Northern Arc Capital IPO Dates, Price, GMP – The Northern Arc Capital initial public offering (IPO) will open on September 16, 2024, and end on September 19, 2024. The IPO of Northern Arc Capital is a book-built issue. Through an initial public offering (IPO) that includes a fresh issuance of ₹500 crores and the sale of up to 10,532,320 equity shares at a face value of ₹10 apiece, the business hopes to raise about ₹777 crores.
The pricing range for Northern Arc Capital’s IPO is ₹249 to ₹263. HNI is 15%, QIB is 50%, and the retail quota is 35%. On September 24, 2024, Northern Arc Capital IPO will list on the BSE and NSE. September 20, 2024 is the date of Northern Arc Capital’s allotted IPO.
Northern Arc Capital IPO Details
| IPO Open Date | September 16, 2024 |
| IPO Close Date | 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 | 29,543,727 shares
(aggregating up to ₹777.00 Cr) |
| Fresh Issue | 19,011,407 shares
(aggregating up to ₹500.00 Cr) |
| Offer for Sale | 10,532,320 shares of ₹10 (aggregating up to ₹277.00 Cr) |
| Employee Discount | Rs 24 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Northern Arc Capital Financials
The financial year ending on March 31, 2024, saw a 45% increase in revenue and a 31% increase in profit after tax (PAT) for Northern Arc Capital Limited.
| FY 2024 | |
| Assets | 11,707.66 |
| Revenue | 1,906.03 |
| Profit After Tax | 317.69 |
| Net Worth | 2,314.35 |
| Debt/Equity | 3.9 |
| RoNW | 13.32% |
| P/BV | 1.49 |
About the company – Northern Arc Capital
In March 1989, Northern Arc Capital Limited was established. The company is a platform for various financial services that was founded mainly to cater to the varied credit needs of underprivileged households and companies in India. The company’s goal over the past 15 years has been to develop a unique and extensive credit offering for Indian retail consumers in a variety of industries. By March 31, 2024, the business will have helped over 101.82 million people in India by facilitating finance worth ₹ 1.73 trillion since it entered the financial inclusion market in 2009. The three primary channels are: Fund management, placement, and lending The company’s in-house technology platform is utilized to deliver lean and efficient digital financing solutions, giving credit access to India’s underprivileged people in priority sectors.
