Incorporated in 2022, Navi Finserv Limited (“NAVI”) with its systematic and centered method strives to fulfill the borrowing wants of middle-income households and goals to be a Pan India Financial Services Company and supply the total spectrum of monetary companies, by growing varied varieties of monetary merchandise. Navi Finserv strongly believes that the monetary merchandise will assist in the empowerment and capability constructing of middle-income households. They function a mobile-first, an app-only mannequin for private loans and residential loans by means of the Navi App.
Navi Finserv has a ranking of IND A/ Stable by India Ratings & Research Pvt Ltd. Navi Finserv Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start out on 23 May 2022. Navi Finserv will supply 9.80% rates of interest on the NCDs. The NCDs tenure is for 18 and 27 Months.
Navi Finserv NCD May 2022 Issue Details
| Â NCD Issue Open | Â May 23, 2022 |
| Â NCD Issue Close | Â June 10, 2022 |
| Â NCD Issue Size | Â Base: 300 Cr. | Shelf: 300 Cr. |
|  Price Band |  ₹1000 per NCD |
| Â Interest Rate | Â Up to 9.80% ** (Annually) |
|  Minimum Investment |  10 Bonds (₹1,000) |
| Â Listing on | Â BSE, NSEÂ Platform |
| Â Credit Rating | Â IND A/ Stable by India Ratings & Research Pvt Ltd |
| Â Tenor | Â 18, and 27 Months |
| Â Basis of Allotment | Â 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 out of your current Demat account on-line and offline. You can apply by downloading the shape from the official web site and filling up all the small print with the cheque for the mentioned quantity. You can submit it to the gathering facilities.
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.Ok. Capital Services Limited
- JM Financial Consultants Private Limited
Navi Finserv NCD May 2022 Allotment Status
- Navi Finserv NCD concern allotment accessible 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 shut on June 10, 2022.
You can apply out of your current Demat account on-line and offline.
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