Stay updated with the latest on Northern Arc Capital IPO GMP (Grey Market Premium). We provide live data and key information to help you make informed investment decisions.
Northern Arc Capital IPO GMP Overview
- IPO Open Date: September 16, 2024
- IPO Close Date: September 19, 2024
- Price Band: ₹249 to ₹263 per share
- Issue Size: ₹777.00 Crores
- Listing Date: September 24, 2024
- Lot Size: Minimum 57 shares(₹14,991)
Northern Arc Capital IPO GMP Live Rates
| Dates | IPO GMP |
|---|---|
| September 24, 2024 | ₹131 (50%) |
| September 23, 2024 | ₹131 (50%) |
| September 22, 2024 | ₹144 (55%) |
| September 21, 2024 | ₹144 (55%) |
| September 20, 2024 | ₹128 (49%) |
| September 19, 2024 | ₹145 (55%) |
| September 18, 2024 | ₹160 (61%) |
| September 17, 2024 | ₹178 (68%) |
| September 16, 2024 | ₹175 (67%) |
| September 15, 2024 | ₹158 (60%) |
| September 14, 2024 | ₹- |
| September 13, 2024 | ₹- |
| September 12, 2024 | ₹- |
| September 11, 2024 | ₹- |
| September 10, 2024 | ₹- |
IPO Timeline
| 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 |
About Northern Arc Capital
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.
Disclaimer
- The Grey Market Premium (GMP) mentioned for (Northern Arc Capital IPO GMP) is applicable only for the specific date provided.
- We do not engage in the buying or selling of IPO forms on the grey market.
- Please do not base your IPO subscription decision solely on the premium price, as it may fluctuate. Always consider the company’s fundamentals before investing.
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