Navi Technologies

IPO Size

`3350 Cr

Price Band

NA

Minimum Lot Size

NA

Face Value

`100 Per Share

Employee Discount

NA

Retail Allocation

NA

Issue Open Date

NA

Issue Close Date

NA

Listing Date

NA

About the Company:

NAVI is a technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India. According to Redseer Report, NAVI is uniquely positioned in India 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.

 

The financial firm has adopted a mobile-first approach, utilizing its strong in-house technology and product expertise to build customer-centric products. The firm since its inception has expanded offerings under our “Navi” brand to include personal loans, home loans, general insurance, and mutual funds. The firm also offers microfinance loans, through a wholly-owned Subsidiary, under the “Chaitanya” brand.

Outstanding Litigation:

S.No. 1 - Company 2 - Directors 3 - Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases - - - - - 1
Material civil cases - - - - 2 -
Taxation matters - - - - - -
Regulatory Procedings - 1 - 1 - -

Financial Statements:

Income Statement(in Milllions) Dec'2021 FY21 FY20 FY19
Gross Operating Income 7,193.79 7,800.17 2,070.16 169.52
Cost of Employee & Inventory 2,107.42 1,696.74 616.14 58.11
Other Expenses 7,935.91 5,448.87 1,581.30 123.84
EBITDA -742.12 2,351.30 488.86 45.68
Depreciation 357.32 406.59 89.33 1.69
Finance Cost 1,371.05 882.10 370.26 0.87
Profit/Loss Before Tax -2,470.49 1,062.61 29.27 43.12
 Tax -406.22 350.73 109.98 22.43
Profit After Tax -2,064.27 711.88 -80.71 20.69

Promoter of the Company

Mr. Sachin Bansal

Peer Comparison

• Bajaj Finance Limited • SBI Cards and Payment Services Limited • CreditAccess Grameen Limited • ICICI Lombard General Insurance Company Limited • Star Health and Allied Insurance Company Limited • HDFC Asset Management Company Limited • Nippon Life India Asset Management Limited • Aditya Birla Sun Life AMC Limited • UTI Asset Management Company Limited

Objectives of the Issue

Fresh Issue

Proceeds from the sale of shares worth Rs3350 crores will be utilized for: • Investment into our Subsidiaries, Navi Finserv Private Limited (“NFPL”) and Navi General Insurance Limited (“NGIL”) • General corporate purposes.

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