#navi finserv

[everydaythoughtforyou]

[altifi1]

Here’s an opportunity to invest in CRISIL A rated Public Issuance and earn up to 11.19% p.a. XIRR. The Public Issuance of Navi Finserv Bonds is now live on the AltiFi app. Download now. Visit Us: https://altifi.ai/

[hisureshkumar]

11.19% Navi Finserv NCD Feb-2024 - Details, Interest Rates and Review

Navi Finserv is coming up with secured NCD bonds now. These bonds would open for subscription on February 26, 2024. Navi Finserv is a non-deposit taking, systemically important NBFC registered with RBI. The interest rates for Navi Finserv NCD are up to 11.19%. These NCDs are offered for 18 months, 27 months and 36 months tenure. Interest is paid either monthly or yearly. Should you invest in Navi Finserv NCD February, 2024? Is Investment in Navi Finserv NCD Safe or risky?

About Navi Finserv Limited

Company is a non-deposit taking, systemically important NBFC registered with RBI and wholly owned subsidiary of NTL. NTL is a technology driven financial products and services company in India focussing on digitally connected young middle-class population in India. Company offer lending products like personal loans, home loans under the Navi brand. It also offer microfinance loans under the brand name "chaitanya" through its subsidiary, CIFCPL

Navi Finserv NCD Feb-2024 issue details

Here are the details of Navi Finserv NCD Feb-2024 issue. Subscription opening Date 26-Feb-24 Subscription closure Date 07-Mar-24 Issuing Security Name Navi Finserv Limited Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) Issue Size (Base) Rs 300 Crores Issue Size (Option to retain over subscription) Rs 300 Crores Total issue size Rs 600 Crores Issue price Rs 1,000 per bond Face value Rs 1,000 per bond Minimum Lot size 10 bonds and 1 bond there after Tenure 18, 27 and 36 months Interest Payment frequency Monthly and Annually Listing on Within 6 working days on BSE/NSE Lead Manager JM Financial Limited Debenture Trustee/s Catalyst Trusteeship Limited NRI’s cannot apply to this NCD subscription.

Navi Finserv NCD Interest Rates – Feb-2024 Issue

Series I II III IV X Frequency of Interest Payment Monthly Monthly Annual Monthly Annual Tenor (in months) 18 27 27 36 36 Coupon (% per Annum) 10.00% 10.40% 10.90% 10.65% 11.19% Effective Yield (% per Annum) 10.47% 10.91% 10.94% 11.19% 11.19% Amount on Maturity (In Rs.) 1,000 1,000 1,000 1,000 1,000

What are the credit ratings for these NCDs?

CRISIL Ratings assigned Navi Finserv NCD rating as CRISIL A/Stable. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.

How is the company doing in terms of profits?

Here are the restated consolidated profits of the company. - FY2021 – Rs 118.1 Crores - FY2022 – Rs 14.66 Crores (Loss) - FY2023 – Rs 264.1 Crores

Why to invest in these NCDs?

- Navi Finserv NCD’s offer attractive interest rates where investors can get interest up to 11.19%. - It issues secured NCDs. Its secured NCDs are safe compared to unsecured NCDs. In case company gets wind-up/shut down for some reason, secured NCD investors would get preference in repayment of capital along with interest as those backed up by assets of the company. Hence it is safe to invest in such secured NCD options.

Why not to invest in these NCD Bonds?

Here are the risk factors investors should consider before investing in these bonds. - Company has incurred losses for FY22. Investors should always invest in profit making companies so that they can get timely payment of interest and repayment of capital. - Company lending business of and micro finance business operations rely intensively on substantial capital for its lending and microfinance business operations. Any disruption can affect company financial condition and liquidity - Company is affected by volatility in interest rates in both lending and treasury operations which could cause its net interest income to varry and affect its profitability. - Company has significant growth in recent period and may not be able to grow at similar pace in future or manage it effectively. - Customers default in repayment obligations can adversely affect company. - Covid pandemic has affeced its regular business operations and may continue in fuure too. - Refer Navi Finserv Feb-24 NCD prospectus for complete risk factors.

How safe is Navi Finserv NCD Bonds?

These NCD bonds are rated as A/Stable by Crisil Ratings. Such ratings are considered to have adequate safety regarding timely servicing of financial obligations with low credit risk. Hence these are safe bonds.

Should you invest in Navi Finserv NCD Feb-2024 issue?

- These NCD Bonds offer high interest rates and yield. Such interest rates are higher than FD rates offered by small finance bank too. It comes with A/Stable credit ratings which are considered to have adequate safety and carry low credit risk. These are secured NCDs too. - On the other side investment in these bonds comes with several risk factors. Company credit ratings can change in future without any advance intimation. Company has incurred losses for FY22, however shown significant improvement both in terms of revenue and margins. Investors who understand all these risk factors can invest in such NCDs. Read the full article

[wealthview]

Navi Technologies IPO Date, Lot Size, Price, Company Profile & Financial Details

New Post has been published on https://wealthview.co.in/navi-technologies-ipo/

Navi Technologies IPO Date, Lot Size, Price, Company Profile & Financial Details

Navi Technologies IPO: Company and Industry: Navi Technologies is a young player in the Indian financial services industry, using technology to offer a range of products and services focused on the underserved middle class. Their offerings include micro-loans, wealth management, and insurance, all delivered through a digital platform.

IPO Details: While the IPO is yet to occur, the company has received Sebi approval and aims to raise Rs. 3,350 crore through a fresh issue of equity shares. The offer size may decrease if they choose to proceed with a pre-IPO placement of up to Rs. 670 crore. Dates for the open, close, and listing are still undisclosed. The price band is also yet to be announced.

News and Developments:

The IPO has generated significant buzz due to Sachin Bansal’s involvement as Founder and Chairperson. Bansal co-founded Flipkart, India’s e-commerce giant, and his success story adds allure to Navi.

However, some analysts express concerns about Navi’s profitability and lack of established track record compared to other financial giants.

Recent developments like Navi Finserv’s partnership with Mastercard and the launch of new insurance products could improve investor sentiment.

Navi Technologies has not yet issued any public offerings since its initial public offering (IPO) in March 2022. Therefore, providing details about current offer types, investor category reservations, and minimum lot sizes is not possible.

Securities offered: Equity shares Reservation percentages:

Retail investors: 35%

Qualified Institutional Buyers (QIBs): 50%

Non-Institutional Investors (NIIs): 15% Minimum lot size: 15 shares Amount required to invest: Depends on the final issue price per share, which was not known at the time of the draft offer document filing.

Navi Technologies Company Profile:

Company History and Operations:

Founded in December 2018 by Sachin Bansal (Flipkart co-founder) and Ankit Agarwal (ex-banker), Navi Technologies is a financial services company headquartered in Bengaluru, India.

Started with digital lending through its subsidiary Navi Finserv, Navi has expanded into other areas like cash, home loans, health insurance, and mutual funds.

Operating from its Bangalore office, Navi employs a technology-driven and customer-centric approach to offer products and services.

Market Position and Share:

Navi’s Digital Lending platform (Navi app) became one of the largest lending apps in India within 3 months of launch, serving over 1.5 lakh customers.

While still relatively young, Navi is considered a disruptive player in the Indian financial services space, aiming to challenge traditional institutions. Its market share in specific segments like digital lending is growing rapidly.

Milestones and Achievements:

Secured USD 377 million in funding across multiple rounds from marquee investors like Tiger Global, Sequoia Capital, and Premji Invest.

Received SEBI approval for mutual fund business in 2022.

Filed for an INR 3350 crore IPO (initial public offering) in March 2022, though it is yet to debut.

Competitive Advantages and USP:

Technology-driven: Focuses on automation, AI, and data analytics for streamlined and efficient services.

Customer-centric: Offers transparent and simplified financial products through user-friendly interfaces.

Accessibility: Targets segments traditionally underserved by banks, making financial services inclusive.

Unique approach: Blends digital capabilities with personal touch through human intervention where needed.

Potential Risks Associated with Navi Technologies IPO:

Market Volatility:

The financial markets are currently facing uncertainty due to various factors like inflation, rising interest rates, and geopolitical tensions. This volatility could lead to a dip in the overall market, impacting the initial performance of Navi Technologies’ stock.

High IPO valuations are particularly vulnerable in volatile markets, increasing the risk of price correction after listing.

Industry Headwinds:

The Indian fintech space is still nascent and highly competitive. Established players, including Paytm and PhonePe, hold significant market share, making it challenging for Navi Technologies to carve out a strong position.

Regulatory changes in the financial services sector could negatively impact the company’s growth prospects.

Company-Specific Challenges:

Navi Technologies is a relatively new company with limited operating history. Its lack of a diversified revenue stream and established track record of profitability could raise concerns among investors.

Dependence on funding from strategic partners like Flipkart could limit its operational independence and raise potential conflicts of interest.

Concerns about Navi Technologies’ data privacy practices and potential security vulnerabilities could damage its reputation and hinder user acquisition.

Financial Health Analysis:

Analyze the company’s financial statements, including income statements, balance sheets, and cash flow statements. Pay close attention to revenue growth, profitability, debt levels, and cash reserves.

Look for red flags like declining revenue, increasing losses, high debt-to-equity ratios, or significant cash burn.

Compare Navi Technologies’ financial performance with its competitors to assess its relative competitiveness.

Navi Technologies Limited Draft Offer Documents filed with SEBI

Also Read: How to Apply for an IPO?

[purpleloveenthusiast]

Navi co-lends loans worth Rs 1,900 Cr via new cloud platform (Good record)

https://yourstory.com/2023/07/navi-finserv-lending-cloud-platform-co-lends-loans-rs-1900-crore

[thenetionalnews]

Market Investors: Risk-tolerant investors can look at Navi NCDs

Market Investors: Risk-tolerant investors can look at Navi NCDs

Mumbai: Fixed income investors with higher appetite for risk could consider the non-convertible debenture (NCD) issue of Navi FinServ. Financial planners said investors must, however, restrict their exposure to the paper as it does not enjoy top-notch credit rating. The NCD issue is open for subscription and closes on June 10, with an option to close early in the event of over-subscription. There…

[divyabhashkar]

Sachin Bansal s Navi offers home loans at 6 4 percent Here is what borrowers must do nodvkj

Sachin Bansal s Navi offers home loans at 6 4 percent Here is what borrowers must do nodvkj

नई दिल्ली. हर आदमी का सपना होता है कि उसके पास अपना घर हो. अगर आप भी घर खरीदने के लिए होम लोन (Home Loan) लेने का मन बना रहे हैं तो आपके लिए एक शानदार मौका है. दरअसल, आरबीआई द्वारा रजिस्टर्ड एनबीएफसी कंपनी नावी फिनसर्व (Navi Finserv) होम लोन को ऐप के जरिए इंस्टैंट अप्रूवल ऑफर कर रही है. 6.46 फीसदी से शुरू होती हैं होम लोन की ब्याज दरेंसचिन बंसल की कंपनी नावी का कहना है कि ऐप के माध्यम से ही सारा…

[axis-news]

AI-powered social media analytics startup Circus Social raises $1 million

AI-powered social media analytics startup Circus Social raises $1 million

Circus Social, a social media analytics and Big Data SaaS company has raised $1 million in a Pre-Series A Round led by Inflection Point Ventures, and other marquee investors based in the United States, Singapore and India. These investors include Saurabh Gupta, Director (Data Strategy, Operations & Modernization) – DC OSSE; Ganesh Mohan, Head of Strategy – Bajaj Finserv; Samit Shetty, CEO – Navi…

[newsmatters]

AI-powered social media analytics startup Circus Social raises $1 million

AI-powered social media analytics startup Circus Social raises $1 million

Circus Social, a social media analytics and Big Data SaaS company has raised $1 million in a Pre-Series A Round led by Inflection Point Ventures, and other marquee investors based in the United States, Singapore and India. These investors include Saurabh Gupta, Director (Data Strategy, Operations & Modernization) – DC OSSE; Ganesh Mohan, Head of Strategy – Bajaj Finserv; Samit Shetty, CEO – Navi…

[deepaksharma02]

Oppo F17 128 GB Navy Blue (8 GB RAM) Online on EMI

Oppo F17 128 GB Navy Blue (8 GB RAM) Online on EMI

Oppo F17: Get best Oppo F17 128 GB Price at Bajaj Finserv EMI Store. You can avail exciting deals & offers on the 128 GB & 8 GB version. Buy your Navy Blue Oppo F17 Today! Zero Down payment, No Cost EMI. OFFER PRICE ₹18,490 HIGHLIGHTS 16 MP + 8 MP + 2 MP + 2 MP Rear Camera8 GB RAM128 GB Storage6.44 inch Display4015 mAh Battery See the full Specification:…

[webknowledgefree]

Woodland Outdoors For Men (Navy)

Woodland Outdoors For Men (Navy)

Outdoors For Men (Navy)

Special priceNo Cost EMI on Bajaj Finserv EMI Card on cart value above Rs.4499 No Cost EMI on Flipkart Axis Bank Credit Card Special Price Get extra 28% off (price inclusive of discount) Bank Offer 10% Instant Discount* with Axis Bank Credit and Debit Cards

[prajapatimagnum-blog]

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