Navi Finserv NCD 2022 Bonds are Open on 23 May 2022 and to close on 02 June 2022. The Company will offer 9.80% interest rates on the NCD Bonds. And NCD tenure will be applicable for 18 months, and 27 months. The company will raise base fund of ₹300 crores and Self fund ₹300 through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
Navi Finserv Limited is an Indian financial services company.NTL is a technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India. The Company offer lending products like personal loans and home loans under the “Navi” brand. The company also offer microfinance loans, under the “Chaitanya” brand through Subsidiary company.
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The Company’s home loans product was launched under the “Navi” brand in February 2021 to extend: (a) home loans for ready to move-in, under-construction and self-constructed properties, and (b) loans against property for constructed properties. As of December 31, 2021, the Company had disbursed home loans across 8 cities in India. Our Company offers loans up to ₹100 million with a tenor of up to 30 years. As of December 31, 2021, The Company had an AUM of ₹1,777.09 million and since launch we have disbursed 604 loans with an average ticket size of ₹3.86 million.
Company Strengths :
- Better customer engagement and experience through Navi App
- Extensive Reach
- Strong Underwriting and Risk management model
- Robust Collection Mechanisms
- Diverse Borrowing Profile across fund raising mechanisms and lenders
- Strong leadership backed by experienced management team and high corporate governance standards
Navi Finserv NCD Review :
■ Coming Soon
Navi Finserv NCD Security Name :
■ Navi Finserv Limited
Navi Finserv NCD Security Type :
■ Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Navi Finserv NCD Ratings
| Agency | Rating |
| IND | A/ Stable |
Navi Finserv NCD 2022 Issue Details :
| Issue Open | 23 May 2022 |
| Issue Close | 02 June 2022 |
| Issue Base Size | ₹300 Cr. |
| Issue Shelf Size | ₹300 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 9.80% Annual |
| Listing on | BSE & NSE Platform |
Navi Finserv NCD Market Lot :
| Minimum Market Lot : | 1 Lot |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Navi Finserv NCD 2022 Issue Tenure & Interest Rates :
| SR | 1 | 2 | 3 | 4 |
| Tenure | 18 Month | 18 Month | 27 Month | 27 Month |
| Nature | Secured | Secured | Secured | Secured |
| Interest | Monthly | Annual | Monthly | Annual |
| Coupon Rate | 9.20% | 9.50% | 9.40% | 9.75% |
| Effective Yield | 9.59% | 9.57% | 9.80% | 9.77% |
| Maturity | 1000 | 1000 | 1000 | 1000 |
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Company Promoters :
■ Mr. Ajay G. Piramal
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Navi Finserv Lead Managers :
■ A.K. Capital Services Limited
■ JM Financial Consultants Private Limited
Navi Finserv NCD Debenture Trustee :
Catalyst Trusteeship Services Limited
GDA House, Plot No. 85, Bhusari Colony (Right),
Kothrud, Pune 411038
Tel: +91 22 4922 0555
Facsimile: + 91 22 4922 0555
Email: Compliance [email protected]
Investor Grievance Email: [email protected]
Website: www.catalysttrustee.com
Navi Finserv NCD Registrar :
Link Intime India Private Limited
C-101, 247 Park, LBS Marg, Vikhroli (West),
Mumbai 400 083
Tel: +91 22 4918 6200
Facsimile: (91 22) 4918 6195
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.linkintime.co.in
Company Address :
Navi Finserv Limited
Ground Floor, Salarpuria Business Center, No 93
Koramangala Industrial Layout, Bengaluru, 560 095
Karnataka, India
Contact Number: +91 89519 04682
Facsimile: N/A
Email: [email protected]
Website: www.navifinserv.com
Navi Finserv NCD 2022 FAQs:
What is Navi Finserv NCD 2022?
Navi Finserv NCD is Security Bond.
When Navi Finserv NCD 2022 will open?
The Navi Finserv NCD 2022 is to open on 23 May – 02 June 2022.
What is the Navi Finserv NCD Size?
Navi Finserv NCD size is ₹600 Crores.
What is the issue Shelf size of Navi Finserv NCD?
The Shelf size of Navi Finserv NCD ₹300 Cr.
What is the issue Base size of Navi Finserv NCD?
The Base size of Navi Finserv NCD ₹300 Cr.
What is Navi Finserv NCD Price Band?
Navi Finserv NCD Price Band is ₹1000 Per NCD.
What is Navi Finserv NCD Minimum Lot Size?
The Navi Finserv NCD Minimum Lot Size 10.
What is Navi Finserv NCD 2022 Interest Rate?
The Navi Finserv NCD 2022 Interest Rate is 9.80% Annual.
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