Northern ARC Capital Ltd

Northern ARC Capital Ltd IPO

IPO Price Range: ₹249 - 263

Northern ARC Capital Limited 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, its approach has been to create a differentiated and comprehensive play on the retail credit ecosystem in India spread across sectors. Since 2009, the company has facilitated financing of over Rs. 1.73 trillion that has impacted over 101.82 million lives across India, as of March 31, 2024. The Company has one of the lowest industry-wide credit costs amongst diversified NBFCs in India, as of March 31, 2024.

Min Investment

₹14,991

IPO Size

₹777 Cr

IPO Status

Closed

Quantity in 1 Lot

57

Max Bid allowed

13

Listing Exchange

NSE

IPO Application Timeline of Northern ARC Capital Ltd

Open Date16 Sep 2024
Close Date19 Sep 2024
Allotment Date20 Sep 2024
Listing Date24 Sep 2024

IPO subscribed over

🚀 110.91x

This IPO has been subscribed by 31.08x in retail and 240.79x in QIB.

Subscription Rate

Total Subscription110.91x
Retail Individual Investors31.08x
Qualified Institutional Buyers240.79x
Non Institutional Investors142.41x

Key Statistics

Bid Opening DateBid Opening Date16 Sep 2024
Bid Closing DateBid Closing Date19 Sep 2024
Allotment DateAllotment Date20 Sep 2024
Issue SizeIssue Size₹777Cr
Quantity in 1 lotQuantity in 1 lot57

Strength and risks

Strength

Strength

  • Large addressable and underpenetrated market with strong sectoral expertise.

  • Large ecosystem of partners and data and technology platform creating strong network effects.

  • Proprietary technology product suite transforming the debt market ecosystem.

  • Robust risk management based on domain expertise, proprietary risk models and data repository driving asset quality.

  • Diversified sources of funding for its own deployment and proactive liquidity management.

  • Professional management team supported by an experienced Board and marquee investors driving high standards of governance.

  • Strong ESG framework integrated into the business model with focus on creating sustainable impact and climate-smart lending.

About Northern ARC Capital Ltd

OrganisationNorthern ARC Capital Ltd
HeadquartersChennai
IndustryFinance

Frequently Asked Questions

  • What is the size of the Northern ARC Capital Ltd IPO?

    The size of the Northern ARC Capital Ltd IPO is ₹777Cr .

  • What is 'pre-apply' for Northern ARC Capital Ltd IPO?

    'Pre-apply' for Northern ARC Capital Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Northern ARC Capital Ltd IPO order be placed?

    Your Northern ARC Capital Ltd IPO order will be placed on 16 Sep 2024.

  • What are the open and close dates of the Northern ARC Capital Ltd IPO?

    The open and close dates of the Northern ARC Capital Ltd IPO are 16 Sep 2024 to 19 Sep 2024.

  • What is the lot size and minimum order quantity of the Northern ARC Capital Ltd IPO?

    The lot size and minimum order quantity of the Northern ARC Capital Ltd IPO are 57 and 57 respectively.

  • What would be the listing gains on the Northern ARC Capital Ltd IPO?

    The potential listing gains on the Northern ARC Capital Ltd IPO will depend on various market factors and cannot be predicted with certainty.