India, Feb. 18 -- In what is its second attempt to go public, Sachin Bansal-led fintech unicorn Navi has initiated discussions with merchant bankers in a bid to launch its initial public offering (IPO).

Bansal told ET that the company has started initial discussions for the IPO but valuation and other details have not been finalised.

"We want to go public, and we're in talks with bankers to figure out the right moment. The business is in good shape, and although I can't give a specific timeline, we are actively considering it," the report quoted the executive chairman as saying.

He said that the launch of the IPO may happen in the second half of FY26.

It is pertinent to note that Navi first filed its draft red herring prospectus (DRHP...