2 weeks ago
Navi mulls Rs 3,000 crore IPO at $2 billion valuation
Navi is a big Indian financial services company that helps people with their money.
It gives loans, sells mutual funds and health insurance, and offers UPI payments.
It was started by Sachin Bansal, a well-known Indian businessman who earlier led the e-commerce company Flipkart.
Navi now wants to do an IPO, which means selling parts of the company to the public for the first time.
It hopes to raise up to Rs 3,000 crore from new shares it would sell.
The company is aiming to be worth up to $2 billion.
Navi tried to go public before, filing a draft prospectus in March 2022, but it waited because investors were not feeling confident.
Now Navi is trying again, and the paperwork could be ready by December.
Other Indian financial companies are also preparing to go public this year.
Navi, Sachin Bansal's fintech firm, is considering an IPO with a proposed primary issue of up to Rs 3,000 crore.
The company is targeting a valuation of up to $2 billion and may file its prospectus by December, with discussions ongoing.
Navi previously filed a draft prospectus in March 2022 for up to Rs 3,350 crore and received regulatory approval that September, but deferred the offering amid subdued investor sentiment.
Navi is a diversified financial services company spanning lending, mutual funds, health insurance and UPI payments.
Navi is among Indian financial firms preparing IPOs, including Muthoot Fincorp, Truhome Finance, InCred Holdings, Moneyview and Hero FinCorp; companies have raised about $7 billion via Indian IPOs this year versus $22.3 billion in 2025.
- Who
- Navi, the diversified financial services firm founded by Sachin Bansal after he left Flipkart in 2018.
- What
- Navi is reviving its listing plans with a proposed IPO of up to Rs 3,000 crore and a target valuation of up to $2 billion.
- Where
- India.
- When
- Discussions are ongoing; a possible prospectus filing by December.
- Why
- To tap the equity markets as part of a wave of Indian financial firms preparing IPOs, reviving plans deferred in 2022 amid subdued investor sentiment.
Key facts
- Company
- Navi
- Founder
- Sachin Bansal
- Proposed issue size
- Up to Rs 3,000 crore
- Target valuation
- Up to $2 billion
- Possible prospectus filing
- By December
- Business areas
- Lending, mutual funds, health insurance, UPI payments
- Earlier IPO plan
- Draft prospectus March 2022 for up to Rs 3,350 crore; approved September 2022, then deferred
- Indian IPO fundraising this year
- About $7 billion, versus $22.3 billion in all of 2025 (Bloomberg data)
Sources
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