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Navi Technologies IPO
According to DRHP filed with SEBI (Securities and Exchange of India), Navi technologies will be looking to raise Rs.3,350 crore through IPO (Initial Public Offering). The IPO will not have any offer of sale by the shareholder.
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Listing at NSE, BSE
Navi Technologies IPO Important Dates
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
About Navi Technologies
Navi technology is a technology-driven company that provides financial products and services in India. The main focus of the company is to digitally connect the middle-class of India.
According to the Redseer Report, Navi Technologies is one of the leading end-to-end digital ecosystem players that has complete control over all the three non-payment financial offerings - lending, insurance, and asset management.
Navi Technologies IPO Objectives
- A part of the fund will be invested in NGIL, one of the material subsidiaries of the company, so that it can maintain its solvency level and maintain its future capital requirements.
- The fund will be invested in several corporate expenses like rentals and administration
Why should you invest in Navi Technologies IPO?
- By FY2026, the Indian consumer market is expected to grow to more than the US $300 billion.
- As per Red Seer, approximately 40% of the total Indian population was covered under health insurance and it is estimated to become 55 65% by the FY2026.
- India is going to have almost 1 billion internet users by the end of 2026 due to high usage of mobile phones and internet plans. Navi Technologies follow an ”app-only” model making them more accessible and convenient.
Financial Highlights
| Particulars | March 31, 2021 | March 31, 2020 | March 31, 2019 |
|---|---|---|---|
| Basic earnings per share (in ₹) | 2.47 | 2.09 | 7.31 |
| Diluted earnings per share (in ₹) | 2.45 | 2.09 | 7.31 |
| Return on net worth (in ₹) | 1.81 | 0.20 | 3.90 |
| Net asset value per share (in ₹) | 136.51 | 137.4 | 104.0 |
| EBITDA (in ₹ million) | 2,342.18 | 477.32 | 45.68 |
How to apply for Navi Technologies IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Navi Technologies IPO and approve the payment on your UPI ID.
Demat Account
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
Navi Technologies Noteworthy Highlights:
- Till Dec 31, 2021 Navi Technologies has given 81,121 personal loans amounting to Rs. 22,463.12 million.
- As of Dec 31, 2021 company’s GWP was ₹667.60 million, of which ₹ 63.26 million was from the retail health insurance segment.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| The company has a mobile-first approach giving the customers better engagement and experience. | Long system downtime and prolonged power outages or shortages can majorly affect the cloud computing software and data centers. |
| The company’s end-to-end ownership helps them to innovate across the product designing process. | Possibility of not identifying the different risks by the technology-based risk management team can adversely affect the business. |
| Navi technologies has done significant investment in machine learning models and data analytics, helping them to strengthen the offerings and customer experience. | The company is highly dependent on customer’s trust and any failure in enhancing the image of the brand can affect the business. |
| As the financial space in India is still underpenetrated, it is a big opportunity for a technology-first company to capture a large market share. | Any default in the repayment by the customers can affect the operation, financial condition and cash flow. |
Competitive Analysis: Market Peers
There are various players across India from where the brand faces heavy competition. For general loans and home loans, they generally face competition from banks and other BFCs and HFCs in India, and also certain fintech companies.
For their general insurance business, their competition includes standalone health insurance companies and private sector general insurers.
For their asset management business, the company competes with a large number of investment management firms, investment advisors, commercial banks, brokerage firms, broker-dealers and other financial institutions.
Navi Technologies IPO FAQs
What is Navi Technologies IPO?
When will Navi Technologies IPO allotment be available?
What will be the Navi Technologies IPO lot size?
When will Navi Technologies IPO open for subscription?
What minimum lot size can retail investors subscribe to?
When will Navi Technologies list on exchanges?
How to check the allotment status of Navi Technologies IPO?
What would be the listing gains on Navi Technologies IPO?
The listing gain is a result of shifts in investors’ interest, global parameters, and short vs long-term outlooks.
I have finished the application process for Navi Technologies IPO, but the funds are not yet debited. What is the reason?
Can I alter my bid for Navi Technologies IPO after confirming its final application?
Can I submit more than one application for the public issue of Navi Technologies using one PAN?
Who is the founder of Navi Technologies?
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