Nido Home Finance IPO GMP Today: Nido Home Finance Limited, a significant player in the affordable housing finance sector, has been in the spotlight recently for its fundraising activities. While many investors are looking forward to a potential Initial Public Offering (IPO) by the company, as of now, no official announcements have been made regarding its IPO. However, the company has been active in raising funds through Non-Convertible Debentures (NCDs). This article provides a comprehensive overview of Nido Home Finance’s recent activities, including NCD issues, and discusses the potential future IPO.
Recent NCD Issues by Nido Home Finance
1. December 2024 NCD Issue:
Issue Period: December 17, 2024, to December 31, 2024.
Interest Rates: Up to 10.99% per annum.
Tenures: 24, 36, 60, and 120 months.
Credit Rating: CRISIL A+/Watch Negative.
Listing: Proposed to be listed on the BSE.
Minimum Investment: ₹10,000 (10 NCDs at a face value of ₹1,000 each).
Purpose: The funds raised will be used for onward lending, financing, and repayment/prepayment of existing borrowings.
2. September 2024 NCD Issue:
Issue Period: September 18, 2024, to October 1, 2024.
Interest Rates: Up to 11% per annum.
Tenures: 24, 36, 60, and 120 months.
Credit Rating: CRISIL A+/Watch Negative.
Listing: Listed on the BSE.
Minimum Investment: ₹10,000.
Details: This issue was oversubscribed, reflecting strong investor interest.
3. June 2024 NCD Issue:
Issue Period: June 13, 2024, to June 27, 2024.
Interest Rates: Up to 10.75% per annum.
Tenures: 24, 36, 60, and 120 months.
Credit Rating: CRISIL A+/Watch Negative.
Listing: Listed on the BSE.
Minimum Investment: ₹10,000.
Details: This issue also saw robust demand and was oversubscribed.
What is Grey Market Premium (GMP)?
Nido Home Finance IPO GMP Today: The Grey Market Premium (GMP) is an unofficial indicator of the performance of an IPO before its listing. It reflects the demand for the IPO shares among investors. However, since Nido Home Finance has not announced an IPO, there is no GMP currently associated with the company’s equity shares.
About Nido Home Finance Limited
Nido Home Finance IPO GMP Today: Formerly known as Edelweiss Housing Finance Limited, Nido Home Finance is a non-deposit-taking housing finance company established in 2008. It primarily focuses on providing small-ticket loans in the affordable housing segment. The company is part of the Edelweiss Group, a well-known diversified financial services conglomerate in India. With its robust operational model and focus on affordable housing, Nido Home Finance has carved out a strong position in the market.
Potential for IPO
Nido Home Finance IPO GMP Today: Investors are keenly watching Nido Home Finance for any updates regarding a potential IPO. Given the company’s consistent performance and strong market presence, an IPO could be a significant opportunity for retail and institutional investors. If and when the company announces an IPO, details such as issue size, price band, and dates will play a crucial role in determining investor sentiment and the eventual success of the offering.
Investor Considerations
Nido Home Finance IPO GMP Today: While Nido Home Finance’s NCDs offer attractive interest rates and investment tenures, potential investors should carefully evaluate the associated risks. Factors such as the company’s financial health, credit ratings, and market conditions should be thoroughly analyzed before making investment decisions.