Northern ARC Capital IPO subscription status started on September 16, 2024, and closed on September 19, 2024. The company aims to raise approximately ₹777.00 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹249 to ₹263 per equity share.
The IPO consists of a minimum market lot of 57 Shares requiring an application amount of ₹14,991. Northern ARC Capital is a Mainboard IPO that will be listed on the NSE & BSE.
Also read: Northern Arc Capital IPO: Dates, Pricing and Allotment 2024
Table of contents
IPO Overview
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.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Northern ARC Capital IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | 0.02 | 0.20 | 0.32 | 242.73 |
| NII | 4.66 | 22.55 | 52.83 | 147.58 |
| bNII | 4.12 | 21.17 | 52.98 | 160.48 |
| sNII | 5.71 | 25.28 | 52.46 | 121.58 |
| RII | 4.09 | 11.32 | 19.93 | 32.01 |
| Total | 3.06 | 10.59 | 21.47 | 117.09 |
Northern ARC Capital IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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- Must Apply
Northern ARC Capital IPO Form
To apply for the Northern ARC Capital IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 16, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
Log in to Zerodha Console, select the IPO and complete your bid. Approve the mandate via UPI.
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Log in to Upstox, select the IPO, and complete your bid. Approve the mandate via UPI.
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