Fintech company Navi is reportedly planning to launch a ₹3,000 crore initial public offering (IPO) by March 2027. Before going public, the company is also looking to raise fresh funds from investors as it prepares for its second attempt at listing.
Sachin Bansal-founded fintech company Navi is getting ready to enter the stock market again after its earlier IPO plan was put on hold in 2022. According to reports, the company is expected to file its draft IPO papers with the Securities and Exchange Board of India (SEBI) by the March quarter of the current financial year. Kotak Investment Banking has reportedly been chosen to manage the IPO.
The company plans to raise around ₹3,000 crore through the public issue. The IPO is expected to include both a fresh issue of shares and an offer-for-sale (OFS), but the final structure has not been decided yet.
Before the IPO, Navi is also looking to raise fresh equity from investors. Prosus is expected to lead the funding round, which would be the company’s first external equity investment. Reports said the two sides are still discussing the valuation, with Prosus said to be comfortable investing at a valuation of around ₹13,000 crore (about $1.4 billion).
Earlier this year, Navi was reported to be in talks to raise $250 million to $300 million (around ₹2,400 crore to ₹2,800 crore) from Prosus and Accel Growth Fund at a valuation of $1.8 billion to $2 billion (around ₹17,000 crore to ₹19,000 crore). The company did not respond to media queries on the latest developments.
This will be Navi’s second attempt to go public. In March 2022, the company filed draft papers for a ₹3,350-crore IPO and received SEBI’s approval in September that year. However, it decided not to move ahead with the listing because of weak market conditions and falling technology stock valuations. The company is now aiming to go public by March 2027.
Founded in 2018, Navi provides financial services such as personal loans, home loans, loans against property, insurance, mutual funds and UPI payments. Its businesses include Navi Finserv, Navi General Insurance and Navi AMC.
In April 2025, Sachin Bansal had said the company was likely to go public in FY26. He stepped down as Navi’s CEO in February last year as part of a leadership reshuffle.
For FY26, Navi’s NBFC reported a consolidated net profit of ₹93.3 crore, down 46% from ₹172.2 crore in the previous financial year. At the same time, its operating revenue grew 17% to ₹2,691.5 crore from ₹2,294.2 crore.
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