Northern Arc Capital IPO GMP Today, Northern Arc Capital IPO Grey Market Premium Updates | Northern Arc Capital IPO, Latest target, Opening gain
Northern Arc Capital IPO began on 16 September 2024. It will close on 19 September 2024. The Total IPO Size is ₹777.00 Crore Approx. The company set its IPO price is ₹249 to ₹263 per share Per Share. There are three basic categories in Northern Arc Capital IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
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 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 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 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 Details:
| Issuer | Northern Arc Capital IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 16 September, 2024 | |
| Issue Closes: 19 September, 2024 | ||
| Price Brand | ₹249 to ₹263 per share | |
| Issue Size | ₹777.00 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 57 Shares | |
| Retail (Max) | ₹1,94,883 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 29,543,727 shares | |
Northern Arc Capital IPO GMP Rates day by day
Northern Arc Capital IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 57 | ₹14,991 |
| Retail (Max) | 13 | 741 | ₹1,94,883 |
| S-HNI (Min) | 14 | 798 | ₹2,09,874 |
| S-HNI (Max) | 66 | 3,762 | ₹9,89,406 |
| B-HNI (Min) | 67 | 3,819 | ₹1,004,397 |
Northern Arc Capital IPO Date, Allotment & Listing:
| Northern Arc Capital IPO Opening Date: | September 16, 2024 |
| Northern Arc Capital IPO Closing Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Initiation of Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| Listing Date: | September 24, 2024 |
Northern Arc Capital Limited Financial Information (Restated)
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 | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Northern Arc Capital IPO is Rs 4242.86 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 3.9 |
| RoNW | 13.32% |
| P/BV | 1.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 22.32 | 19.69 |
| P/E (x) | 11.78 | 13.36 |
Objects of the Issue (Northern Arc Capital IPO Objectives)
Northern Arc Capital IPO ALLOTMENT STATUS
How to Apply for Northern Arc Capital IPO?
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How to Apply Northern Arc Capital IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Northern Arc Capital”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Northern Arc Capital IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Northern Arc Capital”. 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 a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date. 
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IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Northern Arc Capital IPO?
Northern Arc Capital IPO is a main-board initial public offering of 29,543,727 Equity shares of the face value of ₹10 aggregating up to ₹777.00 Crores. The issue price of the IPO is ₹249 to ₹263 Per Equity Share. The minimum order quantity is 57 Shares per application and the offer type is Book Built Issue. The IPO opens on September 16, 2024 and closes on September 19, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Northern Arc Capital IPO opens on September 16, 2024 and closes on September 19, 2024.
How to apply for Northern Arc Capital IPO?
You can apply in Northern Arc Capital IPO online using either UPI or ASBA as payment method .ICICI Securities Limited, Axis Bank Limited and Citigroup Global Markets India Private Limited are the book running lead managers of the Northern Arc Capital IPO, while Kfin Technologies Limited is the registrar for the issue.
When Northern Arc Capital IPO allotment?
The finalization of Basis of Allotment for Northern Arc Capital IPO will be done on September 20, 2024, and the allotted shares will be credited to your demat account by September 23, 2024.
Check the Northern Arc Capital IPO allotment status.
When is Northern Arc Capital IPO listing date?
The Northern Arc Capital IPO listing date is not yet announced. The tentative date of Northern Arc Capital IPO listing is September 24, 2024.
What is the lot size of Northern Arc Capital IPO?
Northern Arc Capital lot size is 57 Shares and the minimum order quantity is 1 Share.