Nido Home Finance NCD fully subscribed, issue closes on March 27: Check coupon rate & more

Nido Home Finance Ltd’s non-convertible debentures (NCD) issue will close next week on Thursday, March 27. The company launched the NCD on March 13 to raise ₹150 crore.

According to the exchange data, the NCD issue was fully subscribed at 1.35 times as of 25 March 2025.

The allotment is set to be on a first come first serve basis, and the applicants can place bids for a single lot size of 10 NCDs. The minimum application amount is ₹10,000 and in multiples thereof.

The debt issue of Nido Home Finance comprises secured, redeemable 15 lakh NCDs having a face value of ₹1,000 each, with the base issue size standing at ₹75 crore. The issue also provides an option to retain oversubscription price or green shoe option of not more than ₹75 crore, taking the overall subscription base to ₹150 crore.

The NCD will be listed on the BSE. It has received a CRISIL A+ rating with ‘Stable Securities’ tag, as it is considered to showcase an adequate degree of safety regarding timely servicing of financial obligations.

Interest rates, or coupon rates, vary in the range of 8.88% to 10.75% per annum, with higher rates offered to retail investors (Categories III and IV). Multiple investment options with tenures ranging from 24 to 120 months were offered by the company for the NCD issue. Moreover, the debentures came with annual, monthly, and cumulative interest payment options.

The institutional investors, or ‘QIBs’ category and the Non-Institutional Investors, or ‘Corporates’ category have been allocated 10% each, of the overall issue size in the public issue, while the High Net-worth Individual (HNI) segment and the Retail Individual Investors have been allotted 40% each of the overall issue size.

This is the 7th debt offer by Nido Home Finance Ltd, formerly known as Edelweiss Housing Finance Ltd, since July 2016. The company’s last NCD issue was launched in December 2024.