Northern Arc IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com,
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What is the latest news relating to Northern Arc IPO?
On 24th September 2024, the IPO got listed at Rs. 350 per share, premium of 33.08% over the issue price.
What was the last GMP of Northern Arc IPO?
GMP Rs.
Northern Arc IPO Subscription Status
Northern Arc Capital IPO Subscriptions (Closed)Price Rs. 263 Lot 57 shares, Rs. 777.00 Crore |
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QIB | B HNI X | S HNI X | NII X | RII X | Total X |
242.73 | 160.48 | 121.79 | 147.58 | 32.01 | 117.19 |
Applications: 52,56,107 / (29.51x) Amount wise Bids recd. Rs. ? Crore |
The Company is a professionally managed company and doesnot have an identifiable promoter
What are the Objects of Northern Arc IPO?
The Offer comprises of the Fresh Issue and an Offer for Sale.
The Company proposes to utilise the Net Proceeds towards augmenting the Company’s capital base to meet its future capital requirements.
What is the business of Northern Arc?
Northern Arc is a platform in the financial services sector set up primarily with the mission of catering to the diverse credit requirements of under-served households and businesses by providing efficient and reliable access to debt finance.
Registered with the RBI as a systemically important, non-deposit taking non-banking finance company
(“NBFC”), it has been operating in the financial inclusion space for over a decade. It is a leading player amongst India’s diversified NBFCs, with a business model diversified across offerings, sectors, products, geographies and borrower segments. It provides access to credit to under-served households and businesses directly and indirectly through its Originator Partners. It operates with a risk management framework that uses a combination of proprietary quantitative data analytics based on over 22 million unique data points and qualitative field-level insights that aid credit assessment and monitoring. Its proprietary integrated technology system called ‘Nimbus by Northern Arc™’ (“Nimbus”) enables it to do this efficiently at scale.
Its AUM from three primary offerings increased at a CAGR of 56.12% over the last 10 years, and as of March 31, 2021, it had an AUM of Rs. 52.21 billion.
For more information, click www.northernarc.com
Northern Arc IPO GMP grey market premium, review, Subscription, allotment, listing
Northern Arc IPO Details |
|
IPO opens on | 16 September 2024 |
IPO closes on | 19 September 2024 |
Issue Type | Book Built Issue IPO |
Issue Size | 24543,727 Shares / Rs 777 Crore |
* Fresh Issue | 19011407 Shares / Rs 500 Crore |
* Offer for Sale | 10532320 Shares / Rs 277 Crore |
Face Value per share: | Rs. 10 |
Price Band | Rs. 249-263 |
Retail Discount | Rs 0 per share |
Employee discount | Rs. 0 per share |
Retail Lot Size | 57 Shares |
Listing will at | BSE, NSE |
Shares offered in Northern Arc? | Shares | Rs. in Crore |
QIB (50 %) | 12271864 | 388.50 |
NII (15 %) | 3681559 | 116.55 |
RII (35 %) | 8590304 | 271.95 |
– | – | |
Total Shares | 24543727 | 777 |
Retail portion will be oversubscribed by | 150707 Forms. | |
How to apply in Northern Arc IPO? |
Amount Rs. |
|
Min Retail Application | 57 Shares | 14991 |
Max Retail Application | 741 Shares | 194883 |
Small HNI (Min) application | 798 Shares | 209874 |
Small HNI (Max) application | 3762 Shares | 989406 |
Big HNI Application | 3819 Shares | 1004397 |
What is the timetable of Northern Arc IPO? |
|
IPO opens on | 16 September 2024 |
IPO Closes on | 19 September 2024 |
IPO Allotment on | 20 September 2024 |
Unblocking of ASBA | 23 September 2024 |
Credit of Shares | 23 September 2024 |
Listing on | 24 September 2024 |
Registered Office of the company | |
No. 1, Kanagam Village, 10th Floor, IITM Research Park, Taramani, Chennai 600 113 | |
Lead Managers of the IPO Axis Capital , Credit Suisse Securities (India) , IIFL financial Services, SBI Capital Markets |
|
Registrar to IPO | |
Kfin Technologies India pvt ltd |
Northern Arc IPO Financial & Analytical Ratios |
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Year | Total Income | Net Profit | EPS | RoNW |
Rs. in Crore | Rs.in Cr | Rs. | % | |
2021-22 | – | |||
2022-23 | ||||
2023-24 | – | |||
Book Value of the Share on 31.03.2024 |
Rs. | |||
BV after the IPO | Rs. | ? | ||
Offer Price at Cap | Rs. | 263 |
Northern Arc IPO
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|
Price /EPS | ? |
Price/Book Value | 13.69 |
Price/BV after IPO | ? |
How Northern Arc IPO compares with the Peers?
As on date of DRHP | FV | Total | PE |
Rs. | Income | Ratio of | |
Rs. In Cr | |||
Norther Arc | ? | ||
CreditAccess Grameen | 80.44 | ||
Spandana Sphoorty | 31.92 | ||
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