Navi Technologies Ltd IPO

Navi Technologies is a tech-driven financial products and services company. The company has expanded offerings under the "Navi" brand to include personal loans, home loans, general insurance and mutual funds. It also offers microfinance loans through a wholly-owned subsidiary, under the "Chaitanya" brand. Under this brand, it extends credit to low-income women in rural and semi-rural areas across India. 
In the MF space it has launched the exchange traded funds (ETFs) with lowest fee structure. Navi MF had acquired assets of Essel MF in 2021 and per December quarter data, NaviMF assets are worth Rs.930 crores.
In personal loans, it instantly offers loans of up Rs.20 lakh through a completely paperless process.
In the general insurance business, it has acquired DHFL General Insurance Limited in February 2020, and now offers insurance products under the “Navi” brand and focuses on providing simple to understand and comprehensive retail health insurance offerings to the digitally connected Indian population through its direct to customer approach. It also launched home insurance products with the aim of providing a new perspective on the manner that insurance is purchased in India.
Under the home loan business, it extends loans for ready to move-in, under-construction and self-constructed properties, and (b) loans against property for constructed properties.
The largest vertical for Navi is microfinance loans where the company had assets under management (AUM) worth Rs 1,808 crore in Q3 of FY22. Gross non-performing assets (NPAs) for the vertical stood that 3.83 percent in the same quarter. For personal loans, Gross NPAs stood at 1.12 percent