Northern Arc IPO (Northern Arc Capital Limited IPO)
Northern Arc IPO open for bidding on 16th September 2024 and ends on 19th September 2024.
Northern Arc Capital Limited, a non-banking financial company (NBFC), was established in 1989 to provide diversified financial services across India. The company focuses on addressing the credit gap for underserved segments, including microfinance, affordable housing, and small businesses. Utilizing technology and data-driven models, Northern Arc delivers tailored financial solutions to these sectors.
The company operates without an identifiable promoter, ensuring a professionally managed and transparent structure. Northern Arc’s strong emphasis on risk management and sustainable growth has attracted partnerships with prominent global investors like LeapFrog and Sumitomo Mitsui Banking Corporation.
Northern Arc’s digital platform connects borrowers with investors, offering customized financial products aimed at enhancing financial inclusion while balancing risk and returns.
For more details refer to Northern Arc IPO RHP and Northern Arc IPO Pulse Score
Northern Arc IPO Details
| IPO Date | 16th September 2024 to 19th September 2024 |
| Listing Date | 24th September 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹249 to ₹263 per share |
| Lot Size | 57 Shares |
| Total Issue Size | 3,01,80,321 shares (aggregating up to ₹777.00 Cr) |
| Fresh Issue | 1,96,48,001 shares (aggregating up to ₹500.00 Cr) |
| Offer for Sale | 1,05,32,320 shares of ₹10 (aggregating up to ₹277.00 Cr) |
| Employee Discount | ₹24 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 87,02,031(28.8%) |
| QIB | 58,48,056(19.4%) |
| NII | 45,11,808(14.9%) |
| bNII | 30,07,872(10%) |
| sNII | 15,03,936(5%) |
| Retail | 1,05,27,552(34.9%) |
| Employees | 5,90,874(1.9%) |
| Total | 3,01,80,321(100%) |
Northern Arc IPO Timeline
| IPO Open | 16th September 2024 |
| IPO Close | 19th September 2024 |
| Basis Of Allotment | 20th September 2024 |
| Initiation of Refunds | 23rd September 2024 |
| Credit of Shares to Demat | 23rd September 2024 |
| Listing Date | 24th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹4242.86 Cr | P/E Ratio- Pre IPO | 11.78 |
| RoNW | 13.32% | P/E Ratio- Post IPO | 13.36 |
| RoCE | – | P/B Ratio | 1.49 |
| Debt to Equity | 3.9 | PAT Margin% | 16.67% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
Northern Arc IPO Objectives
The company proposes to utilize the Net Proceeds to meet future capital requirements towards onward lending.
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