Price band
₹ 0 to 0 per equity share
Navi Technologies IPO
Issue period
Opens On:
Closes On:
Bid lot
0 shares and in multiples thereof
More about the IPO
| Issue size | Rs. 0 Cr |
| Price band | Rs. 0 to 0 per equity share |
| Bid lot | 0 shares and in multiples thereof |
| Issue break-up | QIB - Rs. 0.0 Cr |
| HNI - Rs. 0.0 Cr | |
| RET - Rs. 0.0 Cr | |
| Registrar | |
| Listing at |
Company Details
We are a technology-driven financial products and services company in India focusing on the digitally connected young middle-class population of India. We are uniquely positioned in India as one of the leading end-to-end digital ecosystem players with complete control over all three non-payments financial service offerings – lending, insurance and asset management, according to the RedSeer Report.
We have adopted a mobile-first approach, utilising our strong in-house technology and product expertise to build customer-centric products. Since our Company’s incorporation, we have expanded offerings under our “Navi” brand to include personal loans, home loans, general insurance and mutual funds. We also offer microfinance loans, through a wholly-owned Subsidiary, under the “Chaitanya” brand.
We conduct customer insights studies and regularly deploy randomized experiments with A/B Testing, a method of comparing multiple variations against each other, to determine customer behaviour in a live environment and get immediate actionable insights. In addition, we aim to ensure that our products are intuitively designed and simple to understand. When making decisions our emphasis is on what customers do rather than just what they say.
We believe our digital lending process is one of the key differentiators driving business growth. Our customers have experienced downloading the Navi App, completing the entire loan application and receiving the approval and the proceeds of the loan in their bank account in under 5 minutes. According to the RedSeer Report, most digital lenders can disburse personal loans within a few hours of loan inquiry. Incumbents with little digital lending presence on the other hand generally take on an average of 1-3 days from application to disbursal. According to the RedSeer Report, we are a full stack end-to-end digital lending player and are capable of having one of the lowest turnaround times amongst lenders in India, in the personal loans category.
- Log in to the Mirae Asset Sharekhan appMirae Asset Sharekhan app opens in a new tab/window and tap the hamburger menu.
- Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
- Click on the Current IPO tab and select the IPO of your choice.
- On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
- Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
- Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
- Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
- Log in to your UPI app and go to the pending mandates section.
- Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
- Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Note: The actual amount will be debited when the shares are allotted to you.
How to apply for an IPO on the Mirae Asset Sharekhan app
How to apply for an IPO on the Mirae Asset Sharekhan website
- Log in to the Mirae Asset Sharekhan websiteMirae Asset Sharekhan website opens in a new tab/window and click the IPO & OTHERS menu option you see on the top-right.
- From the list of Active IPOs, select the IPO of your choice
- On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
- Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
- Recheck the details on the order confirmation screen and confirm the order.
- Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
- Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
- Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
- Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.
Note: The actual amount will be debited when the shares are allotted to you.
How does an IPO work?
An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.
Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.
In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.
In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).
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FAQs
Yes. IPO & Bonds will reflect in the portfolio.
In case the allotment is not done then bank will unblock the application money from the bank accounts upon receiving instructions from the Registrar.
Bidding time will be till 1200 hrs on the closing day of the issue.
Your bank should be a part of the ASBA participating bankers. Click here to check the list of banks.
Yes, you will receive a sms once the IPO form is processed.
BSE IPO index to track the value of companies for two years after listing subsequent to successful completion of their initial public offering (IPO).
This report provides the debit/credit entry of all the transfers done in the IPO and MF account
Click here to check the status of your IPO application
This product is a Loan Facility offered for applying in Primary Market Issues (IPOs and FPOs). With this product Investors can apply for IPOs by investing only Margin amount (specified for each IPO separately).
