9.8% Navi Finserv NCD May 2022


Last updated on June 3, 2022

NCD Subscription Allotment Status
Navi Finserv NCD May 2022

Navi Finserv NCD May description – Originally incorporated as Chaitanya Rural Intermediation Development Services Private Limited, the company is a non-deposit taking, systemically important NBFC registered with RBI and a wholly owned subsidiary of Navi Technologies Limited (NTL). 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 offers lending products like personal loans and home loans under the “Navi” brand. It also offers microfinance loans, under the “Chaitanya” brand through its subsidiary, CIFCPL.

The company launched its personal loans product under the “Navi” brand in April 2020. Under this business, it extends instant personal loans up to INR2 million with tenors of up to 84 months through an entirely digital Navi App only process. Since launch and up to 31 December 2021, it had disbursed 481,121 personal loans amounting to INR22,463.12 million.

Promoters of Navi Finserv – Navi Technologies Limited

Navi Finserv NCD May 2022 Details

Subscription Dates23 May – 2 June 2022
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000 per NCD
Issue PriceINR1,000 per NCD
Issue Size (Base)INR300 crore
Overall Issue Size (including oversubscription)INR600 crore
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor18 months
27 months
Credit RatingIND A/ Stable
Category ReservationCategory 1 (QIB): 20%
Category 2 (NII): 20%
Category 3 (HNI): 30%
Category 4 (Retail): 30%
Basis of AllotmentFirst Come First Serve
Listing OnBSE, NSE

Navi Finserv NCD 2022 – Options and Coupon Rates

OptionTenureInterest PaymentCoupon RateEffective YieldMaturity Amount
Series 118 monthsMonthly9.2%9.59%INR1,000
Series 218 months Annual9.5%9.57%INR1,000
Series 327 monthsMonthly9.4%9.8%INR1,000
Series 427 months Annual9.75%9.77%INR1,000

Navi Finserv Non Convertible Debentures Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200 
Email: [email protected]
Website: www.linkintime.co.in

Navi Finserv NCD Documents

Navi Finserv Contact Details

Navi Finserv Limited
Prestige RMZ Startech, 7th floor,
Wing B, No. 139, 2, Hosur Road,
Koramangala Industrial Layout,
S.G Palya, Bengaluru 560 095
Phone:+91 89519 04682
Email: [email protected]
Website: www.navifinserv.com

Navi Finserv NCD 2022 Subscription Status (no. of times)

DatesCategory 1 (QIB)Category 2 (NII)Category 3 (HNI) Category 4 (Retail)Total
2 June 2022 5.120.680.840.931.69
1 June 2022 5.080.590.830.791.63
31 May 20225.080.670.820.681.60
30 May 20223.250.740.790.631.23
27 May 2022 3.25 0.910.720.531.21
26 May 2022 3.25 0.990.710.481.21
25 May 20223.251.010.700.411.19
24 May 20223.250.940.680.331.14
23 May 20222.421.090.660.210.96

Navi Finserv NCD 2022 Allotment Status

Navi Finserv NCD 2022 allotment status will be updated at the website of Link Intime India Private Limited website. Click on this link to get allotment status.

Navi Finserv NCD 2022 FAQs

What is the face value and lot size of Navi Finserv NCD 2022?

The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.

What is the frequency of interest payment in Navi Finserv NCD 2022?

The frequency of payment for Navi Finserv NCD is Annual and Monthly.

What is basis of allotment in Navi Finserv NCD 2022 offer?

Navi Finserv NCDs will be allotted on a First Come First Serve Basis.



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