Northern Arc Capital IPO Date, Review, Price, Allotment Details

Northern Arc Capital IPO is opening for subscription on September 16, 2024, and closing on September 19, 2024. This Main-board IPO aims to raise ₹777 crore, consists of ₹500.00 Cr fresh issue and ₹277.00 Cr offer for saleof 10,532,320 equity shares, each with a face value of ₹10. The price band for the Northern Arc Capital IPO is fixed at ₹249 – ₹263 Per Share, with a market lot of 57 Shares.The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Northern Arc Capital IPO Allotment will done on September 20, 2024, and Northern Arc Capital IPO listing date is September 24, 2024.

 

Northern Arc Capital Company Profile

Northern Arc Capital is a diversified financial services platform focused on providing credit to underserved households and businesses across India. Established 15 years ago, the company has built a strong presence in sectors such as MSME financing, microfinance, consumer finance, vehicle finance, affordable housing, and agricultural finance. It has facilitated financing over ₹1.73 trillion, impacting more than 101.82 million lives across India as of March 31, 2024. Northern Arc Capital operates one of the largest NBFC portfolios in the country, with a diversified business model spread across geographies and borrower categories.

 

Northern Arc Capital IPO GMP

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Northern Arc Capital IPO Objectives

The funds raised through the IPO will be utilized for:

1. To meet future capital requirements for onward lending.
2. General corporate purposes.

 

Northern Arc Capital IPO Key Details

• Northern Arc Capital IPO Open Date: September 16, 2024
• Northern Arc Capital IPO Close Date: September 19, 2024
• Northern Arc Capital IPO Size: Approximately ₹777 crores, 10,532,320 Equity Shares
• Face Value: ₹10 Per Equity Share
• Northern Arc Capital IPO Price Band: ₹249 – ₹263 Per Equity Share
• Northern Arc Capital IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Northern Arc Capital IPO Timeline

• Northern Arc Capital IPO Open Date: September 16, 2024
• Northern Arc Capital IPO Close Date: September 19, 2024
• Basis of Allotment: September 20, 2024
• Refunds: September 23, 2024
• Credit to Demat Account: September 23, 2024
• Northern Arc Capital IPO Listing Date: September 24, 2024

 

How to Apply for Northern Arc Capital IPO

Investors can apply for the Northern Arc Capital IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Northern Arc Capital Financial Performance (in Crores)

• Year 2022: Revenue ₹916.55, Expense ₹668.16, PAT ₹181.94, Assets ₹7,974.12
• Year 2023: Revenue ₹1,311.20, Expense ₹988.10, PAT ₹242.21, Assets ₹9,371.57
• Year 2024: Revenue ₹1,906.03, Expense ₹1,484.83, PAT ₹317.69, Assets ₹11,707.66

 

Northern Arc Capital Valuation FY2023

• Debt to Equity Ratio: 3.03
• Earnings Per Share (EPS): ₹34.61
• Return on Net Worth (RoNW): 13.32%
• Net Asset Value (NAV): ₹177.06

 

Northern Arc Capital Peer Group

• Five-Star Business Finance
• SBFC Finance
• CreditAccess Grameen
• Fusion Micro Finance
• Bajaj Finance
• Cholamandalam Investment
• Poonawalla Fincorp
• MAS Financial Services

 

Northern Arc Capital Company Promoters

 

 

Northern Arc Capital IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: nacl.ipo@kfintech.com

Northern Arc Capital IPO Allotment Status Check

• Check the Northern Arc Capital IPO allotment status on the Kfin Technologieswebsite.

 

Northern Arc Capital IPO Allotment Link

• Check the Northern Arc Capital IPO allotment on the Check ipo Allotment website.

 

Northern Arc Capital IPO Lead Managers (Merchant Bankers)

• ICICI Securities Limited
• Axis Bank Limited
• Citigroup Global Markets India Private Limited

Northern Arc Capital Company Address

No. 1, Kanagam Village 10th Floor,
IITM Research Park Taramani
Chennai,Tamil Nadu -600 113, India
Website: http://www.northernarc.com/
Phone: +91 44 6668 7000
Email: investors@northernarc.com

Northern Arc Capital IPO FAQs

What is Northern Arc Capital IPO?

Northern Arc Capital IPO is a Main-board IPO. They are going to raise ₹777 crores via IPO. The issue is priced at ₹249 – ₹263 Per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Northern Arc Capital IPO open?

The IPO is to open on September 16, 2024, for NII, and Retail Investors.

 

What is Northern Arc Capital IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Northern Arc Capital IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Northern Arc Capital IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Northern Arc Capital IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Northern Arc Capital IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Northern Arc Capital IPO Size?

Northern Arc Capital IPO size is ₹777 crores.

 

What is Northern Arc Capital IPO Price Band?

Northern Arc Capital IPO Price Band is ₹249 – ₹263 Per equity share.

 

What is Northern Arc Capital IPO Minimum and Maximum Lot Size?

The IPO bid is 57 Shares with ₹14,470.

 

What is Northern Arc Capital IPO Allotment Date?

Northern Arc Capital IPO allotment date is September 20, 2024.

 

What is Northern Arc Capital IPO Listing Date?

Northern Arc Capital IPO listing date is September 24, 2024. The IPO to list on NSE & BSE.