NCD Status: Closed [23rd May 2022 to 10th Jun 2022]
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.
|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 Issue Open||23rd May 2022|
|NCD Issue Close||10th Jun 2022|
* - Tentative Dates
|Category Name||NCD's Allocated|
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.
|Navi Finserv Financials (₹ in Cr)||31-Dec-2021||31-Mar-2021||31-Mar-2020|
The net proceeds from the IPO to be utilized towards the following;
|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 Technologies Limited is the company promoter.
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.
Last Updated on 2022-05-18T10:57:39+00:00
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