Fintech startup Navi Ltd, cofounded by Flipkart cofounder Sachin Bansal, is gearing up to file draft papers for an initial public offering (IPO) in the March quarter of FY27, aiming to raise around Rs 3,000 crore, according to people familiar with the matter.
The proposed issue is expected to comprise a mix of fresh equity and an offer for sale, although the exact structure is yet to be finalised. Bengaluru-headquartered Navi has appointed Kotak Investment Banking to manage the public issue, the people said.
