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NAVI FINSERV LIMITED
Issue Size (Net)
upto to Rs.500 Crore
Credit Ratings
IND A/Stable” & CRISIL A/ Stable by India Ratings & CRISIL
Issue Opening Date
JULY 10, 2023
Issue Closing Date
JULY 21, 2023
Specific Terms for Each Series of NCDs
Series I II III IV V
Frequency of Interest Payment Monthly Monthly Annual Monthly Annual
Tenor 18 Months 27 Months 27 Months 36 Months 36 Months
Coupon (per annum) 9.75% 10.25% 10.75% 10.50% 11.02%
Effective Yield (per annum) 10.18% 10.73% 10.78% 10.5% 11.02%
"Amount (Rs. / NCD) on Maturity for Category I II & III IV" Rs. 1000 Rs. 1000 Rs.1000 Rs. 1000 Rs.1000
Put/Call Option NA
1.Company Information

Incorporated in 2012, Navi Finserv Limited is engaged in the business of providing Financial Services. The company offers services such as Digital Personal Loans, Housing Loans and Loans Against Property through its mobile application Navi app. Navi Finserv Limited is a non-deposit taking NBFC registered with RBI and is a wholly owned subsidiary of Navi Technologies Limited. Navi Finserv Limited was previously known as Chaitanya Rural Intermediation Development Services Private Limited.

The company operate a mobile-first, app-only model for personal loans and home loans through the Navi App.

Navi Finserv Limited has approved personal loans to customers across 84% of all Indian pin codes and as of December 31, 2021, the company had disbursed home loans across 8 cities in India.

2. Ratings

IND A/Stable” & CRISIL A/ Stable by India Ratings & CRISIL

3.Navi Finserv NCD Registrar

Link Intime India Private Ltd

  Link Intime India Private Ltd

    C 101, 247 Park, L.B.S.Marg,

    Vikhroli (West), Mumbai - 400083

Phone:+91-22-4918 6270

Navi Finserv Limited Financial Information (Consolidated)

Total Assets
Total Revenue
Profit After Tax
37959.66
33210.77
36852.38
3188.92
3367.36
752.27
-625.89
975.42
97.16
Issuer NAVI FINSERV LIMITED
Instrument Secured Redeemable Non-Convertible Debentures (NCDs)
Issue Opens on Monday, 10 July,2023
Issue Closes on Friday, 21 July,2023
Issue Size Rs. 250 Crore with an option to retain oversubscription up to Rs. 250 Crore aggregating upto to Rs.500 Crore
Issue Price / Face Value Rs.1,000/- per NCD
Minimum Application Rs.10,000/- (10 NCD) and in multiples of Rs.1,000/- (1 NCD) thereafter.
Credit Rating IND A/Stable” & CRISIL A/ Stable by India Ratings & CRISIL
Registrar Link Intime India Private Ltd
Listing The NCDs are proposed to be listed on BSE and NSE
Category I - Institutional II - Non-Institutional III -HNI IV-Retail
Category Allocation 20% 20% 30% 30%
Put/Call Option N.A.
Mode of Allotment Compulsorily in dematerialized form.
Allotment First Come First Serve Basis.
Depositories NSDL and CDSL
Specific Terms for Each Series of NCDs
Series I II III IV V
Frequency of Interest Payment Monthly Monthly Annual Monthly Annual
Minimum Application Rs.10,000/- (10 NCD)
Face Value/ Issue Price Rs. 1,000
In Multiples of thereafter (Rs.) Rs.1,000 (1 NCD)
Tenor 18 Months 27 Months 27 Months 36 Months 36 Months
Coupon (per annum) 9.75% 10.25% 10.75% 10.50% 11.02%
Effective Yield (per annum) 10.18% 10.73% 10.78% 10.5% 11.02%
"Amount (Rs. / NCD) on Maturity for Category I II & III IV" Rs. 1000 Rs. 1000 Rs.1000 Rs. 1000 Rs.1000
Put/Call Option NA
Prospectus File

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