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Navi Technologies IPO

Price Range (₹)

To be announced

Issue Size (₹ in Cr.)

Upto Rs. 3350 crores

Minimum Quantity

To be announced

Bidding Period

To be announced

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About the Navi Technologies IPO

- A technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India
- Have adopted a mobile-first approach, utilising strong in-house technology and product expertise to build customer-centric products
-  Since the company’s incorporation, they have expanded offerings under the “Navi” brand to include personal loans, home loans, general insurance and mutual funds. Also offer microfinance loans, through a wholly-owned subsidiary, under the “Chaitanya” brand (Source: Company DRHP)

Strengths

Mobile first approach driving better customer engagement and experience


Operate a mobile-first, app-only model for personal loans, home loans and health insurance products. This model enables them to (a) cater to digitally connected Indians, (b) avoid intermediation and reach customers directly in tier-1 cities and beyond, and (c) offer an unassisted buying journey with one of the lowest turnaround times amongst lenders in India, in the personal loans category, according to the RedSeer Report (Source: Company DRHP)

End-to-end ownership of product


Ability to develop simple and intuitive products from the ground up ensures end-to-end ownership of products. The company has limited dependency on third parties as they own the entire value chain right from in-house technology to product designing (Source: Company DRHP)

Risk management, data science and machine learning leveraged operating model


Underwriting, pricing, risk management and collections are driven by proprietary data science and machine learning capabilities. This provides a significant advantage over traditional lenders who, according to a RedSeer Report, are largely dependent on excessive paperwork and manual evaluation which can be tedious and time-consuming (Source: Company DRHP)

Risks

Business depends on the trust customers place in the brand, and any failure to maintain, protect, enhance and promote such trust would adversely affect business


Factors such as failure to satisfy the expectations of the quality or reliability of products and services, including temporary downtime or software bugs affecting the Navi App (Source: Company DRHP)

If customers default in their repayment obligations, the company's business, results of operations,financial condition and cash flows may be adversely affected


Customers may default on their obligations due to a variety of factors, including as a result of their bankruptcy, lack of liquidity, government or other regulatory intervention (Source: Company DRHP)

Financials

Industry Trends

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Non-Institutional Investor
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Overall

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    Select IPO

    Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Click on proceed to confirm the order. You can view the placed order under “order book”.

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  • lock-in of 3 years
    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years
    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years
    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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Navi Technologies IPO FAQs

The lot size and minimum investment required is yet to be announced for Navi Technologies IPO

Navi Technologies IPO is mainboard IPO of issue size up to Rs.3350 Crores as per DRHP

Navi Technologies IPO issue dates are yet to be announced.

The allotment date and listing date are yet to be announced for Navi Technologies IPO.

The price band of Navi Technologies IPO is yet to be announced.

The book runners for the Navi Technologies IPO are ICICI Securities Ltd, Axis Capital Ltd, Bofa Securities India Ltd, Credit Sussie Securities (India) Private Ltd, Edelweiss Financial Services Ltd.

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Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.