Navi Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 18, 2022The Financial services company Navi Technologies Limited is gearing up to raise funds from the general public through an IPO aggregating up to Rs. 3,350 crore.
Navi Technologies IPO will consist of a Fresh Issue of Equity Shares. The promoters or existing shareholders are not selling their shares in the IPO.
The company offers multiple financial services under the brand Navi like personal loans, home loans, and insurance facilities, among other facilities.
In the Navi Technologies IPO Review, you will find all the details about the company, its products and services, promoters and management, its financial position, IPO dates, subscription and allotment details, IPO GMP, and other aspects.
| Face Value | Rs 100 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.3350 crore |
| IPO Size | Rs.3350 crore |
| Tick Size | 1 |
Navi Technologies IPO Overview
Navi Technologies Limited is a technology-driven entity offering seamless financial products and services at affordable prices and an efficient system to ease the process.
The company has achieved various milestones in its business since 2018. And now, Navi Technologies is set to go public and join other listed entities.
Navi Technologies IPO comprises Fresh share issues worth Rs. 3,350 crore. Since the IPO does not consist of any Offer for Sale, the company will receive the proceeds of the issue.
Navi Technologies IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Navi Technologies IPO Dates are not ascertained up to now. The company filed the Draft Red Herring Prospectus with capital market regulator SEBI in early March 2022.
The company is waiting for SEBI approval to proceed further with the IPO. SEBI is the regulatory authority responsible for maintaining transparency and ethical practices in the securities market.
Every company willing to launch its IPO has to get its prospectus approved through SEBI.
Navi Technologies IPO Price, Size, Share Offerings
| Face Value | Rs.100 |
| Price Band | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.3350 crore |
| IPO Size | Rs.3350 crore |
Navi Technologies IPO Size and Navi Technologies IPO Price are unknown as the same will be discovered through the Book Building Process. The company will determine the share price in consultation with the Lead Managers.
The face value of the proposed shares is Rs. 100 each. The shares will be listed on NSE and BSE. Ahead of the IPO, Navi Technologies might also consider a pre-IPO placement of shares.
Navi Technologies IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
Grey Market is the unregulated securities market where the equity shares of a company are traded before their listing on the stock exchange.
Traders evaluate the listing price of the shares according to the Grey Market Premium. Navi Technologies IPO GMP is not available right now. The share is not being traded in the Grey Market.
Navi Technologies IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
When investors bid in the IPO in order to subscribe to the securities offered by the issuer company, the process is called a Subscription. Subscription is pre-determined and is stated in the Red Herring Prospectus.
Since the price of the shares is unknown in Book built issue, traders bid in the range of the Price band.
Navi Technologies IPO Subscription is not open for bids presently. The IPO will open after the approval from SEBI and the filing of RHP with the respective RoC.
Navi Technologies IPO Allotment Status
The basis of allotment is generally determined after the subscription process has been completed successfully. Navi Technologies IPO Allotment will take place after the company receives all the applications for the subscription.
Navi Technologies IPO Live Performance
The Navi Technologies IPO Performance can be checked here after the IPO is listed on the stock exchanges. You can check Navi Technologies IPO Price every trading day whenever you want.
Subscribe to Navi Technologies IPO – Open Free Demat Account Now!
Navi Technologies – Company Review
Navi Technologies was incorporated in the form of BAC Acquisitions Private Limited in December 2018. The company is based in Bengaluru.
The company changed its name to Navi Technologies Private Limited in September 2019.
Later in February 2022, in pursuance of the proposed Initial Public Offering (IPO), Navi Technologies converted itself to a public limited company.
Subsequently, its name was changed to Navi Technologies Limited. The private company is prohibited from offering its securities for subscription to the public. Navi Technologies has created brands like Navi and Chaitanya.
The subsidiaries of Navi Technologies Limited are Navi Finserv, Navi Mutual Fund, Navi General Insurance, and Chaitanya Microfinance (in CIFPL).
Products or Services
Navi Technologies Limited offers digital home loans, personal loans, microloans, health insurance, general insurance, and mutual funds.
The company has an efficient mobile app where you can apply for loans for up to Rs. 20 lakhs. The whole process is paperless, fast, and reliable.
Its subsidiary Chaitanya Microfinance is a dedicated unit for microfinance requirements. With Navi Technologies, you can also avail services like a credit against property and digital asset management.
Promoters and Holding
The Promoter of Navi Technologies Limited is Sachin Bansal.
The management of the company comprises:
- Sachin Bansal, in the position of Chairman, Managing Director, and Chief Executive Officer
- Ankit Agarwal, in the position of Executive Director and CFO
- Anand Sinha, in the position of Non-Executive Director
- Usha A Narayanan, in the position of Independent Director
- Abhijit Sinha Bose, in the position of Independent Director
- Shripad Shrikrishna Nadkarni, in the position of Independent Director
- Apurv Anand, in the position of Chief Operating Officer
- Thomas Joseph, in the position of Company Secretary and Compliance Officer
Is Navi Technologies good for Investment?
Navi Technologies Limited has been in operation for about three years, and it has gained the attention of many customers.
It offers financial services through a digital platform where you can apply for loans without drowning in paperwork.
It is a speedy method of applying for various loans, insurance, and mutual fund units. Navi Technologies has dedicated units that offer different facilities for the ease of its customers.
Navi Technologies IPO is a route for the company to invest in its subsidiary companies – Navi Finserv Private Limited and Navi General Insurance Limited.
The company will be able to expand its business to a larger scale and tap into new opportunities.
Navi Technologies Financial Statements
| Amount (in INR & Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 72,567.53 | 63,062.66 | 51,009.76 | 606.59 |
| Revenue | 7,193.79 | 7,800.17 | 2,070.16 | 169.52 |
| Expense | 9,664.28 | 6,737.56 | 2,040.89 | 126.40 |
| Profit After Tax | (2,064.27) | 711.88 | (80.71) | 20.69 |
Navi Technologies Limited is a growing company that started its operations in 2018 in Bengaluru.
The DRHP of the company shows the company’s financial position and states various important information about the company’s operations.
In the past four years of its operations, the total revenue of the company for 2019, 2020, and 2021 was – Rs. 169.52 million, Rs. 2,070.16 million, and Rs. 7,800.17 million, respectively. The company has evidenced increasing revenues over the years.
The profit/loss for 2019, 2020, and 2021 were – Rs. 43.12 million, Rs. 29.27 million and Rs. 1,062.61 million.
In the nine months of the financial year 2021-22, the company’s total revenues have expanded slightly but have incurred a loss of Rs. (2,470.49) million for the period.
| Earnings per Equity Share (in Million) | ||||
| 31-Dec-21 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Diluted | (7.16) | 2.47 | (2.09) | 7.31 |
The EPS of Navi Technologies depicts a fluctuating graph over the years. As of 31 December 2021, the company’s EPS was Rs. (7.16).
Navi Technologies IPO Review
Navi Technologies is a financial service provider led by Sachin Bansal and Ankit Agarwal. The company majorly operates with its brands “Navi” and “Chaitanya.”
The company is based in Bangalore, Karnataka, and offers various financial products under its brands.
The Navi Technologies IPO consists of a Fresh Issue of equity shares worth Rs. 3,350 crore. The IPO does not consist of OFS, and therefore no promoters or shareholders of the company are exiting through the IPO.
Through this IPO, the company plans to invest in its subsidiary companies and extend its business operations. Also, the listing of the shares will help the company to get more exposure to the market.
Navi Technologies IPO Details
Here are few more details you need to know before investing in Navi Technologies IPO –
Navi Technologies IPO Issue Object
Navi Technologies has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Investment into our Subsidiaries, Navi Finserv Private Limited (“NFPL”) and Navi General Insurance Limited (“NGIL”); and
- General corporate purposes.
Navi Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Mobile-first approach driving better customer engagement and experience
- End-to-end ownership of product
- In-house full-stack technology capabilities
- Risk management, data science and machine learning leveraged the operating model
- Network effect, cross-sell and up-sell
- Promoter’s track record and experienced management team
- Strong tech team and value-based workplace ethos
Quantitative factors are:
| Basic EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.47 | 1.81 | 136.51 |
| 31-Mar-20 | (2.09) | (0.20) | – |
| Mar-19 | 7.31 | 3.90 | – |
Navi Technologies IPO Lead Managers
Here are the list of Lead managers –
- Axis Capital Limited
- BofA Securities India Limited
- Credit Suisse Securities (India) Private Limited
- Edelweiss Financial Services Limited
- ICICI Securities Limited
Navi Technologies IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083 Maharashtra, India
Tel: +91 22 4918 6200
E-mail: navitech.ipo@linkintime.co.in
Investor grievance e-mail: navitech.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration no.: INR000004058
Navi Technologies IPO – Other Details
- Statutory Auditor – Walker Chandiok & Co. LLP
- Legal Counsel to the Company – Cyril Amarchand Mangaldas.
- Bankers to the Company – HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited
Navi Technologies IPO – Conclusion
Navi Technologies Limited is a company incorporated in 2018. The entity provides its customers with financial products like loans and insurance. Navi Technologies IPO is an issue of new shares.
It does not include any shares of any existing investor of the company. The company has been working well and growing over the years.
The company has expanded its business and made certain substantial acquisitions. The company’s management consists of experienced individuals who are offering their intellects in the journey.
The IPO is a good opportunity for investors interested in financial companies. They can join the journey with this upcoming IPO.
To Subscribe to Navi Technologies IPO – Open Demat Account Now!
Navi Technologies IPO Review FAQs
Check out the FAQs on Navi Technologies IPO –
What is the Issue Size of Navi Technologies IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Navi Technologies IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.100 per share.
What is the Navi Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Navi Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Navi IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Navi Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Navi IPO?
Here are the promoters of this IPO – SACHIN BANSAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Navi Technologies IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Navi Technologies IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Navi Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 711.88, 2020 is (80.71), 2019 is 20.69. PAT from Dec 2021 is (2,064.27).
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