Northern ARC Capital IPO
Northern ARC Capital IPO is listed on BSE and NSE, priced at ₹249–₹263 per share. The stock debuted at ₹350, delivering a listing gain of 33.1%. The IPO had a lot size of ₹57 shares and a minimum investment of ₹14,991.
Northern ARC Capital Limited IPO
- IPO Dates
- Sep 16, 2024 – Sep 19, 2024
- Price band
- ₹249-263 per equity share
- Minimum Investment
- ₹14,991
- Issue size
- ₹777 Cr
- Lot size
- 57
- Allotment Date
- Sep 20, 2024
- Listing
- Sep 24, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Sep 16, 2024
Open Date
Completed
-
Sep 19, 2024
Close Date
Completed
-
Sep 20, 2024
Allotment Date
Completed
-
Sep 24, 2024
Listing Date
Completed
Price Summary
- Last closing
- 259.10 (-1.48%)
- 52 week high
- 290.00
- 52 week low
- 192.07
- Last update
Northern ARC Capital IPO Essentials
Northern ARC Capital IPO Details
Northern ARC Capital IPO is priced at ₹249-263 per share with a total issue size of 777 crore. The IPO has a lot size of 57 shares and is listed on a BSE and NSE.
- Issue price
- ₹249-263 per equity share
- Lot size
- 57 shares
- Face value
- ₹10 Per Equity Share
- 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) - Total issue size
- 2,95,43,727 shares
(aggregating up to ₹777 crore) - Fresh issue
- 1,90,11,407 shares
(aggregating up to ₹500 crore) - Offer for sale (OFS)
- 1,05,32,320 shares
(aggregating up to ₹277 crore) - Listing at
- BSE, NSE
- List price
- 350.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
ICICI Securities Limited, Axis Bank Limited, Citigroup Global Markets India Private Limited
Market Lot Size
Investors can bid for a minimum of 57 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 57 | ₹14,991 |
| Retail(max) | 13 | 741 | ₹1,94,883 |
Northern ARC Capital IPO Reservation
Northern ARC Capital IPO reservation details show category-wise allocation of shares. Out of the total 2,90,06,785 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 87,02,031 (30%) | |
| QIB Shares Offered | 58,01,354 (20%) | |
| NII (HNI) Shares Offered | 43,51,016 (15%) | |
| bHNI > ₹10L | 29,00,678 (10%) | 3,634 |
| sHNI < ₹10L | 14,50,338 (5%) | 1,817 |
| Retail Shares Offered | 1,01,52,384 (35%) | 1,78,112 |
| Total Shares Offered | 2,90,06,785 (100%) |
Northern ARC Capital IPO Analytics
Northern ARC Capital IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Northern ARC Capital IPO Subscription Status
Northern ARC Capital IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 5,801,354 |
4,351,016
2,900,678
1,450,338
|
10,152,384 | 20,304,754 |
|
Day 1
16-09-24 05:00 PM
|
0.02 x |
4.47x
3.97x
5.46x
|
3.86 x | 2.86 x |
|
Day 2
17-09-24 05:00 PM
|
0.20 x |
21.72x
20.41x
24.34x
|
10.84 x | 9.99 x |
|
Day 3
18-09-24 05:00 PM
|
0.31 x |
50.80x
51.09x
50.22x
|
18.97 x | 20.18 x |
|
Day 4
19-09-24 05:00 PM
|
240.79 x |
142.13x
154.76x
116.86x
|
30.47 x | 110.54 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 52,03,893 (Approx) | —x | —x | 27.76x |
Northern ARC Capital Valuations
Earnings
- EPS Pre IPO
- 22.32
- EPS Post IPO
- 19.69
- P/E Pre IPO
- 11.78
- P/E Post IPO
- 13.36
Returns
- RoNW
- 13.32%
Fundamentals
- Debt / Equity
- 3.90
- Price / Book
- 1.49
Northern ARC Capital Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 11,707.66 | 9,371.57 | 7,974.12 |
| Revenue | 1,906.03 | 1,311.2 | 916.55 |
| Profit After Tax | 317.69 | 242.21 | 181.94 |
| Net Worth | 2,314.35 | 1,955.39 | 1,739.04 |
| Reserves & Surplus | 2,123.37 | 1,784.22 | 1,555.3 |
| Total Borrowing | 9,047.76 | 7,034.57 | 5,982.96 |
Northern ARC Capital Company & Offer Insights
About Northern ARC Capital
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.
Northern ARC Capital IPO Issue Objectives
- •
- 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.
Northern ARC Capital IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Northern Arc Capital Limited | 34.61 | 23.4 | 177.06 | N/A | 13.32 | N/A | Consolidated |
| Five-star Business Finance Ltd | 28.64 | 28.39 | 177.68 | 26.76 | 16.09 | 4.29 | Consolidated |
| SBFC Finance Limited | 2.35 | 2.3 | 25.87 | 36.64 | 8.53 | 3.36 | Consolidated |
| Creditaccess Grameen Ltd | 90.88 | 90.41 | 1809.93 | 13.12 | 5.01 | 0.66 | Consolidated |
| Fusion Micro Finance Ltd | 50.3 | 50.11 | 281.93 | 6.21 | 17.74 | 1.11 | Consolidated |
| Bajaj Finance Limited | 236.89 | 235.98 | 1239.03 | 30.93 | 18.84 | 5.89 | Consolidated |
| Cholamandalam Investment And Finance Company Ltd | 41.17 | 41.06 | 233.26 | 36.22 | 17.46 | 6.38 | Consolidated |
| Poonawalla Fincorp Limited | 21.89 | 21.63 | 105.44 | 17.81 | 20.6 | 3.67 | Consolidated |
| Mas Financial Services Ltd | 15.31 | 15.31 | 108.71 | 18.55 | 14.08 | 2.63 | Consolidated |
Notes:
- The P/E ratio is calculated as the closing share price as of September 4, 2024, divided by the diluted EPS for the year ended March 31, 2024.
- Diluted EPS refers to the diluted EPS sourced from the financial statements of the respective peer group companies for the Financial Year ended March 31, 2024.
- NAV per Equity Share represents total equity attributable to the equity shareholders as of the end of the Financial Year ended March 31, 2024, divided by the number of Equity Shares (i.e., equity shares and instruments entirely equity in nature) outstanding at the end of the year.
- RoNW is computed as consolidated profit after tax for the year as a percentage of the closing Net Worth of the Financial Year ended March 31, 2024.
Northern ARC Capital IPO - Strengths and Risks
Northern ARC Capital IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Northern ARC Capital
+91 44 6668 7000
No. 1, Kanagam Village 10th Floor, 10th Floor, IITM Research Park Taramani, Chennai - 600 113
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Northern ARC Capital IPO is a book-built IPO worth ₹777 crore. The price band is ₹249–₹263 per share. The IPO opens on Sep 16, 2024 and closes on Sep 19, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of Northern ARC Capital IPO is ₹249 to ₹263 per share.
The lot size of Northern ARC Capital IPO is 57 shares.
The minimum investment for Northern ARC Capital IPO is approximately ₹14,991 based on the upper price band .
Northern ARC Capital IPO opens on Sep 16, 2024 and closes on Sep 19, 2024.
The allotment date of Northern ARC Capital IPO is Sep 20, 2024.
Northern ARC Capital IPO is expected to be listed on Sep 24, 2024, on BSE and NSE .
Northern ARC Capital IPO listed on Sep 24, 2024. It was issued at ₹350.0(NSE) and is currently around ₹259.10 as on 30-Apr-2026 3:30 PM, which is approximately -1.5% versus issue price. The 52-week high is ₹290.00.
Based on listing and post-listing performance, Northern ARC Capital IPO delivered around -1.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Northern ARC Capital IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Northern ARC Capital IPO valuation snapshot: P/E 13.36, EPS 19.69, P/B 1.49, RoNW 13.32%, and market cap N/A.
To apply for Northern ARC Capital IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Northern ARC Capital IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Northern ARC Capital IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Northern ARC Capital IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Northern ARC Capital IPO allotment status on IPO Ji for quick and easy access.