Northern Arc Capital IPO Overview: Northern Arc Capital Limited is a financial institution based in Chennai, Tamil Nadu, India. The company offers microfinance finance loans for households and businesses. It has planned to raise ₹777 crore through the public issue. which is going to be open on September 16, 2024 and close on September 19, 2024. The share allotment date is September 10, 2024 and the listing date is September 24, 2024.
Northern Arc Capital Limited IPO is a fresh-issue and book-built issue initial public offering (IPO), with a total issue size of ₹777 crore for 2.95 crore shares. Whereas the fresh issue is ₹500 crore for 1.9 crore shares, and ₹277 crore for 1.05 crore shares. The price band of the Northern Arc Capital IPO is set at ₹249 to ₹263 per share and it will be listed on BSE & NSE.
Table of Contents
Northern Arc Capital IPO Details
You will find all the information regarding the company and its IPO on this page. This page will be updated regularly with the latest updates regarding the Northern Arc Capital IPO.
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹249 to ₹263 per share |
| Lot Size | 57 Shares |
| Total Issue Size | ₹777 crore for 29,543,727 shares |
| Fresh Issue | ₹500 crore for 19,011,407 shares |
| Offer for Sale | ₹277 crore for 10,532,320 shares |
| Employee Discount | Rs 24 per share |
| Issue Type | Book-Built Issue IPO |
| Overall Subscription | 7.19x times |
| Listing At | BSE, NSE |
Northern Arc Capital IPO Important Dates
The opening date of the Northern Arc Capital IPO is Monday, September 16, 2024 and the closing date is Thursday, September 19, 2024 The basic allotment date of the IPO is Friday, September 20, 2024 and the listing date is Tuesday, September 24, 2024.
All the important dates regarding the Northern Arc Capital Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| IPO Open Date | Monday, September 16, 2024 |
| IPO Close Date | Thursday, September 19, 2024 |
| Basis of Allotment | Friday, September 20, 2024 |
| Initiation of Refunds | Monday, September 23, 2024 |
| Credit of Shares to Demat | Monday, September 23, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
Northern Arc Capital IPO GMP Today
The last updated Grey Market Premium (GMP) for the Northern Arc Capital Limited IPO is up to ₹82.
The following table displays the trend of the Northern Arc Capital Limited IPO’s GMP over the past few days.
| GMP Date | IPO Price | GMP Price |
| September 18, 2024 | ₹121 to ₹128 | ₹82 |
| September 17, 2024 | ₹121 to ₹128 | ₹112 |
Northern Arc Capital Lot Size
Northern Arc Capital IPO offers a minimum of 57 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 13 lots, while high-net-worth individuals (HNIs) can apply for a minimum of 14 lots and a maximum of 66 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 57 | ₹14,991 |
| Retail (Max) | 13 | 741 | ₹194,883 |
| S-HNI (Min) | 14 | 798 | ₹209,874 |
| S-HNI (Max) | 66 | 3,762 | ₹989,406 |
| B-HNI (Min) | 67 | 3,819 | ₹1,004,397 |
Northern Arc Capital IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
About Northern Arc Capital Limited
Northern Arc Capital Limited is a financial institution based in Chennai, Tamil Nadu, India. The company offers microfinance finance loans for households and businesses. The company was founded in 2009. Now it’s partnered with many financial institutions to distribute loans and credit lines for retailers.
Northern Arc Capital Limited Financial & KPI Reports
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | Change (%) |
|---|---|---|---|
| Assets | ₹ 11,707.66 Crore | ₹ 9,371.57 Crore | 24.91% |
| Revenue | ₹ 1,906.03 Crore | ₹ 1,311.20 Crore | 45.40% |
| Profit After Tax (PAT) | ₹ 317.69 Crore | ₹ 242.21 Crore | 31.19% |
| Total Borrowing | ₹ 9,047.76 Crore | ₹ 7,034.57 Crore | 28.63% |
| Profit Margin (PAT/Revenue) | 16.67% | 18.47% | -9.75% |
| Return on Assets (RoA) | 2.71% | 2.58% | 5.04% |
| Return on Revenue (RoR) | 16.67% | 18.47% | -9.75% |
| Asset Turnover Ratio (Revenue/Assets) | 0.16x | 0.14x | 14.29% |
| Debt-to-Assets Ratio | 77.29% | 75.05% | 2.99% |
| Revenue per Employee (if data available) | TBD | TBD | TBD |
| Operating Efficiency Ratio (Expenses/Revenue) | TBD | TBD | TBD |
FAQs
1. How to apply for the Northern Arc Capital Limited IPO?
Ans: You can easily apply for a Northern Arc Capital Limited IPO with your Demat account & Internet banking.
2. What is the GMP price of the Northern Arc Capital Limited IPO?
Ans: The latest GMP price of the Northern Arc Capital IPO is ₹82.
3. What are the opening and closing dates of the Northern Arc Capital IPO?
Ans: The Northern Arc Capital IPO will open on September 16, 2024 & close on September 19, 2024.
Conclusion
This page covers all the relevant information related to the Northern Arc Capital IPO. To get more information and regular updates on the Northern Arc Capital Limited IPO, keep in touch with The Invest Advisory. Check out Upcoming IPO Lists as well as the IPO Grey Market Premium.