The Navi Technologies IPO date is not yet announced, nevertheless, the business has filed a DRHP with SEBI, therefore the IPO is anticipated to hit the market in the coming months/year. The company will raise 3350 crores through an IPO, which will involve a fresh issue of 3350 crores and an offer for sale of up to – equity shares at a price of each. The retail quota is 10%, the QIB quota is 75%, and the NII quota is 15%.
Navi Technologies is a tech-driven financial products and services firm founded and promoted by Sachin Bansal (Flipkart co-founder). Through their app, they offer personal loans, mortgages for homes, general / health insurance, and mutual funds. Navi is a digital lending program that offers loans of up to 20 lakhs in an efficient, paperless process. The company was started in 2018, and the founder invested. Check out the Navi Technologies IPO details.
Important Details:
- Founded by Sachin Bansal (Co-founder of Flipkart)
- The technology-driven company offers financial products via its Navi App.
- The company reported revenues of around 779 crores in 2021 vs 199 crores in 2020.
- The company reported revenues of around 71 crores in 2021 vs loss in 2020.
- To get the approval for IPO the company requires NBFC approval from RBI.
- Simple and fully online contactless KYC process for loan approvals.
- Likely to consider pre-IPO placement aggregating to Rs 670 crore.
Navi Technologies IPO Review (Good or Bad)
- To be updated soon
Brokerage Firm IPO Reviews
- Arihant Capital: –
- Angel Broking: –
- Capital Market: –
- Ventura Securities: –
- ICICI Securities: –
- Choice Broking: –
- Marwadi Financial: –
Navi Technologies IPO GMP, Date & Price Band
| IPO Open: | To be updated soon |
| IPO Close: | To be updated soon |
| IPO Size: | Approx ₹3350 Crores |
| Fresh Issue: | Approx ₹3350 Crores |
| Offer for Sale: | Approx – Equity Shares |
| Face Value: | ₹- Per Equity Share |
| Price Band: | ₹- to ₹- Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Navi Technologies IPO Market Lot
The Navi Technologies IPO minimum market lot is – shares with ₹- application amount. The retail investors can apply up-to 13 lots, – shares with ₹- application amount.
| Minimum Lot Size: | Minimum – Shares for 1 lot |
| Minimum Amount: | ₹- for 1 lot |
| Maximum Lot Size: | Maximum – Shares for 13 lot |
| Maximum Amount: | ₹- for 13 lot |
Navi Technologies IPO Time Table, Allotment & Listing
The Navi Technologies IPO date is To be updated soon and the IPO close date is To be updated soon. The allotment date is To be updated soon and the IPO may list on To be updated soon.
| Price Band Announcement: | To be updated soon |
| Anchor Investors Allotment: | To be updated soon |
| IPO Open Date: | To be updated soon |
| IPO Close Date: | To be updated soon |
| Basis of Allotment: | To be updated soon |
| Refunds: | To be updated soon |
| Credit to Demat Account: | To be updated soon |
| IPO Listing Date: | To be updated soon |
Navi Technologies IPO Form
How to apply for the Navi Technologies IPO? You can apply Navi Technologies IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Navi Technologies IPO in the Invest section. The other option you can apply for Navi Technologies IPO via IPO forms download via NSE and BSE. Check out the Navi Technologies forms.
Navi Technologies Financial Report
| ₹ in Crores | Income | Expense | PAT |
|---|---|---|---|
| 2019 | ₹17 | ₹13 | ₹2.01 |
| 2020 | ₹207 | ₹204 | -₹8.07 |
| 2021 | ₹780 | ₹674 | ₹71.19 |
| 2022 9M | ₹719 | ₹966 | -₹206.43 |
Navi Technologies IPO Valuation – FY2021
Check Navi Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.47 per Equity Share |
| Price/Earning P/E Ratio: | – |
| Return on Net Worth (RoNW): | 1.81% |
| Net Asset Value (NAV): | ₹136.51 per Equity Share |
Peer Group
- Bajaj Finance Limited
- SBI Cards and Payment Services Limited
- CreditAccess Grameen Limited
- ICICI Lombard General Insurance Company Limited
- Star Health and Allied Insurance Company Limited
- HDFC Asset Management Company Limited
- Nippon Life India Asset Management Limited
- Aditya Birla Sun Life AMC Limited
- UTI Asset Management Company Limited
Company Promoters
- Rajan Meenathakonil Thomas
Navi Technologies IPO Registrar
Link Intime India Private Limited, C-101, 1stFloor, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India
Tel: +91 22 4918 6200
E-mail: navitech.ipo@linkintime.co.in
Investor grievance e-mail: navitech.ipo@linkintime.co.in
Website: https://www.linkintime.co.in
Company Address
Navi Technologies Private Limited, 3rdFloor, Salarpuria Business Center, 93, 5thA Block, Koramangala Industrial Layout, Bengaluru – 560 095, Karnataka, India
Tel: +91 80 4630 6900
Website: https://www.navi.com
Contact Person: Thomas Joseph
Company Secretary and Compliance Officer
E-mail: cs@navi.com
Corporate Identity Number: U72900KA2018PLC119297
Navi Technologies IPO Lead Managers
- Axis Capital Limited
- BofA Securities India Limited
- Credit Suisse Securities (India) Private Limited
- Edelweiss Financial Services Limited
- ICICI Securities Limited
Navi Technologies IPO FAQs
Q1. What is Navi Technologies IPO?
Ans. Navi Technologies IPO is a main-board IPO. They are going to raise ₹3350 Crores via IPO. The issue is priced at ₹- to ₹- per equity share. The IPO is to be listed on BSE & NSE.
Q2. When Navi Technologies IPO will open?
Ans. The IPO is to open on To be updated soon for QIB, NII, and Retail Investors.
Q3. What is Navi Technologies IPO Investors Portion?
Ans. The investors’ portion for QIB is -%, NII -%, and Retail -%.
Q4. How to Apply the Navi Technologies IPO?
Ans. You can apply Navi Technologies IPO via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Navi Technologies IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Navi Technologies”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
Q6. How to Apply the Navi Technologies IPO through Upstox?
Ans. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Navi Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.
Q7. How to Apply the Navi Technologies IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Navi Technologies”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.
Q8. What is Navi Technologies IPO Size?
Ans. Navi Technologies IPO size is ₹3350 crores. The IPO comprises ₹3350 crores fresh issue and offers for sale of – equity shares.
Q9. What is Navi Technologies IPO Price Band?
Ans. Navi Technologies IPO Price Band is ₹- to ₹- per equity share.
Q10. What is Navi Technologies IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is – Shares with ₹- amount while the maximum bid is – shares with ₹-.
Q11. What is Navi Technologies IPO Allotment Date?
Ans. Navi Technologies IPO allotment date is To be updated soon.
Q12. What is Navi Technologies IPO Listing Date?
Ans. Navi Technologies IPO listing date is To be updated soon. The IPO to list on BSE and NSE.
