Navi receives SEBI approval for Rs 3,350 Cr worth IPO
Image Credit: economic times
Sachin Bansal’s financial services startup Navi Technologies has received a nod from SEBI for Rs 3,350 crore worth of IPO. The Bengaluru-based company had filed Draft Red Herring Prospectus (DRHP) in March this year with SEBI to raise up to Rs 3,350 crore via a fresh issue of equity and appointed Axis Capital, BofA Securities, Credit Suisse, Edelweiss and ICICI Securities as the book-running managers.