Nido Home Finance unveils Success of NCDs over-subscribed by 2.05 times

Nido Home Finance, a prominent player in the housing finance sector, announced the successful completion of its recent Non-Convertible Debenture (NCD) issuance, which was significantly oversubscribed.

The public issue, comprising NCDs with a face value of Rs. 1,000 each, targeted Rs. 500 million, with an additional green shoe option of Rs. 500 million, totaling Rs. 1,000 million.

The issuance opened on December 17, 2024, and closed on December 31, 2024, achieving 2.05 times oversubscription. The raised funds will be utilized for onward lending to homebuyers.

This achievement reflects strong investor confidence in Nido’s asset-light business model and long-term potential in the affordable housing market. Notably, this marks the fifth successful NCD issuance by Nido within the past 18 months.

The company remains focused on delivering value to stakeholders through strategic co-lending partnerships, technology advancements, and data-driven analytics to drive future growth.

Nido Home Finance, part of the Edelweiss Group, operates as a non-deposit-taking housing finance company with 67 branches across India. The company specializes in secured loan products, catering primarily to the affordable housing segment.

Secured loans for salaried and self-employed individuals for purchasing, constructing, or renovating residential properties. Loans against property offered primarily to self-employed individuals for business needs or other purposes.

Additionally, loans for real estate developers to fund residential project construction, secured against the project or other collateral.

With this milestone, Nido reaffirms its commitment to expanding affordable housing finance solutions across the country.