Nido Home Finance Limited IPO: The IPO market continues to heat up, with Nido Home Finance Limited joining the roster of companies gearing up for a public offering. This IPO presents an opportunity for investors to tap into the growing home finance sector in India, which has witnessed significant expansion due to urbanization, rising housing demand, and favorable government policies. Let’s take a closer look at the details of the Nido Home Finance Limited IPO and its implications for investors.
About Nido Home Finance Limited
Nido Home Finance Limited is a promising player in the housing finance market, focusing primarily on affordable housing loans. Established to cater to the housing needs of middle and lower-income groups, the company has positioned itself as a key contributor to the government’s vision of ‘Housing for All’ by 2024.
With its strong presence in tier-2 and tier-3 cities, Nido Home Finance specializes in providing accessible and customer-centric financial solutions for homebuyers. The company’s innovative digital platform, combined with a wide network of branches, has enabled it to streamline loan processing and enhance customer experience.
Key IPO Details
The Nido Home Finance Limited IPO is set to open soon, with investors eagerly awaiting the opportunity to participate.
Below are the key highlights of the IPO:
IPO Size: The IPO will include a combination of fresh issue shares and an offer for sale (OFS). The total issue size will be disclosed in the final prospectus.
Price Band: The price band for the shares is expected to be announced shortly before the IPO opens.
Issue Type: Book Built Issue IPO.
Lot Size: The minimum bid size and multiples will be specified in the official IPO documents.
Listing: The shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Use of Proceeds: Funds raised through the IPO will primarily be used to expand the company’s operations, strengthen its technology infrastructure, repay debts, and meet general corporate expenses.
Nido Home Finance NCD September 2024 Details
Apart from its IPO, Nido Home Finance also announced its Secured, Redeemable, Non-Convertible Debentures (NCDs) in September 2024.
Below are the highlights:
Issue Open: September 18, 2024 – October 1, 2024
Security Name: Nido Home Finance Limited
Issue Size (Base): Rs 50.00 Crores
Issue Size (Oversubscription): Rs 50.00 Crores
Overall Issue Size: Rs 100.00 Crores
Issue Price: Rs 1000 per NCD
Face Value: Rs 1000 each NCD
Minimum Lot Size: 10 NCD
Market Lot: 1 NCD
Listing At: BSE
Credit Rating: CRISIL A+/Watch Negative by CRISIL Ratings Limited
Tenor: 24, 36, 60, and 120 months
Series: Series I to X
Payment Frequency: Monthly and Annually
Basis of Allotment: First Come First Serve Basis
Debenture Trustee: Beacon Trusteeship Limited
NCD Allocation Ratio
Institutional: 10%
Non-Institutional: 10%
HNI: 40%
Retail: 40%
Why Invest in Nido Home Finance Limited IPO?
1. Market Opportunity: The affordable housing market in India is expanding rapidly, with increasing government support and growing housing demand.
2. Growth Potential: Nido’s focus on tier-2 and tier-3 cities positions it well to capitalize on the growing need for affordable housing loans.
3. Technological Edge: Its use of technology ensures operational efficiency and a superior customer experience, making it a strong contender in the home finance market.
Final Thoughts
The Nido Home Finance Limited IPO and NCDs offer investors a chance to diversify their portfolios and benefit from India’s expanding housing finance sector. With its strong operational framework and focus on underserved markets, the company is poised for long-term growth. Potential investors are advised to review the financial and market risks thoroughly before making an investment decision.