10.30% NFL 30 SEP 2027
Yield10.30%10.30%
Bond Issuer
Navi Finserv Limited
Incorporated on February 14, 2012, Navi Finserv Limited is an NBFC registered in India. The company’s NBFC license was effective on March 11, 2016. On March 05, 2022, the company w…
Issuer Overview
Incorporated on February 14, 2012, Navi Finserv Limited is an NBFC registered in India. The company’s NBFC license was effective on March 11, 2016. On March 05, 2022, the company was converted from a private limited company to a public company.
About Company
According to recent news, Navi Finserv debt bond got listed recently in 2022 followed 1.65 times subscription of the base issue of Rs. 300 crores. It received total bids worth Rs. 495.72 crores. It was about 65% higher than the base issue. The fintech firm's secured, rated, listed and redeemable Non-Convertible Debentures (NCDs) received good response. It had a total value of Rs. 600 crores that included the greenshoe option of Rs. 300 crores.
Business Overview
Some of the Navi FinServ bonds are rated as ‘A’ which relatively indicates medium risk. Considering the risk-reward ratio and the number of options available to invest in the secondary market, long-term investors can look into investing a very small portion of their fixed-income portfolio in the above NCD, and that too is only for diversified investment purposes.
Key Highlights
- Digital-first NBFC offering personal and housing loans
- Listed NCD issuances with retail participation
- Technology-led underwriting and distribution
Credit Rating
A (illustrative from past NCD commentary; verify current)
Industries Served
- Personal Loans
- Home Loans
- Digital Lending
Strengths
- It is a wholly owned subsidiary of Navi Technologies Limited, a reputed brand in India
- The NCDs issued sometime back has been rated as IND A/ Stable by India Ratings & Research Pvt. Ltd.
- Navi NCD IPOs assure an adequate degree of safety to investors
Risk Factors
- Unsecured digital lending credit risk
- Funding and capital adequacy requirements for NBFCs
- Profitability and growth trade-offs in scale-up phases
Why Invest
- Navi Finserv offers personal loans and home loans through its brand name "Navi" to customers across the country. The company's presence extends to various regions, catering to the financial needs of individuals.
- Navi Finserv has established a strong market position and possesses a robust technical system. Its reliable presence in the market reflects its competence and ability to serve customers effectively.
- The company focuses on digital lending products, emphasizing personal and housing finance. This strategic focus aligns with the growing demand for digital financial services and enables Navi Finserv to cater to a wide range of customers.
- Navi FinServ Limited has successfully utilized IPOs to raise funds for expanding its products and services. These IPOs have garnered positive responses from investors, indicating their confidence in the company's growth potential and its ability to generate returns.
- 9-45% interest rate per annum on a reducing balance
Financial Snapshot
- Total Assets
- ₹41,403 Cr
- Net Worth
- ₹11,853 Cr
- ROE
- -5.72%
- ROA
- -1.79%
FAQs
The company Navi Finserv was incorporated on February 14, 2012.
The Navi Finserv Product includes Digital Personal Loans, Housing Loans, and Loan against Property.
Loan Against Property for constructed properties Loans up to Rs. 10 Cr Tenure up to 15 Years LTV up to 70% Interest rate starting at 8.39% per annum Minimal documentation Approval on the spot
Navi Finserv Personal Loans have tenure that ranges up to 84 months.
You can get a personal loan up to Rs. 20, 00,000 subject to the fulfillment of the eligibility and necessary documentation.
Explore Bonds for: Navi Finserv Limited
View All Bonds10.50% NFL 27 AUG 2027
Yield10.30%10.30%
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Disclaimer
The facts and information on this page are for information and awareness purposes only. No information provided here is intended for any specific user and should not be construed as investment advice or a recommendation of any kind. Consult your professional investment or tax advisor before investing in any securities, including bonds mentioned on this page. Digifinn (Launchpad Fintech Private Limited) shall not be liable for losses incurred based on decisions made using information on this page. Investments in debt securities are subject to credit, market, liquidity and default risks. Past performance is not indicative of future results. Verify the latest credit ratings, offer documents and suitability before investing.