The Navi Finserv Limited Issue Open NCD Date has been confirmed from February 26, 2024 – March 7, 2024. Read the post to learn about Navi Finserv Limited NCD GMP.
Navi Finserv Limited Developers NCD is a fixed issue size of Rs 300.00 Crores. Navi Finserv Limited, incorporated in 2012, is a non-deposit-taking, systemically important NBFC regulated by the RBI. It’s a completely owned attachment of Navi Technologies Limited. The company provides digital particular loans, house loans, and real estate loans through its mobile app Navi. Navi Finserv Limited was previously known as Chaitanya Rural Intermediation and Development Services Private Limited.
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Key Details Of Navi Finserv Limited NCD:
Bidding Dates
Feb 26-Mar 7
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
Navi Finserv Limited NCD
The Navi Finserv Limited NCD Face Value is Rs 1000 each NCD.
Navi Finserv Limited NCD Overview
Navi Finserv Limited, incorporated in 2012, is a non-deposit-taking, systemically important NBFC regulated by the RBI. It’s a completely owned attachment of Navi Technologies Limited. The company provides digital particular loans, house loans, and real estate loans through its mobile app Navi. Navi Finserv Limited was previously known as Chaitanya Rural Intermediation and Development Services Private Limited.
The Navi app represents the company’s mobile-first app approach for particular loans and home loans. The company has also created its own pall-native platform for real- time lending connections, known as the Navi Lending Cloud. It allows advancing mates to assay guests and set loan parameters in real time. It also allows for real- time agreement of collection payments to co-lenders and conciliation operations. It allows for simple and flawless pool selection and due industriousness when allocating finances directly.
On September 30, 2023, the company had 955 workers. ny has also created its own cloud-native platform for real-time lending relationships, known as the Navi Lending Cloud. It allows lending partners to analyse customers and set loan parameters in real time. It also allows for real-time settlement of collection payments to co-lenders and reconciliation management. It allows for simple and seamless pool selection and due diligence when allocating funds directly. On September 30, 2023, the company had 955 employees.
Navi Finserv Limited NCD Detail
| Issue Open | February 26, 2024 – March 7, 2024 |
| Security Name | Navi Finserv Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 300.00 Crores |
| Issue Size (Oversubscription) | Rs 300.00 Crores |
| Overall Issue Size | Rs 600.00 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, NSE |
| Credit Rating | CRISIL A/Stable by CRISIL. |
| Tenor | 18, 27 and 36 months |
| Series | Series I to V |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Catalyst Trusteeship Limited |
Navi Finserv Limited Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 12,523.95 | 6,312.72 | 4,401.07 |
| Revenue | 2,078.55 | 819.89 | 565.24 |
| Profit After Tax | 264.16 | -14.66 | 118.17 |
| Reserves and Surplus | 2,153.99 | 1,080.52 | 1,010.85 |
| Amount in ₹ Crore | |||
Navi Finserv Limited Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 |
|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Monthly | Annual | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 27 Months | 27 Months | 36 Months | 36 Months |
| Coupon (% per Annum) | 10.00% | 10.40% | 10.90% | 10.65% | 11.19% |
| Effective Yield (% per Annum) | 10.47% | 10.91% | 10.94% | 11.19% | 11.19% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
Navi Finserv Limited NCD Allocation Ratio
Company Profile
Navi FinservLtd.( NFL) is anon-deposit, systemically important NBFC registered with the RBI and a wholly-owned attachment of Navi Technologies Limited. NTL is an Indian technology- driven fiscal goods and services establishment that targets the country’s digitally connected immature middle class. particular loans and house loans are among the fiscal products offered by the company under the” Navi” name. It also provides microfinance loans under the” Chaitanya” brand via its attachment, CIFCPL.
Since its commencement and till September 30, 2023, NFL has expended particular loans totalingRs.21532.13 crore. During the six- month period ending September 30, 2023, it extended particular loans worthRs.6136.15 crore, with an average ticket size ofRs. 60708. Since its launch, it has authorized particular loans to consumers in further than 99.69 of all Indian leg canons. As of September 30, 2023, the Company’s particular loans business has an AUM ofRs.6763.58 crores.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Navi Finserv Limited |
| Phone number | 080 45113400 |
| Email ID | [email protected] |
| Website | navi.com |
NCD Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
NCD Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
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