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Northern Arc IPO listed @ Rs. 350

 

Northern Arc IPO GMP

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

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

Who are the promoters of Northern Arc IPO?   

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

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
Ratio Analysis

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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