Northern Arc Capital Limited IPO GMP

Northern Arc Capital is a diversified financial services platform set up primarily with the mission of catering to the diverse retail credit requirements of the under-served households and businesses in India. Over the last 15 years, their approach has been to create a differentiated and comprehensive play on the retail credit ecosystem in India spread across sectors.

Northern Arc Capital, an Book Built Issue amounting to ₹777.00 Crores, consisting an Fresh Issue of 190.11 Lakh Shares worth ₹500.00 Crores and an Offer for Sale of 105.32 Lakh Shares totalling to ₹277.00 Crores. The subscription period for the Northern Arc Capital IPO opens on September 16, 2024, and closes on September 19, 2024. The allotment is expected to be finalized on or about Friday, September 20, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Tuesday, September 24, 2024.

The Share price band of Northern Arc Capital IPO is set at ₹249 to ₹263 equity per share, with a minimum lot size of 57 shares. Retail investors are required to invest a minimum of ₹14,991, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (798 shares), amounting to ₹209,874.

ICICI Securities Limited, Axis Capital Limited and Citigroup Global Markets India Private Limited are the book-running lead manager, KFin Technologies Limited is the registrar for the Issue. 

Northern Arc Capital Limited IPO GMP Today
The Grey Market Premium of Northern Arc Capital Limited IPO is expected in the range of ₹140 to ₹150  based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Northern Arc Capital Limited IPO Live Subscription Status Today: Real-Time Updates
As of 12:24 PM on 19 September 2024, the Northern Arc Capital Limited IPO live subscription status shows that the IPO subscribed 32.05 times on its final day of subscription period. Check the Northern Arc Limited IPO Live Subscription Status Today at BSE.

Northern Arc Capital Limited IPO Anchor Investors Report
Northern Arc Capital has raised ₹25.77 Crore from Anchor Investors at a price of ₹263 per share in consultation of the Book Running Lead Managers. The company allocated 979,887 equity shares to the Anchor Investors. Check Full list of Northern Arc Capital Anchor Investors List.

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Northern Arc Capital Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Northern Arc Capital IPO allotment date is 20 September, 2024, Friday. Northern Arc Capital IPO Allotment will be out on 20th September 2024 and will be live on Registrar Website from the allotment date. Check Northern Arc Capital Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Northern Arc Capital Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Northern Arc Capital Limited IPO
Northern Arc Capital proposes to utilize the Net Proceeds to meet future capital requirements towards onward lending. 

Refer to Northern Arc Capital Limited RHP for more details about the Company.