Northern Arc Capital IPO Allotment Status: Steps to check status on NSE, Kfin Technologies & latest GMP

Northern Arc Capital IPO Allotment Status: Northern Arc Capital shares will be listed on Tuesday, 24th September. The current GMP indicates a listing premium of nearly 50 percent.

Northern Arc Capital IPO Allotment Status

Northern Arc Capital IPO share allotment status is expected to be finalized today. The mainboard issues saw strong demand for the initial share sale on the last day of subscription on September 19.

The initial public offer of the non-banking financial company (NBFC) was booked 110.91 times. The QIBs booked their quota 240.79 times, while the NIIs subscribed to their category 142.41 times. The issue was subscribed over 31 times in the retail segment. The employees booked their quota 7.33 times.

The investors, who participated in the subscription of the mainboard issue, now await the share allotment status to be finalized by the company. Here are the steps to check the share allotment status of Northern Arc Capital IPO on the websites of the issuing registrar, BSE, and NSE.

Use of Proceeds

The funds raised from the fresh issue will be directed towards meeting the company’s future capital needs, primarily for onward lending.

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Company Overview

Northern Arc Capital, headquartered in Chennai, is a registered systemically important non-deposit-taking non-banking financial company (NBFC) with over a decade of experience in financial inclusion. The company is known for its diversified business model across various sectors, products, and geographies, offering credit access to underserved households and businesses through direct and partner channels.

Important Information

Issue Size: Rs 777 crore
Price Band: Rs 249-263 per share
Subscription Rates:
- QIBs: 240.79 times
- Non-institutional Investors: 142.28 times
- Retail Investors: 30.74 times
Book-Running Lead Managers: ICICI Securities, Axis Capital, and Citigroup Global Markets India.

Northern Arc Capital’s successful IPO subscription underscores strong investor confidence and highlights the growing interest in diversified financial services.

Direct link to check Northern Arc Capital IPO status on KFin Tech

Step 1: Open the direct link to the registrar on this URL (https://evault.kfintech.com/ipostatus/).

Step 2: Select the company from the dropdown menu.

Step 3: Investors can check the allotment status by filling in details like PAN, Application number, or DP client ID.

Step 4: Press the Submit button

Step 5: The allotment status will be shown in the window

Direct link to check Northern Arc Capital IPO status on BSE

Step 1: Open the website of the Bombay Stock Exchange (BSE).

Step 2: Click on the 'Investors' option.

Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.

Step 4: Click on 'Application Status Check'.

Step 5: Select Equity in the issue type.

Step 6: Fill in the required details including the 'Issue Name'.

Step 7: Enter PAN number and click on Search to view the status

Northern Arc Capital IPO details

Northern Arc Capital's IPO was valued at ₹ 777 crore. The public offering consisted of a fresh issue of 1.9 billion shares aimed at raising ₹ 500 crore and an offer for sale of 1.05 billion shares worth ₹ 277 crore.

Northern Arc Capital's IPO price was set at ₹ 249-263 per share. The minimum lot size for Northern Arc Capital's IPO was 57 shares with an investment value of ₹ 14,991.

Northern Arc Capital plans to use the net proceeds to meet future capital requirements for additional loan originations.

Northern Arc Capital Limited was founded in 2009 and provides loans to micro, small, and medium enterprises (MSMEs), microfinance (MFIs), consumer, automobile, social housing, and agriculture finance. Between FY22 and FY24, the company saw an annual growth of 18% in assets under management and a 20% increase in profits. Moreover, the Indian retail lending market is expected to grow at a CAGR of 17-18% between FY24 and FY26 to reach Rs 100.9 trillion, which could benefit the company.