The Northern Arc Capital IPO opens for subscription today, September 16, 2024, and will close on September 19, 2024. The company aims to raise ₹777 crores through this offering, with shares priced between ₹249 and ₹263 each. Investors can apply for a minimum of 57 shares per lot, and up to 13 lots, reflecting strong interest. The IPO has already secured ₹229 crores from anchor investors. Currently, the shares are trading at a grey market premium (GMP) of ₹158, indicating robust demand. The shares are expected to be allotted on September 20, with a tentative listing date on the BSE and NSE set for September 24, 2024. Analysts recommend subscribing to the Northern Arc Capital IPO due to its solid financial performance, diversified business model, and competitive positioning in the NBFC sector.
Northern Arc Capital IPO Date
The Northern Arc Capital IPO is scheduled as follows:
- Opens: September 16, 2024
- Closes: September 19, 2024
This timeline is essential for investors looking to participate in the Northern Arc Capital IPO.
Northern Arc Capital IPO Size
The Northern Arc Capital IPO aims to raise ₹777 crores, which includes:
- Fresh Issue: ₹500 crores
- Offer for Sale: ₹277 crores
This significant size of the Northern Arc Capital IPO is designed to raise substantial capital for the company.
Northern Arc Capital IPO Price
- Price Band: ₹249 to ₹263 per share
The Northern Arc Capital IPO price range provides a clear indication of the investment cost for potential investors.
Northern Arc Capital IPO Lot Size
- Minimum Shares per Lot: 57
- Maximum Lots: 13 (741 shares total)
Investors can apply for a minimum of 57 shares and up to 13 lots, allowing flexibility in investment amounts.
Northern Arc Capital IPO Listing Date
- Tentative Listing Date: September 24, 2024
The Northern Arc Capital IPO shares are expected to list on the BSE and NSE on September 24, 2024, marking a key date for investors.
Financial Performance of Northern Arc Capital
Northern Arc Capital has demonstrated strong financial performance. Key figures for the fiscal year ending March 31, 2024 include:
- Net Profit: ₹317.69 crores
- Revenue: ₹1,906.03 crores
The company is known for its expertise in providing credit to underserved markets, including microfinance, MSME finance, and affordable housing finance.
Grey Market Premium (GMP) for Northern Arc Capital IPO
The Northern Arc Capital IPO shares are currently trading at a grey market premium (GMP) of ₹158. This high GMP reflects strong demand for the shares and indicates positive investor sentiment towards the Northern Arc Capital IPO.
Analyst Recommendations for Northern Arc Capital IPO
Analysts generally recommend subscribing to the Northern Arc Capital IPO for several reasons:
- Strong Asset Quality: Northern Arc Capital maintains high asset quality.
- Diversified Funding Sources: The company benefits from various funding options.
- Established Partner Ecosystem: A robust network of partners supports the company.
- Favorable Price-to-Book Value (P/BV) Ratio: The P/BV ratio is favorable compared to industry peers.
These factors contribute to a positive Northern Arc Capital IPO review.
Summary of Northern Arc Capital IPO
The Northern Arc Capital IPO presents an attractive investment opportunity due to its strong financial performance, strategic focus on underserved markets, and favorable market positioning.
| Aspect | Details |
|---|---|
| IPO Date | September 16 to September 19, 2024 |
| IPO Size | ₹777 crores |
| Price Band | ₹249 to ₹263 per share |
| Lot Size | Minimum 57 shares; maximum 13 lots |
| Tentative Listing Date | September 24, 2024 |
| GMP | ₹158 |
| Net Profit | ₹317.69 crores |
| Revenue | ₹1,906.03 crores |
Conclusion
If you are considering participating in the Northern Arc Capital IPO, it is essential to assess the company’s financial health, growth prospects, and market position. With its impressive track record and focus on underserved markets, the Northern Arc Capital IPO is a promising investment opportunity.
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