High Yield | IND A Rated | Minimum Investment: 10k Only
Navi Finserv Limited is issuing the Non-Convertable Debentures. These NCDs are IND A/Stable rated by India Ratings and Research Pvt Ltd. The NCDs are being issued in four series: coupon ranges from 9.20% to 9.75% p.a. and different tenures of 1.5 years, and 2.3 years. The NCDs are secured and redeemable in nature.
INVEST NOW
Coupon rates and effective yield for each of the series
Allocation Ratio
The allocation ratio is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by SEBI. Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for NAVI NCD-IPO.
Investment Process for NAVI FINSERV LTD NCD IPO
You can invest in IPOs via GoldenPi in easy steps.
If the investment amount is less than & up to 10 lakhs, retail investors can apply for an IPO online.
If the investment amount is more than 10 Lakhs.
Issue analysis
Pros
- These NCDs are secured by the assets of the company providing an additional layer of protection to your investment.
- These are secured securities.
- The issuer is offering high coupon rates, when compared with FD rates.
- These NCDs are IND A rated with a stable outlook. A rated NCDs are considered investment-grade securities.
Cons
- Lending business is facing consistent losses.
- Asset quality deteriorating by over 10%.
To get better returns than Bank FDs, invest in NCD-IPOs online.
About Navi Finserv Ltd.
Navi Finserv Ltd, is a non-banking financial institution. Incorporated in 2012, NFPL is a fully owned subsidiary of the Navi Group. The company was set up by the founder and ex-promoter of Flipkart, Sachin Bansal and his friend Ankit Agarwal.
Business Verticals:
- Digital Personal Loans
- Home Loans
- Mutual Funds
- Health Insurance
- Micro-Loans
Snapshot stating the Revenue, Expenses, EBIT, Net Worth and PAT (Amount in Rs. Crore)
Cash flow for last 5 years
Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.
- *Cash flow from operating activities reflects the amount a company generates through its product of services.
- **Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.
- ***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects the net flows of cash that are used to fund the company.
Ratio Analysis
Key Highlights
Financial for 2021
- Total Assets- Rs. 3321 Crore
- Total Equity- Rs. 1152.6 Crore
- Net Profit- Rs. 97.5 Crore
- Capital Adequacy Ratio- 38%
Strengths
- Large Capital Base
- Eminent Board and Advisors
- Adequate Liquidity
- Reserve Equity to support business requirements
Weakness
- Weak Operating Parameters
- Lending business leverage exceeding 3.5x
Invest in Bond IPO online in just 5 minutes
| Details | Maximum yield | Overall Issue Size | Credit Rating | Start Date | Closing Date | For more details |
|---|---|---|---|---|---|---|
| Navi Finserv NCD IPO July, 2023 | 11.01% | 500 cr | CRISIL A Stable, IND A Stable | July 10, 2023 | July 21, 2023 | More Details |
| Navi Finserv NCD IPO May 2022 | 9.80% | 600 cr | IND A (Stable) | May 23, 2022 | June 10, 2022 | More Details |
