Northern Arc Capital Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 15-09-2024 | 30-11--0001 | 10 PER SHARE | 263 | 57 Shares | BSE, NSE | 29,543,727 shares (aggregating up to ₹777.00 Cr) | 2024-09-19 18:30:00 | 2024-09-22 18:30:00 | 2024-09-22 18:30:00 | 23-09-2024 |
About The Company
Northern Arc Capital IPO is a book built issue of Rs 777.00 crores. The issue is a combination of fresh issue of 1.9 crore shares aggregating to Rs 500.00 crores and offer for sale of 1.05 crore shares aggregating to Rs 277.00 crores.
Northern Arc Capital IPO opens for subscription on September 16, 2024 and closes on September 19, 2024. The allotment for the Northern Arc Capital IPO is expected to be finalized on Friday, September 20, 2024. Northern Arc Capital IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, September 24, 2024.
Northern Arc Capital IPO price band is set at ₹249 to ₹263 per share. The minimum lot size for an application is 57 Shares. The minimum amount of investment required by retail investors is ₹14,991. The minimum lot size investment for sNII is 14 lots (798 shares), amounting to ₹209,874, and for bNII, it is 67 lots (3,819 shares), amounting to ₹1,004,397.
The issue includes a reservation of up to 590,874 shares for employees offered at a discount of Rs 24 to the issue price.
ICICI Securities Limited, Axis Bank Limited and Citigroup Global Markets India Private Limited are the book running lead managers of the Northern Arc Capital IPO, while Kfin Technologies Limited is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2022 | 7974 | 917 | 182 | 1739.04 | 1555.3 | 5982.96 |
| 30-03-2023 | 9372 | 1311 | 242 | 242.21 | 1784.22 | 7034.57 |
| 30-03-2024 | 11708 | 1906 | 318 | 2314.35 | 2123.37 | 9047.76 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 0.00 |
| Non-Institutional Buyers | 0.40 |
| Retail Investors | 1.49 |
| Total | 0.83 |
| Qualified Institutions | 242.73 |
| Non-Institutional Buyers | 147.58 |
| Retail Investors | 32.01 |
| Total | 117.19 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 57 | 14991 |
| Retail (Max) | 13 | 741 | 164883 |
| S-HNI (Min) | 14 | 798 | 209874 |
| S-HNI (Max) | 66 | 3762 | 989406 |
| B-HNI (Min) | 67 | 3819 | 1004397 |
IPO Listing Details
| Listing Date | 23-09-2024 |
| BSE Script Code | 544260 |
| NSE Symbol | NORTHARC |
| ISIN | INE850M01015 |
| Final Issue Price | 263 |
Promoter holdings
Contact Information of the Company
Northern Arc Capital Limited
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/
IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nacl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Manager
ICICI Securities Limited (Past IPO Performance) Axis Bank Limited (Past IPO Performance) Citigroup Global Markets India Private Limited (Past IPO Performance)