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Northern Arc Capital Limited IPO (Northern Arc Capital IPO) Details
Northern Arc Capital Limited
Northern Arc Capital IPO's overview
Northern Arc Capital IPO is a book built issue of ₹777.00 Cr (7,77,00,00,201). The issue is a combination of fresh issue of 1.90 Cr (1,90,11,407) shares aggregating to ₹500.00 Cr (5,00,00,00,041) and offer for sale of 1.05 Cr (1,05,32,320) shares aggregating to ₹277.00 Cr (2,77,00,00,160).
Northern Arc Capital IPO bidding started from Sep 16, 2024 and ended on Sep 19, 2024. The allotment for Northern Arc Capital IPO was finalized on Sep 20, 2024. The shares got listed on NSE, BSE on Sep 24, 2024.
Northern Arc Capital IPO price band is set at ₹249 to ₹263 per share. The minimum lot size for an application is 57 Shares. The minimum amount of investment required by retail investors is ₹14,193.
Refer to Northern Arc Capital IPO RHP for detailed information.
IPO date
Sep 16,2024 - Sep 19,2024
Listing Date
Sep 24,2024
Face value
₹10
Price Band
₹249 to ₹263 per share
Lot
₹57 Shares
Total Issue Size
2.95 Cr (2,95,43,727)
aggregating up to ₹777.00 Cr (7,77,00,00,201)
Fresh Issue
1.90 Cr (1,90,11,407)
aggregating up to ₹500.00 Cr (5,00,00,00,041)
Offer for sale
1.05 Cr (1,05,32,320)
aggregating up to ₹277.00 Cr (2,77,00,00,160)
Issue Type
Book Building
IPO Type
Main BoardListing At
NSEBSE
Mon, Sep 16, 2024
IPO Open
Thu, Sep 19, 2024
IPO Close
Fri, Sep 20, 2024
Basis of Allotment
Mon, Sep 23, 2024
Initiation of Refunds
Mon, Sep 23, 2024
Credit of Shares to Demat
Tue, Sep 24, 2024
Listing
Northern Arc Capital IPO Day-wise IPO GMP Trend
Northern Arc Capital IPO last GMP is ₹132, last updated Sep 23,2024. With the price band of 263.00, Northern Arc Capital IPO's estimated listing price is ₹395 (cap price + today's GMP).The expected percentage gain/loss per share is 50.19%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 23-Sep-24 | 263.00 | 132 | 395(50.19%) | 23-Sep-2024 15:26 |
| 22-Sep-24 | 263.00 | 144 | 407(54.75%) | 22-Sep-2024 23:26 |
| 21-Sep-24 | 263.00 | 144 | 407(54.75%) | 21-Sep-2024 23:25 |
| 20-Sep-24 | 263.00 | 128 | 391(48.67%) | 20-Sep-2024 23:27 |
| 19-Sep-24 | 263.00 | 128 | 391(48.67%) | 19-Sep-2024 23:24 |
| 18-Sep-24 | 263.00 | 160 | 423(60.84%) | 18-Sep-2024 23:28 |
| 17-Sep-24 | 263.00 | 202 | 465(76.81%) | 17-Sep-2024 23:24 |
| 16-Sep-24 | 263.00 | 178 | 441(67.68%) | 16-Sep-2024 23:31 |
| 15-Sep-24 | 263.00 | 158 | 421(60.08%) | 15-Sep-2024 23:31 |
| 14-Sep-24 | 263.00 | 121 | 384(46.01%) | 14-Sep-2024 23:23 |
| 13-Sep-24 | 263.00 | 0 | 263(0.00%) | 13-Sep-2024 23:30 |
| 12-Sep-24 | 263.00 | 0 | 263(0.00%) | 12-Sep-2024 23:24 |
| 11-Sep-24 | 263.00 | 0 | 263(0.00%) | 11-Sep-2024 23:30 |
| 10-Sep-24 | 0 | (0.00%) | 10-Sep-2024 20:32 |
Northern Arc Capital IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 57 | ₹14,991 |
Retail(Max) | 13 | 741 | ₹1.95 Lakh (1,94,883) |
SHNI(Min) | 14 | 798 | ₹2.10 Lakh (2,09,874) |
SHNI(Max) | 66 | 3,762 | ₹9.89 Lakh (9,89,406) |
BHNI(Min) | 67 | 3,819 | ₹10.04 Lakh (10,04,397) |
About Northern Arc Capital Limited
Northern Arc Capital Limited was founded in 2009 and offers retail loans to underserved households and businesses in India.
Northern Arc Capital's business model is diversified across different offerings, sectors, products, geographies, and borrower categories. As of March 31, 2024, the company has facilitated over Rs. 1.73 trillion worth of financing, reaching out to over 101.82 million people across India.
The company has expertise in lending across various focus sectors in India, especially in micro, small, and medium enterprise (MSME) finance, microfinance (MFI), consumer finance, vehicle finance, affordable housing finance, and agriculture finance. The company has been active in MSME finance for over 14 years, MFI finance for 15 years and consumer finance for nine years.
The company serves the retail lending market through a multi-channel approach that includes:
- Lending: Extending financing from the company's balance sheet (Lending) to originator partners in the form of loans or investments in their debt to enable on-lending to retail customers (Intermediate Retail Lending) and directly to underserved households and businesses (Direct-to-Customer Lending) either in collaboration with retail lending partners or through the branch network to offer rural finance and MSME loans, with AUM of Rs. 117,100.19 million across 671 districts, 28 states and seven union territories in India, as of March 31, 2024;
- Placements: Enabling loans to originator partners through various financing products (placements) with a total AUM of Rs. 1,019,038.92 million as of March 31, 2024; and
- Fund Management: Managing debenture funds and providing portfolio management services (fund management) with a total volume of Rs. 120,785.58 million spread across 10 alternative investment funds (AIFs) and three portfolio management service funds (PMS) as of March 31, 2024.
The company also has an end-to-end integrated technology product suite customized to multiple sectors. This includes an in-house technology stack consisting (i) Nimbus, a curated debt platform that enables end-to-end processing of debt transactions; (ii) nPOS, a co-lending and co-origination technology solution based on application programming interfaces (API); (iii) Nu Score, a customized machine learning based analytical module designed to assist originator partners in the loan underwriting process; and (iv) AltiFi, an alternative retail debt investment platform.
As of March 31, 2024, the company had 2,695 permanent employees.
Northern Arc Capital IPO's documents
Northern Arc Capital Limited 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: [email protected]
Website: http://www.northernarc.com/