Northern Arc Capital IPO
Open MainLineCurrent GMP
₹131 (+49.81%)
Price Band
₹ 249 – 263
Lot Size
57
Issue Size
₹777 Cr
Minimum Investment
₹14991 (57 Shares)
Listing Date
24 September 2024
Subscription
110.89x
About the Company
Northern Arc Capital, founded in 1989, is a non-bank financial institution that specialises in meeting the credit needs of underserved families and enterprises by providing loan financing. They are one of the most well-known diversified NBFCs in India. Microfinance, MSME financing, auto finance, consumer finance, and affordable housing finance are some of the industries in which Northern Arc works.
Since its inception, the organisation has raised more than Rs.9,500 billion for its clients. There are three main services provided by the company:
- Financing: Financing to underserved people and enterprises, as well as lending to mid-sized firms.
- Syndication and structuring.
- Fund management is handled by Northern Arc Investment Managers Pvt Ltd, a subsidiary of Northern Arc.
They have had a total effect of 54.21 million people since its beginning.
Promoters
Northern Arc Capital Says:
OUR COMPANY DOES NOT HAVE AN IDENTIFIABLE PROMOTER
Promoters Holding
Holding Pre Issue
0.00%
Holding Post Issue
0.00%
Objects of the Issue
Northern Arc Capital IPO Objectives
- Utilize the Net Proceeds towards augmenting Company’s capital base to meet its future capital requirements.
- The Company expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.
- Enhancement of the Company’s brand name and creation of a public market for their Equity Shares in India.
- The main objects set out in the Memorandum of Association enable our Company to undertake its existing activities and the activities for which funds are being raised through the Fresh Issue.
Address / Contact Info
Northern Arc Capital Limited
No. 1, Kanagam Village 10th Floor,
10th Floor, IITM Research Park Taramani,
Chennai - 600 113
Phone: +91 44 6668 7000
Email: investors@northernarc.com
Website: http://www.northernarc.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 16 September 2024
IPO Close Date
Thursday, 19 September 2024
Basis of Allotment
Friday, 20 September 2024
Initiation of Refunds
Monday, 23 September 2024
Credit of Shares to Demat
Monday, 23 September 2024
Listing Date
Tuesday, 24 September 2024 — NSE & BSE
Important Dates
Open Date
16 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 11707.66 | 9371.57 | 7974.12 |
| Revenue | 1906.03 | 1311.2 | 916.55 |
| Profit After Tax | 317.69 | 242.21 | 181.94 |
| Net Worth | 2314.35 | 1955.39 | 1739.04 |
| Reserve & Surplus | 2123.37 | 1784.22 | 1555.3 |
| Total Borrowings | 9047.76 | 7034.57 | 5982.96 |
EPS Pre
22.32%
EPS Post
19.69%
P/E Pre
11.78
P/E (Post Issue)
13.36x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 0 |
| ROCE % | 0 |
| Debt / Equity | 3.9 |
| RoNW % | 13.32 |
| PbW | 1.49 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 8702031 | 30 | 0 |
| Qualified Institutions | 5801354 | 20 | 0 |
| Non-Institutional | 4351016 | 15 | 0 |
| BNII | 2900678 | 10 | 0 |
| SNII | 1450338 | 5 | 0 |
| Retail Investors | 10152384 | 35 | 0 |
| Total | 29006785 | 100 | 0 |
Subscription Status ( Thu, 19 Sep 24 01:24 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 5848056 | 1408133928 | 240.79x |
| Non-Institutional | 4511808 | 642418785 | 142.39x |
| BNII | 3007872 | 465493635 | 154.76x |
| SNII | 1503936 | 176925150 | 117.64x |
| Retail Investors | 10527552 | 326784705 | 31.04x |
| Employees | 590874 | 4320999 | 7.31x |
| Total | 21478290 | 2381658417 | 110.89x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 57 | 14,991.00 |
| Retail (Max) | 13 | 741 | 194,883.00 |
| S-HNI (Min) | 14 | 798,798 | 209,874.00 |
| S-HNI (Max) | 66 | 3,762 | 989,406.00 |
| B-HNI (Min) | 67 | 3,819 | 1,004,397.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- ICICI Securities Limited
- Citigroup Global Markets India Private Limited
- Axis Capital Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Northern Arc Capital IPO is a Book-building IPO worth ₹777 crores. The price band is ₹249 to 263 per share. The IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Northern Arc Capital IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024
Northern Arc Capital IPO Price Band is ₹249 to 263.
Northern Arc Capital IPO lot size is 57, and the minimum amount required for application is ₹14991.
The minimum investment for Northern Arc Capital IPO is approximately ₹14991 based on the upper price band.
To apply for the Northern Arc Capital IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Sep 19, 2024. After submission, funds are blocked until the basis of allotment of Northern Arc Capital IPO is finalised.
Northern Arc Capital IPO issue size is ₹777 crores.
Northern Arc Capital IPO allotment date is Sat, Jun 27, 2026.
The registrar for Northern Arc Capital IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Northern Arc Capital IPO through their official website or helpline.
The Northern Arc Capital IPO GMP (Grey Market Premium) is ₹131 as of Tue, Sep 24, 2024. Based on the upper price band of ₹263 per share, the estimated Northern Arc Capital IPO listing price is ₹394, indicating a potential listing gain of approximately 31% over the issue price.