IPO

Northern ARC Capital Limited IPO

Mainboard

Non Banking Financial Company (NBFC)

Listed On: Sep 24, 2024 at ₹ 350.0(NSE)

₹ 14991 /57 Shares

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Price Summary

Last Closing

224.44 (-14.66%)

52 Week High

350.00

52 Week Low

141.47

Last Update

16-Jun-2025 3:30 PM
Northern ARC Capital IPO Details

16 Sep, 2024

Open Date

19 Sep, 2024

Close Date

20 Sep, 2024

Allotment Date

24 Sep, 2024

Listing Date

Issue Price

₹249-263 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

350.0(NSE)

Listing Date

2024-09-24

Market Lot

Retail : 57 Shares (₹14,991/-)
S-HNI : 798 Shares (₹2,09,874/-)
B-HNI : 3,819 Shares (₹10,04,397/-)

Lead Manager

ICICI Securities Limited
Axis Bank Limited
Citigroup Global Markets India Private Limited

Issue Size

Total ₹777.00 Cr :
#Fresh Issue : 19,011,407 shares(aggregating up to ₹500.00 Cr) +
#OFS : 10,532,320 shares of ₹10(aggregating up to ₹277.00 Cr)

Retail Portion

35% (Number of Retail Applications: 1,78,112 Approx),
(Number of S-HNI Applications : 1,817 Approx),
(Number of B-HNI Applications : 3,635 Approx)

Subscription

110.54 times

IPO Docs

DRHP RHP ANCHOR

Northern ARC Capital IPO Details


Northern ARC Capital IPO is a book-built issue of ₹777 crores, The total issue size is ₹777 crores. The IPO of Northern ARC Capital is priced at ₹249-263 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 16, 2024 and ends on Sep 19, 2024. The allotment for Northern ARC Capital IPO will be finalized on Sep 20, 2024. Northern ARC Capital IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 24, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 57 shares, extendable to 14,991. The book-running lead manager for the IPO is/are ICICI Securities Limited , Axis Bank Limited , Citigroup Global Markets India Private Limited.

The total issue ₹777 crore, comprising a fresh issue of 1,90,11,407 shares ₹500 crore and an Offer for Sale (OFS) of 1,05,32,320 shares to mop up ₹277 crore.

The Northern ARC Capital IPO sets its price band at 249-263 for each share. A single application for Northern ARC Capital Limited IPO must contain at least 57 shares. Sentiment investors need to invest a minimum of 57 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,991

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Northern ARC Capital IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved5,801,3544,351,016
2,900,678    1,450,338		10,152,38420,304,754
Day 1 - 16-09-24 05:00 PM0.02 x4.47
3.97 x   5.46 x		3.86 x2.86 x
Day 2 - 17-09-24 05:00 PM0.20 x21.72
20.41 x   24.34 x		10.84 x9.99 x
Day 3 - 18-09-24 05:00 PM0.31 x50.80
51.09 x   50.22 x		18.97 x20.18 x
Day 4 - 19-09-24 05:00 PM240.79 x142.13
154.76 x   116.86 x		30.47 x110.54 x
Total No. of Applications: 52,03,893 (Approx)
Retail Subscription on the basis of Applications: Retail:27.76x BHNI:31.1x SHNI:116.1x times

Northern ARC Capital Valuations

EPS Pre IPO

22.32

EPS Post IPO

19.69

P/E Pre IPO

11.78

P/E Post IPO

13.36

Debt/Equity

3.90

RoNW

13.32%

Price to Book Value

1.49

Northern ARC Capital Company Financials All values are in ₹ Cr.

31-Mar-2431-Mar-2331-Mar-22
Assets11,707.669,371.577,974.12
Revenue1,906.031,311.2916.55
Profit After Tax317.69242.21181.94
Net Worth2,314.351,955.391,739.04
Reserves & Surplus2,123.371,784.221,555.3
Total Borrowing9,047.767,034.575,982.96

About The Company

Northern Arc Capital, founded in 1989, is a non-bank financial institution that specialises in meeting the credit needs of underserved families and enterprises by providing loan financing. They are one of the most well-known diversified NBFCs in India. Microfinance, MSME financing, auto finance, consumer finance, and affordable housing finance are some of the industries in which Northern Arc works.

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Northern ARC Capital - Strength and Weakness

Strength

The NBFC has a growing and diverse pool of Originator Partners and Investment Partners from a variety of industries.

Their Nimbus technology system, which they developed themselves, enables them to expand their commercial options while also improving productivity.

Geographically, in terms of offers, products, and borrower groups, they are quite diverse.

Over the decades that they have been in business, they have refined and enhanced their risk management method.

Weakness

Any disruptions in the NBFC's funding sources will have a significant impact on the company's operations.

Northern Arc is exposed to highly high-risk borrowers, and any large-scale defaults in this sector will have a negative impact on the company's financials and operations.

n India, the microfinance industry is highly regulated, and any bad changes in this sector would have an impact on the business.

Northern ARC Capital - Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Northern Arc1.4913.3613.32%1,906
Five-Star Business4.2524.57.5%2,369
SBFC Finance3.3134.410.5%1,086
CreditAccess Grameen3.0813.424.8%5,509
Fusion Micro1.098.8919.6%2,474
Bajaj Finance5.9730.622.1%58,567
Cholomandalam Investment6.7836.320.2%20,870
Poonawalla Fincorp3.7525.213.9%3,394
MAS Financial2.6319.615.2%1,357

Northern ARC Capital - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Northern ARC Capital IPO - Issue Objectives

  1. The company proposes to utilize the Net Proceeds to meet future capital requirements toward onward lending.

Northern ARC Capital IPO - Anchor Investors

Northern Arc Capital gets Rs 229 cr from anchor investors.

SBI General Insurance Company, SBI Life Insurance Company, Reliance General Insurance Company, Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore) Pte, Societe Generale, and Quant Mutual Fund are among the anchor investors.

Other Details

Company Contact Details

Northern ARC Capital

No. 1, Kanagam Village 10th Floor, 10th Floor, IITM Research Park Taramani, Chennai - 600 113

Phone: +91 44 6668 7000

Email: investors@northernarc.com

Website: http://www.northernarc.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: nacl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Northern ARC Capital IPO - FAQs

Ans. Northern ARC Capital Limited IPO is a Mainboard IPO. The issue is priced at ₹249-263 per equity share. The minimum order quantity is 57 Shares. The IPO opens on Sep 16, 2024, and closes on Sep 19, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Northern ARC Capital Limited IPO opens on Sep 16, 2024 and closes on Sep 19, 2024.

Ans. The size of Northern ARC Capital Limited IPO is Total ₹777.00 Cr : #Fresh Issue : 19,011,407 shares(aggregating up to ₹500.00 Cr) + #OFS : 10,532,320 shares of ₹10(aggregating up to ₹277.00 Cr).

Ans. The IPO price band is set between ₹249-263 per equity share.

Ans. To apply for Northern ARC Capital Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Northern ARC Capital Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Northern ARC Capital Limited IPO is Sep 20, 2024.

Ans. The Northern ARC Capital Limited IPO will be listed on Sep 24, 2024.

Ans. Follow the steps to check the allotment status for Northern ARC Capital Limited IPO here.