfolio.
