Northern Arc Capital IPO Live Subscription Status: 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%
The Northern Arc Capital IPO is an Mainline IPO and Listed on NSE & BSE. Northern Arc Capital IPO Price Band is Fixed at ₹263 Equity Shares. Northern Arc Capital IPO Lot Size is 57 Shares.
Also Read: Northern Arc Capital IPO GMP, Review, Price, Date, IPO Details
Northern Arc Capital IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 58,01,354 | 1,40,81,33,928 | 242.73 |
| Non Institutional Buyers (NIIs) | 43,51,016 | 64,21,24,665 | 147.58 |
| BNII | 29,00,678 | 46,54,93,635 | 160.48 |
| SNII | 14,50,338 | 17,66,31,030 | 121.79 |
| Retail Buyers | 1,01,52,384 | 32,49,69,882 | 32.01 |
| Anchor Investor | 87,02,031 | 87,02,031 | 1 |
| Total | 2,03,04,754 | 2,37,95,07,465 | 117.19 |
Northern Arc Capital IPO Subscription Status day-by-day-
| Categories | 16 Sep | 17 Sep | 18 Sep | 19 Sep |
|---|---|---|---|---|
| QIB | 0.02 | 0.20 | 0.32 | 242.73 |
| NII | 4.66 | 22.55 | 52.83 | 147.58 |
| RII | 4.09 | 11.32 | 19.93 | 32.01 |
| Total | 3.08 | 10.61 | 21.51 | 117.19 |
About IPO :
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.
Northern Arc Capital holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets.
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
Northern Arc Capital Review From MoneyMintIdea –
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