Sachin Bansal’s Navi Finserv’s Rs 300-cr debt bond subscribed 1.4 times

Venture capitalist Sachin Bansal-led Navi Finserv non-convertible debentures base issue of Rs 300 crore has been subscribed 1.4 times to date, according to a regulatory filing.

The fintech firm’s secured, rated, listed and redeemable non-convertible debentures (NCDs) have a total value of Rs 600 crore after including the greenshoe option of Rs 300 crore.

According to the data available on NSE and BSE, qualified institutional buyers have opted for 5.08 times their quota, corporate bidders subscribed for 0.52 times, high networth individuals 0.22 times and retail investors 0.71 times.