Navi Finserv NCD May 2022 Date, Rating & Interest Rates
Written by Lucky Wilson | KGTO Writer on May 19, 2022
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 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: [email protected]
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: [email protected]
Website: https://www.navifinserv.com/
Navi Finserv NCD May 2022 FAQs:
Navi Finserv NCD is to open on April 23 and close on June 10, 2022.
The company has fixed the price at ₹1000 per NCD.
The NCD issue size is ₹300 crores.
Navi Finserv NCD will list on BSE and NSE Platforms.
You can apply from your existing Demat account online and offline.
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