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Navi To File For ₹3,000 Cr IPO By December: Report

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Navi To File For ₹3,000 Cr IPO By December: Report

Fintech unicorn Navi is reportedly planning to file its draft red herring prospectus (DRHP) for an initial public offering (IPO) as early as December this year, with the proposed issue estimated at about ₹3,000 Cr (about $314 Mn).

According to a Bloomberg report, citing sources, the IPO is expected to comprise a fresh issue of shares, with no offer-for-sale (OFS) component from existing shareholders. 

Navi has also reportedly appointed JM Financial, Kotak Mahindra Capital, Goldman Sachs and JPMorgan as advisers for the proposed offering. However, deliberations are still ongoing, and details including the issue size, valuation and timing could change, the report added.

Navi declined to confirm the IPO speculations as of now. “Unfortunately, we will not be able to comment on this matter. The recent reportage regarding Navi’s potential IPO, including the timelines, size, valuation and advisers, has been speculative,” the fintech unicorn said in a reply to Inc42. 

Speculations on Navi’s IPO have been going around for some time now. Most notably, Navi chairman Sachin Bansal, addressing a session during Startup Mahakumbh 2025, said that the company was considering launching its IPO in FY26. “We are at a stage where we can use more capital and the public market is the best source of capital, I believe, if you can handle what comes with it,” he said.

The plans didn’t materialise in the anticipated timeline. However, recent reports indicate that the fintech major has restarted the IPO prep. Earlier in July, it was reported that Navi was looking to file its IPO paper by Q4 FY27.


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