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Navi Technologies IPO
upcoming
TBAMin. investment
Navi Technologies IPO Details
Issue size
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IPO type
Mainboard
RHP/DRHP
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IPO type
Regular
RHP/DRHP
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In 2018, soon after exiting Flipkart, the co-founder and former chairman of the e-commerce platform decided to switch gears. Sachin Bansal made his foray into the burgeoning finance industry with Navi Technologies. The Bansal-owned fintech aims to become a disruptor in this space.
From personal loans and home loans to general insurance and mutual funds, the fintech player offers a variety of financial products and services on its digital platform.
And now, the company is all set to tap the equity markets to fuel its growth. The company plans to launch the Navi Technologies IPO and list on the bourses. The proceeds raised via the fresh issue of the Navi Technologies IPO will be used for augmenting the capital base of the company’s subsidiary Navi Finserv (NFPL), which is a non-banking financial company. The money will also be used to shore up the capital base and maintain the current solvency levels of Navi General Insurance.
Frequently asked questions
How to invest in the Navi Technologies IPO ?
Investors can apply for the Navi Technologies IPO through their Demat account via the stock exchange or through their broker.
What is 'pre-apply' for Navi Technologies IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Navi Technologies IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Who is the registrar of Navi Technologies IPO ?
For Navi Technologies IPO, the IPO registrar is Link Intime India Private Limited. You can check Navi Technologies IPO allotment status on the website of the registrar.
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Step 1
Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section
Step 2
Click on apply, enter the lot size, price and provide your UPI mandate.
Step 3
Approve the UPI mandate on your UPI app and you are all set!