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

View all upcoming IPOs

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

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?

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 are not available.

What will be the Navi Technologies IPO lot size?

Details are not available.

When will Navi Technologies IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

Retail investors need to 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.

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