Navi Technologies Limited IPO

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Navi Technologies technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India. Navi offers services such as personal loans, home loans, and general insurance.

Navi Technologies also offers asset management services, it commenced AMC operations in February 2021 after the acquisition of Essel Asset Management Company Limited. As of December 31, 2021, the company managed a total AUM of Rs. 9,428.48 million under its mutual funds.

As of December 31, 2021, Navi’s personal loans business had an AUM of Rs. 14,186.92 million, for the same period its home loans business had an AUM of Rs. 1,777.09 million.

In its general insurance segment Navi’s GWP (Gross Written Premium) was at Rs. 667.60 million, with Rs. 63.26 million from the retail health insurance segment, during the nine months ended December 31, 2021.

Along with this the company also provides microfinance loans through its subsidiary, Chaitanya India Fin Credit.

The public offer of Navi Technologies comprises a fresh issue of equity shares aggregating up to Rs. 3,350 crores.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) PAT (₹ Crores) EPS (₹)
March 2020 207.02 -8.07 -2.09
March 2021 780.02 71.188 2.45
December 2021 719.38 -206.43 -7.16

How do I apply to the Navi Technologies IPO?

You can apply for the Navi Technologies IPO using any supported UPI app by following two steps:
  • Enter your bid on Kite
  • Accept 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.

Where do I check the allotment status for Navi Technologies IPO?

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

Alternatively, you can also check the allotment status on the NSE website.