Now Reading: Navi revives Rs 3,000 crore IPO, Sachin Bansal’s firm targets $2 billion valuation
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Navi revives Rs 3,000 crore IPO, Sachin Bansal’s firm targets $2 billion valuation
Navi revives Rs 3,000 crore IPO, Sachin Bansal’s firm targets $2 billion valuation
Navi, the fintech firm founded by Sachin Bansal, is reviving plans for an initial public offering (IPO) of up to Rs 3,000 crore, Bloomberg reports. The company is targeting a valuation of…
The Story in Brief
Navi, the fintech firm founded by Sachin Bansal, is reviving plans for an initial public offering (IPO) of up to Rs 3,000 crore, Bloomberg reports. The company is targeting a valuation of about $2 billion and may file a prospectus by December. Discussions are ongoing, and representatives for Navi and the banks did not comment. Navi had earlier filed a draft in March 2022 for a Rs 3,350 crore IPO and received regulatory approval, but deferred the offering due to poor market conditions.
Navi is a diversified financial services company with businesses in lending, mutual funds, health insurance, and UPI payments. It joins a growing list of Indian financial firms planning IPOs, including Muthoot Fincorp, Truhome Finance, InCred Holdings, Moneyview, and Hero FinCorp. So far in 2025, companies have raised about $7 billion through IPOs in India, compared with $22.3 billion in all of 2025, according to Bloomberg data.
The Indian Opinion
This is yet another 'revival' story in a frothy IPO market that has already seen $7 billion in offerings this year. The lazy narrative is that every fintech IPO is a sure winner for retail investors. But Navi shelved a similar plan in 2022 after getting Sebi approval, blaming 'headwinds'. This time, the key test is whether the company can justify a $2 billion valuation when its earlier draft pegged the issue at Rs 3,350 crore. Watch for the final price band and the portion reserved for anchor investors. If big institutional buyers stay away, small investors should ask why.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
