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IPO Status: Open [16th Sep 2024 to 19th Sep 2024]
Northern Arc Capital IPO, a Mainline IPO of ₹777.00 Cr opens for subscription from 16-09-2024 to 19-09-2024. The IPO consists of ₹500.00 Cr fresh issue and ₹277.00 Cr offer for sale.
The face value is Rs 10 and the price band is fixed at 249.00-263.00 per share. You can apply to the Northern Arc Capital Mainline IPO for a minimum lot of 57 shares amounting of Rs 14991.
The tentative listing date on the exchange (BSE, NSE) is 24-09-2024.Stay tuned with us to get more details about Northern Arc Capital Mainline IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| IPO Issue Opening Date: | 16th Sep 2024 |
| IPO Issue Closing Date: | 19th Sep 2024 |
| IPO Issue Price: | ₹249.00-263.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Net Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹777.00 Cr |
| Offer for Sale: | ₹277.00 Cr |
| Fresh Issue: | ₹500.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:24.00 |
| Promoter Holding Pre IPO: | |
| Promoter Holding Post IPO: |
Get important updates regarding Northern Arc Capital IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Sep 2024 |
| Refunds Initiation* | 23rd Sep 2024 |
| Credit of Shares to Demat* | 23rd Sep 2024 |
| IPO Listing Date* | 24th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹249.00-263.00 |
| Market Lot: | 57 Shares |
| 1 Lot Amount: | ₹14991 |
| Min Small HNI Lots(2-10 Lakh): | 798 shares (14 lots) - ₹209874 |
| Min Big HNI Lots(10+ Lakh): | 3819 shares (67 lots) - ₹1004397 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 263.00 | 150 | 6500/91000 | ₹413 (57.03%) | 19-Sep-2024 12:56 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Northern Arc Capital Limited was founded in March 1989. The company is a diversified financial services platform established primarily to meet the diverse credit needs of India's underserved households and businesses. Over the last 15 years, the company's objective has been to create a differentiated and comprehensive credit offering to retail customers across various sectors in India. Since 2009 the company entered the financial inclusion space, it has facilitated over ₹ 1.73 trillion worth of financing, which will benefit over 101.82 million people in India by March 31, 2024.
The three main channels:
Delivered through the company's proprietary technology platform, enables lean and efficient digital financing solutions and provide access to credit to India's underserved population in their priority sectors.
The company has expertise in lending across its focus sectors in India, namely Micro, Small and Medium Enterprises (“MSME") financing, Microfinance (“MFI”) financing, consumer financing, vehicle financing, affordable housing financing and agriculture financing. The company has been active in the MSME sector for over 14 years, the MFI sector for 15 years and the consumer credit sector for nine years.
| Incorporation | Sector | IPO Issue Size | Website |
| 1989 | Non Banking Financial Company (NBFC) | ₹777.00 Cr | http://www.northernarc.com/ |
The company proposes to utilize the Net Proceeds to meet future capital requirements toward onward lending.
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from BSE, NSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 5,801,354 (28.57%) | 4,351,016 (21.43%) | 10,152,384 (50%) | 20,304,754 | |
| 1 | 16th Sep 2024 19:04 | 0.02x | 4.66x | 4.09x | 3.08x |
| 2 | 17th Sep 2024 19:04 | 0.20x | 22.55x | 11.32x | 10.61x |
| 3 | 18th Sep 2024 19:04 | 0.32x | 52.83x | 19.93x | 21.51x |
| 4 | 19th Sep 2024 12:13 | 6.40x | 88.38x | 25.01x | 33.42x |
Northern Arc Capital Limited's revenue increased by 45% and profit after tax (PAT) rose by 31% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 11,707.66 | 9,371.57 | 7,974.12 | |||||||||||||||||||||||||||
| Revenue | 1,906.03 | 1,311.2 | 916.55 | |||||||||||||||||||||||||||
| Profit After Tax | 317.69 | 242.21 | 181.94 | |||||||||||||||||||||||||||
| Net Worth | 2,314.35 | 1,955.39 | 1,739.04 | |||||||||||||||||||||||||||
| Reserves and Surplus | 2,123.37 | 1,784.22 | 1,555.3 | |||||||||||||||||||||||||||
| Total Borrowing | 9,047.76 | 7,034.57 | 5,982.96 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Northern Arc Capital Limited | 34.61 | 23.4 | 177.06 | 13.32 | Consolidated | |
| Five-star Business Finance Ltd | 28.64 | 28.39 | 177.68 | 26.76 | 16.09 | Consolidated |
| SBFC Finance Limited | 2.35 | 2.3 | 25.87 | 36.64 | 8.53 | Consolidated |
| Creditaccess Grameen Ltd | 90.88 | 90.41 | 1809.93 | 13.12 | 5.01 | Consolidated |
| Fusion Micro Finance Ltd | 50.3 | 50.11 | 281.93 | 6.21 | 17.74 | Consolidated |
| Bajaj Finance Limited | 236.89 | 235.98 | 1239.03 | 30.93 | 18.84 | Consolidated |
| Cholamandalam Investment And Finance Company Ltd | 41.17 | 41.06 | 233.26 | 36.22 | 17.46 | Consolidated |
| Poonawalla Fincorp Limited | 21.89 | 21.63 | 105.44 | 17.81 | 20.6 | Consolidated |
| Mas Financial Services Ltd | 15.31 | 15.31 | 108.71 | 18.55 | 14.08 | Consolidated |
Last Updated on 19-Sep-2024 12:32:57
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Northern Arc Capital IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Northern Arc Capital IPO with Zerodha.
Alternate approch to apply in Northern Arc Capital IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Northern Arc Capital IPO Review and Important Updates
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To subscribe or apply in Northern Arc Capital IPO, you can use the following methods:
| Northern Arc Capital IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Northern Arc Capital IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Northern Arc Capital IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Northern Arc Capital IPO. Most of the Syndicate Banks provide access to apply in Northern Arc Capital IPO via ASBA process. You must have your net banking access, DP ID information to apply in Northern Arc Capital IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Northern Arc Capital IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Northern Arc Capital IPO Review and Important Updates
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Applying in Northern Arc Capital IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Northern Arc Capital IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Northern Arc Capital IPO, please refer article >> Link
Northern Arc Capital IPO Review and Important Updates
Steps to download the online application form for Northern Arc Capital IPO
Or
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Northern Arc Capital IPO is going to be list on 24-09-2024.
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Northern Arc Capital IPO Allotment Date is 20-09-2024.
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Northern Arc Capital IPO share allotment date?Northern Arc Capital IPO allotment date?
