India, July 6 -- Fintech major Navi is looking to file the DRHP for its initial public offering (IPO) by the March quarter of the ongoing financial year.

An ET report, citing sources, said the IPO is likely to comprise both a fresh issue and an offer-for-sale component. However, the split between the two is yet to be decided.

Prior to the IPO, Navi is said to be in talks to raise a fresh equity round. Prosus is likely to lead the round, which would mark the maiden external fund infusion in the lending platform.

The report said that there has been some pushback from Prosus, with the investor willing to invest at a valuation of Rs.13,000 Cr (around $1.4 Bn).

It was reported earlier this year that Navi was looking to raise around $250 Mn...