Northern Arc Capital IPO is set to open on September 16, 2024, and will close on September 19, 2024. Notably, the IPO follows a book-built issue format, aiming to raise approximately ₹777 crores. This includes a fresh issue of ₹500 crores, while the remaining amount will come from an offer for sale of up to 10,532,320 equity shares, each with a face value of ₹10.
Table of contents
- Northern Arc Capital IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Northern Arc Capital IPO GMP (Grey Market Premium)
- Northern Arc Capital IPO Application Form PDF
- Northern Arc Capital IPO Subscription Status
- Northern Arc Capital IPO Allotment Status
- IPO Review
- Northern Arc Capital IPO Registrar
- Northern Arc Capital IPO Lead Manager
- Northern Arc Capital Limited Contact
- FAQs
Northern Arc Capital IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Northern Arc Capital Limited |
| Industry | Financial |
| IPO Issue Type | Book Built Issue |
| Open Date | September 16, 2024 |
| Close Date | September 19, 2024 |
| Total Issue Size | ₹777.00 Crores (29,543,727 Equity Shares) |
| Fresh Issue | ₹500.00 Crores (19,011,407 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹249 to ₹263 per share |
| Listing on | BSE & NSE |
| Employee Discount | ₹24 per share |
| Lot Size | 57 Shares |
| Offer for Sale | ₹277.00 Crores (10,532,320 Equity Shares) |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Northern Arc Capital Limited is a diversified financial services platform established with the primary mission of addressing the varied retail credit needs of underserved households and businesses across India. Moreover, Over the past 15 years, the company has steadily developed a differentiated and comprehensive approach to the retail credit ecosystem, spanning multiple sectors. In particular, they have built domain expertise in facilitating credit across key sectors such as MSME financing, microfinance (MFI), consumer finance, vehicle finance, affordable housing, and agricultural finance. Notably, they have been active in MSME, MFI, and consumer finance for 14, 15, and nine years, respectively.
Additionally, Since entering the financial inclusion space in 2009, they have enabled the financing of over ₹1.73 trillion, positively impacting more than 101.82 million lives across India, as of March 31, 2024. Furthermore, Northern Arc has emerged as one of the leading diversified NBFCs in India, ranked by Assets under Management (AUM) as of March 31, 2024. Their business model stands out for its diversification across offerings, sectors, products, geographies, and borrower categories. Additionally, the company has developed a scalable and efficient business model that integrates a comprehensive technology product suite, tailored to various sectors.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 16, 2024 |
| IPO Close Date | September 19, 2024 |
| Basis of Allotment | September 20, 2024 |
| Refunds | September 23, 2024 |
| Credit to Demat Account | September 23, 2024 |
| IPO Listing Date | September 24, 2024 |
Financials (₹ in Crores)
| 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 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 57 | ₹14,991 |
| Retail (Max) | 13 | 741 | ₹194,883 |
| S-HNI (Min) | 14 | 798 | ₹209,874 |
| B-HNI (Min) | 67 | 3,819 | ₹1,004,397 |
The objective of the Issue
- Additionally, The company intends to utilize the Net Proceeds to support its future capital needs, specifically aimed at facilitating onward lending.
Company Promoters
- Mr. Prakash Chandra Panda
- Mr. Atul Tibrewal
- Mr. Ashutosh Arvind Pednekar
- Mr. Michael Jude Fernandes
- Mr. Trikkur Anantharaman
- Mr. Palamadai Sundararajan Jayakumar
- Mr. Arunkumar Nerur Thiagarajan
- Mrs. Kshama Fernandes
- Mr. Ashish Mehrotra
- Mrs. Anuradha Rao
- Mr. Vijay Chakravarthi Nallan
Northern Arc Capital IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Northern Arc Capital IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Northern Arc Capital Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Northern Arc Capital IPO Application Form PDF
To download the Northern Arc Capital IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Northern Arc Capital IPO Subscription Status
This IPO subscription kicks off on September 16, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Northern Arc Capital IPO Allotment Status
To check the Northern Arc Capital IPO allotment status go to the IPO registrar website Kfin Tech or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Northern Arc Capital’s strengths include a diversified business model that spans various sectors, products, and geographies.
- Additionally, they possess strong expertise in lending to underserved households and businesses, supported by a robust technology infrastructure offering customized solutions.
- Their extensive reach across India further enhances their market position.
Risks:
- However, the company faces certain weaknesses, such as a dependence on the performance of the Indian economy.
- Moreover, they are exposed to risks associated with lending to underserved segments, which could impact financial stability.
Northern Arc Capital IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: nacl.ipo@kfintech.com
Website: www.kfintech.com
Northern Arc Capital IPO Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2 Wadia International Center
Pandurang Budhkar Marg, Worli Mumbai – 400 025 Maharashtra
Phone: +91 22 4325 2183
Email: northernarc.ipo@axiscap.in
Website: www.axiscapital.co.in
Northern Arc Capital Limited Contact
NORTHERN ARC CAPITAL LIMITED
No. 1, Kanagam Village, 10th Floor, IITM Research Park,
Taramani, Chennai 600 113, Tamil Nadu
Phone: +91 44 6668 7000
Email: investors@northernarc.com
Website: www.northernarc.com
FAQs
Moreover, Northern Arc Capital’s IPO is a main-board offering through which the company aims to raise ₹777 crores. The issue price is set between ₹249 and ₹263 per equity share, with plans to list the IPO on both the BSE and NSE.
Additionally, The IPO is scheduled to open on September 16, 2024, for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors. The subscription period will close on September 19, 2024.
For this IPO, 50% of the shares are allocated for QIBs, 15% for NIIs, and 35% for Retail Investors, ensuring a balanced distribution among investor categories.
However, You can apply for Northern Arc Capital’s IPO through the ASBA option available online via your bank account. Alternatively, you can use UPI through your stockbroker’s platform, or apply offline by filling out a form with your stockbroker.
Moreover, The total issue size for Northern Arc Capital’s IPO stands at ₹777 crores.
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