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Navi Finserv NCD May 2022 Details, Coupon rate, Credit rating

NCD Status: Closed [23rd May 2022 to 10th Jun 2022]

Rated 3.5 stars Rated 3.5/5 by Team TopShareBrokers
Navi Finserv NCD Detail

Navi Finserv NCD of Rs. 300 Cr with a shelf size of Rs. 300 Cr opens for subscription from 23 May to 10 June 2022. The company issues series I to IV secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs), and the NCD tenor is 18 and 27 months. Check more about the Navi Finserv NCD May 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.

Navi Finserv NCD Details

NCD Opening Date: 23rd May 2022
NCD Closing Date: 10th Jun 2022
NCD Type: Secured NCD
Issue Size (Base): 300 Cr
Issue Size (Shelf): 300 Cr
Face Value: Rs 1000 each NCD
Issue Price: Rs 1000 per NCD
Market Lot: 1 NCD
Min Order Qty: 10 NCD
Min Order Amount: Rs 10000
Listing at: BSE, NSE
Tenor: 18 and 27 Months
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
Interest on return:

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NCD Important Dates

Action Dates
NCD Activity Date
NCD Issue Open 23rd May 2022
NCD Issue Close 10th Jun 2022

* - Tentative Dates

Offer Details

Category Name NCD's Allocated
Institutional 20%
Non-Institutional 20%
HNI 30%
Retail 30%

About Company - Navi Finserv

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

  • Strong customer engagement and relationship through Navi App
  • Extensive reach through digital distribution of loans.
  • Robust collection mechanism
  • Diversified borrowing file across lenders.
  • Strong leadership backed by experienced management.

Navi Finserv Financials

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 Finserv NCD Objective

The net proceeds from the IPO to be utilized towards the following;

  • For the purpose of onward lending and financing.
  • Meet general corporate purposes.

Coupon Rates for Each Series

'
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

Navi Finserv NCD Promoters

Navi Technologies Limited is the company promoter.

Navi Finserv NCD Rating Details

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 NCD Not Eligible to Invest

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

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Navi Finserv NCD Imporatant Links

  • Navi Finserv NCD DRHP >>Document
  • Navi Finserv NCD RHP >>Document
  • Navi Finserv NCD DRHP Shelf >>Navi Finserv NCD Draft Prospectus Shelf is not yet available.
  • Navi Finserv NCD RHP Shelf >>Navi Finserv NCD Red Herring Prospectus Shelf is not yet available.
  • Navi Finserv NCD Allotment Status >>Navi Finserv NCD Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

Navi Finserv Limited
Ground Floor, Salarpuria Business Center No 93, Koramangala Industrial Layout,
Bengaluru,Karnataka-560 095
India
Website: https://www.navifinserv.com/
Phone: +91 89519 04682
Email: [email protected]

Navi Finserv NCD Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Navi Finserv NCD Lead Manager

  1. JM Financial Consultants Private Limited
  2. A.K. Capital Services Limited
Navi Finserv NCD Important dates - Issue Open Date, close Date, NCD Listing Date. NCD Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, NCD Listing date. What is the issue open date and close date for Navi Finserv? Should I apply in Navi Finserv NCD?

Last Updated on 2022-05-18T10:57:39+00:00


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