Navi Technologies Ltd. IPO Details
Navi Technologies was incorporated on December 10, 2018. Navi technologies is a technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India. The company is uniquely positioned as one of the leading end-to-end digital ecosystem players with complete control over all three non-payments financial service offerings – lending, insurance, and asset management in the country.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹33,500.0 M | DRHP DOC |
Navi Technologies Ltd. issue details
Navi Technologies Ltd. IPO issue size is ₹ 33,500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Navi Technologies Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Navi Technologies Ltd. NUMBER OF SHARES ON OFFER
Navi Technologies Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY22 | -2,064.3 | 965.8 | -23,555.9 | -23,877.9 |
| FY21 | 711.9 | 1,366.6 | -8,940.5 | -8,947.3 |
| FY20 | -80.7 | 559.5 | -2,724.5 | -2,757.5 |
| FY19 | 20.7 | 125.7 | -15.9 | -19.7 |
Navi Technologies Ltd. INFORMATION ON IPO ISSUE
About Navi Technologies Ltd.
Navi Technologies was incorporated on December 10, 2018. Navi technologies is a technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India. The company is uniquely positioned as one of the leading end-to-end digital ecosystem players with complete control over all three non-payments financial service offerings – lending, insurance, and asset management in the country.
Object of the Issue
- Investment into the subsidiaries, Navi Finserv and Navi General
- General corporate purposes
Navi Technologies Ltd. Strengths
Mobile-first approach
Mobile-first approach driving better customer engagement and experience
Ownership
End-to-end ownership of the product
Technology capabilities
In-house full-stack technology capabilities
operating model
Risk management, data science, and machine learning leveraged operating model
Navi Technologies Ltd. Risks
lending operations may not be monitored
The company's technology-driven underwriting, risk management, and collection processes may not be able to effectively identify, monitor, or mitigate the risks in its lending operations
Prone to cybercrime
The company is prone to cybercrime as the company process a large amount of data, including personal data. It may also face information security threats attempting to exploit the network to disrupt services and support services to customers and/ or theft of sensitive confidential company information
Rely intensively on substantial capital
The company's leading lending and microfinance business operations rely intensively on substantial capital
Outstanding litigation
There is outstanding litigation pending against the company, its promoter, directors, and subsidiaries
IPO FAQs
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.