Northern Arc Capital IPO Allotment Status Online 2024

Last Updated: September 13, 2024

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Northern Arc Capital IPO Allotment Status Online: Northern Arc Capital IPO is Open on 16 September 2024 and Close on 19 September 2024. Northern Arc Capital IPO to Raise 29,543,727 shares (Approx ₹777.00 Cr) via IPO. The Fresh Issue is 19,011,407 shares (Approx ₹500.00 Cr) and The Offer For Sale is 10,532,320 shares of ₹10 (Approx ₹277.00 Cr).

The Retail Quota is 35%
QIB is 50%
NII is 15%

Northern Arc Capital IPO Basis of Allotment Status on 20 September 2024. Northern Arc Capital IPO Refund Date is 23 September 2024 and Northern Arc Capital IPO Credit to Demat on 23 September 2024.

Also Read: Northern Arc Capital IPO GMP, Review, Price, Date, IPO Details

Northern Arc Capital Allotment Link Online

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About –Northern Arc Capital was incorporated on March 9, 1989 Our Company was incorporated September 9, 2020 We are a technology driven EPC company, We are 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.

MSME
MFI
Consumer finance
Vehicle finance
Affordable housing finance
Agriculture finance

Our approach has been to create a differentiated and comprehensive play on the retail credit ecosystem in India spread across sectors. Since 2009, when we entered the financial inclusion space, we have facilitated financing of over ₹1.73 trillion that has impacted over 101.82 million lives across India, as of March 31, 2024.Northern Arc Capital are one of the leading players amongst India’s diversified NBFCs in terms of Assets under Management (“AUM”) as of March 31, 2024, with a business model diversified across offerings, sectors, products, geographies and borrower categories. we have one of the lowest industry-wide credit costs amongst diversified NBFCs in India, as of March 31, 2024 .We have developed domain expertise in enabling credit across our focused sectors in India, namely, micro, small and medium enterprises (“MSMEs”) financing, microfinance (“MFI”), consumer finance, vehicle finance, affordable housingfinance and agricultural finance. We have been operating in the MSME, MFI and consumer finance sectors for over 14 years, 15 years and nine years, respectively.The retail credit market (includes housing finance, vehicle financing, gold loans, education loans, consumer durables, personal loans, credit cards and microfinance) in India was ₹75.2 trillion, as of Fiscal 2024 and has rapidly grown at a CAGR of 16.0% during Fiscals 2020 and 2024.

Subhash Yadav

Stock Market and Mutual Fund SIP Expert with 4+ Years of Experience. He is the Founder of Money Mint idea and Shares insights on Stock Market Trends, Mutual Funds, IPOs, and NFOs.Credentials: F&O Trading Strategies (NSE Academy, 2023) Certified Life Insurance Agent (IC38, 2024) Wikipedia Editor Username: Subhashyadav120)

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