On July 10, 2023, a subscription for Navi Finserv Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) will begin. The NCDs will have interest rates of 11.02% from Navi Finserv. Both India Ratings and CRISIL have rated Navi Finserv NCD as IND A/Stable and CRISIL A/Stable, respectively. The terms of the NCDs are 18, 27, and 36 months.
Incorporated in 2022, Navi Finserv Limited (“NAVI”) aims to be a Pan India Financial Services Company and provide the full spectrum of financial services by creating various financial products. NAVI’s systematic and focused approach aims to meet the borrowing needs of middle-income families. Navi Finserv firmly thinks that financial products will contribute to the empowerment and capacity development of middle-class households. Through the Navi App, they run a mobile-first, app-only business model for personal loans and house loans.
Navi Finserv NCD July 2023 Promoters
- Navi Technologies Limited
How to Apply Navi Finserv NCD July 2023 Issue?
You can apply both online and offline using your current Demat account. You can apply by downloading the application from the official website, filling it out completely, and sending it in with a cheque for the specified amount. You may deliver it to the collection facilities.
Navi Finserv NCD July 2023 Issue Details
|NCD Issue Open||July 10, 2023|
|NCD Issue Close||July 13, 2023|
|NCD Issue Size||Base: 250 Cr. | Shelf: 500 Cr.|
|Price Band||₹1000 per NCD|
|Interest Rate||Up to 11.02% ** (Annually)|
|Minimum Investment||10 Bonds (₹1,000)|
|Listing on||BSE, NSE Platform|
|Credit Rating||IND A/ Stable by India Ratings & CRISIL A/Stable by CRISIL|
|Tenor||18, 27, and 36 months|
|Basis of Allotment||First Come First Serve Basis|
Navi Finserv NCD July 2023 Tenure & Interest Rates
Navi Finserv NCD July 2023 Lead Manager
- Jm Financial Limited
Navi Finserv NCD July 2023 Allotment Status
- Navi Finserv NCD issue allotment available on Linkintime.
Navi Finserv NCD July 2023 FAQs:
Q1. When is Navi Finserv NCD Open?
Ans. Navi Finserv NCD is to open on July 10 and close on July 13, 2023.
Q2. What is Navi Finserv NCD Price?
Ans. The company has fixed the price at ₹1000 per NCD.
Q3. What is Navi Finserv NCD Issue Size?
Ans. The NCD issue size is ₹250 crores.
Q4. On Which platform the Navi Finserv NCD will list?
Ans. Navi Finserv NCD will list on BSE and NSE Platforms.
Q5. How to apply for Navi Finserv NCD?
Ans. You can apply from your existing Demat account online and offline.