The non-deposit taking housing finance company will issue secured redeemable non-convertible debentures (NCDs), aggregating to Rs 75 crore, with a green-shoe option to retain oversubscription up to Rs 75 crore, thus aggregating to a total of Rs 150 crore.

There are 10 series of NCDs carrying fixed coupon and having tenure of 24 months, 36 months, 60 months and 120 months with annual, monthly and cumulative interest option. Coupon for NCDs ranges from 9.67% to 10.45% per annum while effective yield ranges from 8.94% to 10.46% per annum.

The NCDs proposed to be issued have been rated "CRISIL AA-/Negative" (pronounced as CRISIL double A minus rating with negative outlook) by CRISIL Ratings and "[ICRA] A+ (Stable)" by ICRA.

The company proposes to utilise the issue proceeds to meet the purpose of onward lending, financing and repayment/prepayment of principal and interest on existing borrowings; and to meet general corporate purposes.

The NCDs are proposed to be listed on the BSE. The bonds would be issued at face value of Rs 1,000 and the minimum application size is Rs 10,000 across all categories.

Nido Home Finance is a non-deposit taking housing finance company focused on offering secured loan products to suit the needs of the individuals, including small ticket loans to its customers in the affordable housing category. The company is a part of Edelweiss group which is one leading diversified financial services groups in India. The company was incorporated on 2 May 2008.

As at 31 March 2023, promoters Edelweiss Financial Services, Edelweiss Rural and Corporate Services and Edel Finance Company hold 5%, 55.23% and 39.77% of paid-up share capital, respectively.