Northern Arc Capital IPO Details
The Northern Arc Capital IPO is a book build issue with a total issue size of ₹777 cr, comprising of fresh issue of 19011407 equity shares., and a offer for sale of 10532320 equity shares. Northern Arc Capital IPO opened for subscription on Sep 16, 2024 and closed on Sep 19, 2024. Northern Arc Capital IPO is set price band at ₹249 to ₹263 per share, with a lot size of 57 shares. Minimum investment for Retail investors was ₹14,991.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 20, 2024, and listed on both the NSE and BSE on Sep 24, 2024.
Kfin Technologies Limited has been appointed as the registrar. ICICI Securities Limited, Citigroup Global Markets India Private Limited and Axis Capital Limited are the Book Running Lead Manager for the issue.
Before investing in the Northern Arc Capital IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 249 – 263
- Lot Size
- 57
- Issue Size
- ₹777 Cr
- Minimum Investment
- ₹14991 (57 Shares)
- Listing Date
- 24 September 2024
Current GMP
₹131 (+49.81%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Northern Arc Capital Limited
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.
Northern Arc Capital IPO 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%
Northern Arc Capital IPO Objective
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
Book Running Lead Managers
- ICICI Securities Limited
- Citigroup Global Markets India Private Limited
- Axis Capital Limited
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 with a total issue size of ₹777 crore. The Northern Arc Capital IPO price band is ₹249 to 263 per share. The Northern Arc Capital IPO subscription opens on Mon, Sep 16, 2024, and closes on Thu, Sep 19, 2024. The Northern Arc Capital IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Northern Arc Capital IPO.
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 per share.
Northern Arc Capital IPO lot size is 57 shares, Retail investors need a minimum investment of ₹14991 based on the upper price band
The minimum investment for Northern Arc Capital IPO is ₹14991, based on one lot of 57 shares at the upper price band of ₹263 per share.
Investors can apply for the Northern Arc Capital IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Sep 19, 2024. The application amount remains blocked until the Northern Arc Capital IPO allotment is finalized.
Northern Arc Capital IPO issue size is ₹777 crores.
Northern Arc Capital IPO allotment date is Wed, Jul 1, 2026.
The registrar for Northern Arc Capital IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Northern Arc Capital IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.