IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

To be announced

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

To be announced

About Company

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.

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 

IPO Financials

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

Know before investing

Strengths

4

  1. The company has a mobile-first approach giving the customers better engagement and experience.

  2. The company’s end-to-end ownership helps them to innovate across the product designing process.

  3. Navi technologies has done significant investment in machine learning models and data analytics, helping them to strengthen the offerings and customer experience.

  4. 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.

Risks

4

  1. Long system downtime and prolonged power outages or shortages can majorly affect the cloud computing software and data centers.

  2. Possibility of not identifying the different risks by the technology-based risk management team can adversely affect the business.

  3. The company is highly dependent on customer’s trust and any failure in enhancing the image of the brand can affect the business.

  4. Any default in the repayment by the customers can affect the operation, financial condition and cash flow.

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Navi Technologies IPO FAQs

What is 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).

When will Navi Technologies IPO allotment be available?

Details not available.

What will be Navi Technologies IPO lot size?

Details not available.

When will Navi Technologies IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Navi Technologies list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of Navi Technologies IPO?

Existing Angel One customers can log in to their customer account to check Navi Technologies  IPO allotment status. Keep your application number, DP id, and PAN number available when checking allotment status.

What would be the listing gains on Navi Technologies IPO?

Listing gain is the difference between the IPO’s opening and offer prices.

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?

The bank only blocks the amount when you bid for an IPO. It will debit the amount when shares are allotted to you or unblock it after the UPI mandate expiry date.

Can I alter my bid for Navi Technologies IPO after confirming its final application?

It is possible to change the price or the lot size using the changing/revising form available with the application. But it could be a challenge to complete the process within the time given.

Can I submit more than one application for the public issue of Navi Technologies using one PAN?

No. Only one application at a time is allowed against one PAN card.

Who is the founder of Navi Technologies?

Sachin Bansal and Ankit Agarwal are the founders of Navi Technologies.