Northern Arc Capital IPO GMP : Northern Arc Capital IPO GMP 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 of 19,011,407 shares (Approx ₹500.00 Cr) and The Offer For Sale is 10,532,320 shares of ₹10 (Approx ₹277.00 Cr).
Our Company 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.
Northern Arc Capital IPO Date & Price Band Details
| IPO Open Date | 16 Sep 2024 |
|---|---|
| IPO Close Date | 19 Sep 2024 |
| IPO Size | 29,543,727 shares (Approx ₹777.00 Cr) |
| Fresh Issue | 19,011,407 shares (Approx ₹500.00 Cr) |
| Offer For Sale | 10,532,320 shares of ₹10 (Approx ₹277.00 Cr) |
| Lot Size | 57 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹249 to ₹263 Per Equity Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Northern Arc Capital IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 57 | ₹14,991 |
| Retail Maximum | 13 | 741 | ₹194,883 |
| S-HNI Minimum | 14 | 798 | ₹209,874 |
| B-HNI Minimum | 67 | 3,819 | ₹1,004,397 |
Object of the Issue
- Our Company proposes to utilize the Net Proceeds to meet future capital requirements towards onward lending.
Northern Arc Capital IPO Allotment & Listings (Details)
| IPO Open Date | 16 Sep 2024 |
|---|---|
| IPO Close Date | 19 Sep 2024 |
| Basis of Allotment | 20 Sep 2024 |
| Refunds | 23 Sep 2024 |
| Credit to Demat Account | 23 Sep 2024 |
| IPO Listing Date | 24 Sep 2024 |
Northern Arc Capital Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹1,906.03 | ₹1,484.83 | ₹317.69 |
| 2023 | ₹1,311.2 | ₹988.10 | ₹242.21 |
| 2022 | ₹916.55 | ₹668.16 | ₹181.94 |
Our Company Promoters
N/A
Qualitative Factors
- Large addressable and underpenetrated market with strong sectoral expertise.
- Large ecosystem of partners and data and technology platform creating strong network effects.
- Proprietary technology product suite transforming the debt market ecosystem.
- Robust risk management based on domain expertise, proprietary risk models and data repository driving asset quality.
- Diversified sources of funding for our own deployment and proactive liquidity management.
- Professional management team supported by an experienced Board and marquee investors driving high standards of governance.
- Strong ESG framework integrated into the business model with focus on creating sustainable impact andclimate-smart lending.
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Five-Star Business Finance Limited | 1.00 | 28.64 | 26.76 | 16.09% | 177.68 | 21,828.47 |
| SBFC Finance Limited | 10.00 | 2.35 | 36.64 | 8.53% | 25.87 | 10,186.40 |
| CreditAccess Grameen Limited | 10.00 | 90.88 | 13.12 | 5.01% | 1,809.93 | 51,666.70 |
| Fusion Micro Finance Limited | 10.00 | 50.30 | 6.21 | 17.74% | 281.93 | 23,167.30 |
| Bajaj Finance Limited | 2.00 | 236.89 | 30.93 | 18.84% | 1,239.03 | 549,694.90 |
| Cholamandalam Investment Limited | 2.00 | 41.17 | 36.22 | 17.46% | 233.26 | 191,396.20 |
| Poonawalla Fincorp Limited | 2.00 | 21.89 | 17.81 | 20.60% | 105.44 | 31,090.10 |
| MAS Financial Services Limited | 10.00 | 15.31 | 18.55 | 14.08% | 108.71 | 12,791.60 |
Also Read: Western Carriers (India) IPO
Northern Arc Capital Company Contact Details
No. 1, Kanagam Village
10th Floor, IITM Research Park Taramani, Chennai 600 013
Tamil Nadu, India
E- mail: investors@northernarc.com
Tel: +91 44 6668 7000
Website: www.northernarc.com
Northern Arc Capital Lead Manager
- ICICI Securities Limited
- Axis Capital Limited
- Citigroup Global Markets India Private Limited
Northern Arc Capital IPO Registrar
KFin Technologies Limited
Selenium Tower-B Plot No. 31 & 32, Financial District
Nanakramguda, Serilingampally Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222
Website: www.kfintech.com
E-mail: nacl.ipo@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact person: M Murali Krishna
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