The allotment criteria for Northern Arc Capital’s initial public offering (IPO) is expected to be finalized today. Northern Arc Capital’s public offering period ended yesterday and received a favorable response from investors. They bid a whopping 2,382,243,807 shares against the 2,147,8290 shares offered, resulting in an oversubscription of 110.91 times by the last day of subscription.
Qualified Institutional Buyers (QIBs) made the highest bids for Northern Arc Capital’s IPO, which was oversubscribed 240.79 times the subscription quota. This was followed by non-institutional investors with 142.41 times the bids and retail individual investors (RIIs) with 31.08 times the bids, according to NSE data.
Northern Arc Capital IPO Details:
| IPO Date | BSE, NSE |
| Face Value | ₹10 per share |
| Price Band | ₹249 to ₹263 per share |
| Lot Size | 57 Share |
| Total Issue Size | 29,543,727 shares(aggregating up to 777.00Cr) |
| Fresh Issue | 19,011,407 shares( aggregating up to ₹500.00Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE,NSE |
| Share holding pre issue | 142,314,010 |
| Share holding post issue | Share holding pre-issue |
Northern Arc Capital IPO Timeline (Tentative Schedule)
Northern Arc Capital’s IPO will open on September 16, 2024, and close on September 19, 2024.
| IPO Open Date | Friday, 16 September 2024 |
| Monday, 23 September 2024 | Thursday,19 September 2024 |
| Basis of Allotment | Friday, 20 September 2024 |
| Initiation of Refunds | Monday,23 September 2024 |
| Credit of Shares to Demat | Tuesday, 24 September 2024 |
| Listing Date | 5 PM on,19 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on ,19 September 2024 |
Northern Arc Capital IPO Reservation
Northern Arc Capital’s IPO will offer 2,900,6785 shares – 5,801,354 (20%) to QIBs, 43,51,016 (15%) to NIIs, 1,015,2384 (35%) to RIIs and 87,02,031 (30%) to anchor investors.
| Investor Category | Shares Offered |
| QIB Shares Offered | 58,01,354 -(20%) |
| Retail Shares Offered | 1,01,52,384 (35%) |
| NII (HNI) Share Offered | 43,51,016 (15%) |
Northern Arc Capital IPO Lot Size-
Investors can bid for a minimum of 57 shares and multiples thereof. The following table shows the minimum and maximum investment in shares and amounts by retail investors and HNIs.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 57 | ₹14,991 |
| Retail (Max) | 13 | 741 | ₹1,94,883 |
| 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 Promoter Holding-
The company’s promoters,
| Share Holding Pre Issue | – |
| Share Holding Post Issue | – |
Northern Arc Capital IPO Anchor Investors Details
Northern Arc Capital IPO will raise Rs 228.86 crore from anchor investors. The anchor bid date for Northern Arc Capital IPO is September 13, 2024. Northern Arc Capital IPO Anchor Investor List –
| Bid Date | 13 September , 2024 |
| Shares Offered | 8,702,031 |
| Anchor Portion Size (In Cr.) | 228.86 |
| Anchor lock-in period end date for 50% shares (30 Days) | 20,October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 19, December, 2024 |
About Northern Arc Capital IPO
Northern Arc Capital Limited was incorporated in March 1989. The company is a diversified financial services platform established to cater to the diverse credit needs of primarily underserved households and businesses in India. Over the past 15 years, the company’s goal has been to build a differentiated and comprehensive retail credit offering across various sectors inIndia. The company has been inthe financial inclusion space since 2009 and has facilitated financing of over INR 1.73 trillion, benefiting over 101.82 million people in India as of March 31, 2024. Three key channels: Lending, Placement and Funds Management Delivered through the company’s proprietary technology platform, the solution enables lean and efficient digital financial solutions, providing access to credit to the underserved in priority sectors of India. The company has lending expertise across focus sectors in India such as Micro, Small and Medium Enterprises (“MSME”) finance, Microfinance (“MFI”), Consumer Finance, Auto Finance, Affordable Housing Finance, Agriculture Finance etc. The company has been active in the MSME sector for over 14 years, the MFI sector for 15 years and the consumer finance sector for 9 years.
About Northern Arc Capital Financials
Northern Arc Capital Limited’s revenue grew by 45% between the financial year ended 31 March 2024 and the financial year ended 31 March 2023, while profit after tax (PAT) grew by 31%.
| 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 | |||
Objects of the Issue (Northern Arc Capital Financials IPO)
The Company intends to use the net proceeds to meet capital requirements for future loans.
Northern Arc Capital IPO 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: investors@northernarc.com
Website: http://www.northernarc.com/
Northern Arc Capital IPO Registrar.
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nacl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Northern Arc Capital IPO: FAQs
When is Northern Arc Capital’s IPO listing date?
Northern Arc Capital’s IPO is scheduled to be listed on September 24, 2024.
When will Northern Arc Capital’s IPO be allotted?
Northern Arc Capital’s IPO allotment date is September 20, 2024.
When does Northern Arc Capital IPO open?
Northern Arc Capital IPO will open on September 16, 2024, and close on September 19, 2024.
What is the draw amount for Northern Arc Capital IPO?
Northern Arc Capital IPO lot is 57 shares and the minimum required amount is ₹14,991.
How can I apply for Northern Arc Capital IPO?
You can apply for the Northern Arc Capital IPO online using UPI or ASBA as payment methods. ASBA IPO applications are available through online banking in your bank account. UPI IPO applications are offered by brokers that do not offer banking services.
