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Sachin Bansal-led Navi Tech gets Sebi green signal for Rs 3,350 cr IPO

The firm provides digital-first distribution of personal loans, home loans and health insurance to customers without the need of physical infra

ipo filing | SEBI | Sachin Bansal

BS Reporter  |  Mumbai 

Photo: Shutterstock

Navi Technologies has received a go-ahead from market regulator to launch its initial public offering (IPO). The Sachin Bansal-led firm had filed an offer document for a Rs 3,350-crore fund raise in March.

Navi plans to use the proceeds to scale up its lending and insurance verticals. The company provides digital-first distribution for personal loans, and offerings to its customers without the need of physical infrastructure.

Its arm Navi Mutual Fund is largely focused on offering low-cost passive funds. Started about three years ago, Bansal has invested around Rs 4,000 crore into the company.

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First Published: Mon, September 12 2022. 18:06 IST