There are ten series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months, and 120 months with annual, monthly, and cumulative interest options. Effective yield for NCDs ranges from 9.50% p.a. to 10.75% p.a.

The issue is scheduled to open on Tuesday, 13 February 2024 and it will close on Monday, 26 February 2024.

At least 75% of the funds raised through this issue will be used for the purpose of onward lending, financing and repayment /prepayment of interest and principal of existing borrowings of the company. The balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the issue.

The NCDs proposed to be issued under this issue have been rated "CRISIL A+/Stable" (pronounced as CRISIL A plus rating with Stable outlook).

Nido Home Finance, a part of the Edelweiss Group, has been offering credit to customers since 2010, providing various loan products including home loans, loans against property, home improvement loans, plot + self-construction loans, and balance transfer of existing loans from other financial entities. The company aims to cater to customers from all income segments, acting as a catalyst in fulfilling home ownership dreams and supporting wealth creation for both self-employed and salaried individuals. The firm prioritizes a customer-first approach, offering customized loan solutions tailored to individual needs. As on 30 September 2023 it had 67 offices in 67 cities in India.