SynopsisThe development comes nearly four years after Navi first filed for an IPO, seeking to raise Rs 3,350 crore. The company received an approval from the Securities and Exchange Board of India (Sebi) in September 2022 for the issue, but put the plan on hold amid market volatility and a sharp decline in technology stocks.Fintech startup Navi Ltd, cofounded by Flipkart cofounder Sachin Bansal, is preparing to file for an initial public offering (IPO) by the March quarter of 2026-27 to raise Rs 3,000 crore, said people familiar with the development.The issue is likely to include fresh capital and an offer for sale, though the split is yet to be finalised, they said. The Bengaluru-based company is working with Kotak Investment Banking for the IPO.The developmentNow Playing
Sachin Bansal’s fintech firm Navi eyeing Rs 3,000-crore IPO by March 2027 - The Economic Times
The development comes nearly four years after Navi first filed for an IPO, seeking to raise Rs 3,350 crore. The company received an approval from the Securities and Exchange Board of India (Sebi) in September 2022 for the issue, but put the plan on hold amid market volatility and a sharp decline in technology stocks.
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