Navi Technologies Limited IPO

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What does Navi Technologies Limited do?

Navi Technologies Limited is a technology-driven financial services provider in India, targeting the digitally connected young middle-class population. Positioned as a leading end-to-end digital ecosystem player, it controls lending, insurance, and asset management services. Operating under the “Navi” brand, the company offers personal loans, home loans, general insurance, and mutual funds. Their mobile-first approach and in-house technology aim for a streamlined, customer-centric experience. The company’s diverse offerings include microfinance loans through a subsidiary, the “Chaitanya” brand. According to the RedSeer Report, their complete ownership of products and technology provides a competitive edge over traditional incumbents and third-party dependent fintech platforms.

Their Business Lines include:

  • Personal Loans
  • Home loans
  • General Insurance
  • Asset Management
  • Microfinance loans

What is the issue size of Navi Technologies Limited IPO?

The entire public offer of the company is a fresh issue of up to equity shares worth Rs 3350 crore.

Financials of Navi Technologies Limited IPO (₹ crores)

Financial Year Total Assets Total income Total Cash and cash equivalents Profit After Tax EBITDA
December 31, 2021 7256.75 719.37 334.77 (206.42) (77.82)
March 31, 2021 6306.26 780.01 207.30 71.18 234.21

Risk factors to consider:

  • The failure to promptly or fully recover the value of collateral or outstanding amounts from defaulted home loans may have negative consequences on the business, financial condition, and operational results of the company.
  • The business handles a substantial volume of data, including personal information. Any mishandling, such as improper collection, hosting, use, or disclosure of this data, may result in damage to the company’s reputation and negatively impact its overall business, financial health, and operational outcomes.
  • The company operates in the financial services industry in India and is impacted by laws and regulations related to lending, insurance, asset management, and financial services. Changes in these regulations could have negative effects on the company’s business, financial condition, and overall performance, including its results of operations and cash flows.

How to apply to the Navi Technologies Limited IPO?

You can apply for the Navi Technologies Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

How to check the allotment status for the Navi Technologies Limited IPO?

You can check the allotment status for the Navi Technologies Limited IPO on the website of the Registrar and Transfer agent.