Loading...
Guest User
Welcome! Please login.
| Issue Size (Base) | 300 Cr |
| Issue Size (Shelf) | 300 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE, NSE |
| Tenor | 18 and 27 Months |
| Credit Rating | IND A/ Stable by India Ratings & Research Pvt Ltd |
| Series | Series I to IV |
| Payment Frequency | Monthly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Navi Finserv Financials (₹ in Cr) | 31-Dec-2021 | 31-Mar-2021 | 31-Mar-2020 |
|---|---|---|---|
| Total Assets | ₹3,795.97 | ₹3,321.08 | ₹3,685.24 |
| Total Income | ₹318.89 | ₹336.74 | ₹75.23 |
| Net Profit/Loss | ₹-62.56 | ₹97.54 | ₹9.72 |
Navi Technologies Limited is the company promoter.
The net proceeds from the IPO to be utilized towards the following;
| # | Issue Objects |
|---|---|
| 1 | For the purpose of onward lending and financing. |
| 2 | Meet general corporate purposes. |
| Options | I | II | III | IV |
|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annual | Monthly | Annual |
| Tenor | 18 months | 18 months | 27 months | 27 months |
| Coupon Rate % Per Annum | 9.20% | 9.50% | 9.40% | 9.75% | '
| Effective Yield (% per annum) | 9.59% | 9.57% | 9.80% | 9.77% |
| Amount on Maturity | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 |
The NCD has been rated as IND A with a stable outlook by India Ratings & Research Pvt Ltd and offers an adequate degree of safety.
Navi Finserv Ltd is a non-deposit-taking NBFC that offers financial services including digital personal loans, housing loans, and loans against property. It distributes loans digitally through the Navi app.
Strengths
