Wednesday, May 25, 2022

Navi Finserv NCD May 2022 Date, Rating & Interest Rates

Incorporated in 2022, Navi Finserv Limited ("NAVI") with its systematic and focused approach strives to meet the borrowing needs of middle-income families and aims to be a Pan India Financial Services Company and provide the full spectrum of financial services, by developing various types of financial products. Navi Finserv strongly believes that the financial products will help in the empowerment and capacity building of middle-income families. They operate a mobile-first, an app-only model for personal loans and home loans through the Navi App.

Navi Finserv has a rating of IND A/ Stable by India Ratings & Research Pvt Ltd. Navi Finserv Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on 23 May 2022. Navi Finserv will offer 9.80% interest rates on the NCDs. The NCDs tenure is for 18 and 27 Months.

Navi Finserv

Navi Finserv NCD May 2022 Issue Details

 NCD Issue Open May 23, 2022
 NCD Issue Close June 10, 2022
 NCD Issue Size Base: 300 Cr. | Shelf: 300 Cr.
 Price Band ₹1000 per NCD
 Interest Rate Up to 9.80% ** (Annually)
 Minimum Investment 10 Bonds (₹1,000)
 Listing on BSE, NSE Platform
 Credit Rating IND A/ Stable by India Ratings & Research Pvt Ltd
 Tenor 18, and 27 Months
 Basis of Allotment First Come First Serve Basis

Navi Finserv NCD May 2022 Promoters

  • Navi Technologies Limited

How to Apply Navi Finserv NCD May 2022 Issue?

You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.

Navi Finserv NCD May 2022 Tenure & Interest Rates

Opt Tenure Payment Coupon Eff. Yield
I 18 Month Month 9.20% 9.59%
II 18 Month Annual 9.50% 9.57%
III 27 Month Month 9.40% 9.80%
IV 27 Month Annual 9.75 9.77%

Navi Finserv NCD May 2022 Lead Manager

  • A.K. Capital Services Limited
  • JM Financial Consultants Private Limited

Navi Finserv NCD May 2022 Allotment Status

  • Navi Finserv NCD issue allotment available on Linkintime

Navi Finserv NCD May 2022 Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: navifinserv.ncd@linkintime.co.in
Website: https://linkintime.co.in/

Company Information

Navi Finserv Limited
Ground Floor, Salarpuria Business Center No 93,
Koramangala Industrial Layout,
Bengaluru 560 095, Karnataka
Phone: +91 89519 04682
Email: corporate_finserv@navi.com
Website: https://www.navifinserv.com/

Navi Finserv NCD May 2022 FAQs:


When is Navi Finserv NCD Open?
Navi Finserv NCD is to open on May 23 and close on June 10, 2022.

What is Navi Finserv NCD Price?
The company has fixed the price at ₹1000 per NCD.

What is Navi Finserv NCD Issue Size?
The NCD issue size is ₹300 crores.

On Which platform the Navi Finserv NCD will list?
Navi Finserv NCD will list on BSE and NSE Platforms.

How to apply for Navi Finserv NCD?
You can apply from your existing Demat account online and offline.

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