Northern Arc Capital IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Mon, 16 Sep 2024
Close Date
Thu, 19 Sep 2024
Price Band
₹ 249 – 263
Lot Size
57
Issue Size
₹ 777.00 Cr
Minimum Investment
₹ 14,991 (57 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Northern Arc Capital IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹777.00 Crore, comprising a fresh issue of 1.90 Crore equity shares aggregating to ₹500.00 Crore and an offer for sale (OFS) of 1.05 Crore equity shares aggregating to ₹277.00 Crore by the existing shareholders.
The Northern Arc Capital IPO remained open for subscription from September 16, 2024, to September 19, 2024. The basis of allotment was finalized on September 20, 2024, and the company's shares were listed on the NSE and BSE on September 24, 2024.
The company had fixed the price band at ₹249 to ₹263 per share, with a lot size of 57 shares. Retail investors were required to make a minimum investment of ₹14,991 (based on the upper price band) to apply for one lot.
The IPO also included a reservation for eligible employees, who received a discount of ₹24 per share.
KFin Technologies Limited served as the registrar to the issue. ICICI Securities Limited, Citigroup Global Markets India Private Limited, and Axis Capital Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Northern Arc Capital Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Northern Arc Capital IPO Timeline (Tentative)
- IPO Open Date
- Mon, 16 Sep 24
- IPO Close Date
- Thu, 19 Sep 24
- Basis of Allotment
- Fri, 20 Sep 24
- Initiation of Refunds
- Mon, 23 Sep 24
- Credit of Shares to Demat
- Mon, 23 Sep 24
- Listing Date
- Tue, 24 Sep 24 — NSE & BSE
Open Date
16 September 2024
Close Date
19 September 2024
Basis Of Allotment
20 September 2024
Listing Date
24 September 2024
IPO Subscription
Check Live Subscription →The Northern Arc Capital IPO has received bids for 2,38,16,58,417 shares against 2,14,78,290 shares offered, resulting in an overall subscription of 110.89x. the NII category is subscribed 142.39x, Retail Investors 31.04x, Employees 7.31x, and QIBs 240.79x. Within the NII category, BNII is subscribed 154.76x, while SNII is subscribed 117.64x.
QIB
240.79x
NII
142.39x
BNII
154.76x
SNII
117.64x
RII
31.04x
EMP
7.31x
Total
110.89x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 1,01,52,384 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 58,01,354 shares (20%), while Non-Institutional Investors (NIIs) receive 43,51,016 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 8,702,031 | 30% |
| Qualified Institutions | 5,801,354 | 20% |
| Non-Institutional | 4,351,016 | 15% |
| BNII | 2,900,678 | 10% |
| SNII | 1,450,338 | 5% |
| Retail Investors | 10,152,384 | 35% |
| Total | 29,006,785 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Northern Arc Capital Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| Debt / Equity | 3.9 |
| RoNW % | 13.32 |
| PbW | 1.49 |
Peers Comparison
No Peer Comparision Available
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.
Northern Arc Capital Limited Address / Contact Details
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
Northern Arc Capital IPO Lot Size
The Northern Arc Capital IPO has a lot size of 57 shares. Retail investors require a minimum investment of ₹14,991 by applying for 1 lot (57 shares). The maximum application allowed for the retail category is 13 lots (741 shares), requiring an investment of ₹1,94,883.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- ICICI Securities Limited
- Citigroup Global Markets India Private Limited
- Axis Capital Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Northern Arc Capital 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.
When will the Northern Arc Capital IPO open for subscription?
The Northern Arc Capital IPO opens on Mon, Sep 16, 2024 and closes on Thu, Sep 19, 2024
What is Northern Arc Capital IPO Price Band?
Northern Arc Capital IPO Price Band is ₹249 to 263 per share.
What is Northern Arc Capital IPO Lot Size?
Northern Arc Capital IPO lot size is 57 shares, Retail investors need a minimum investment of ₹14991 based on the upper price band
What is the minimum investment for Northern Arc Capital IPO?
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.
How to apply for Northern Arc Capital IPO?
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.
What is Northern Arc Capital IPO Issue Size?
Northern Arc Capital IPO issue size is ₹777 crores.
What is the Northern Arc Capital IPO Allotment Date?
Northern Arc Capital IPO allotment date is Fri, Sep 20, 2024.
Who is the Northern Arc Capital IPO Registrar?
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.
What is the Northern Arc Capital IPO GMP?
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 49.81% over the issue price.
Who is the Northern Arc Capital IPO Lead Manager?
The book-running lead managers (BRLMs) for the Northern Arc Capital IPO are ICICI Securities Limited, Citigroup Global Markets India Private Limited, and Axis Capital Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Northern Arc Capital IPO Red Herring Prospectus (RHP).