Northern Arc Capital Limited was founded in March 1989. The company is a diversified financial services platform established primarily to meet the diverse credit needs of India’s underserved households and businesses. Over the last 15 years, the company’s objective has been to create a differentiated and comprehensive credit offering to retail customers across various sectors in India. Since 2009 the company entered the financial inclusion space, it has facilitated over ₹ 1.73 trillion worth of financing, which will benefit over 101.82 million people in India by March 31, 2024.
Northern Arc Capital IPO, a Mainline IPO of ₹777.00 Cr opens for subscription from 16-09-2024 to 19-09-2024. The IPO consists of ₹500.00 Cr fresh issue and ₹277.00 Cr offer for sale. The face value is Rs. 10 and the price band is fixed at 249.00-263.00 per share. You can apply to the Northern Arc Capital Mainline IPO for a minimum lot of 57 shares amounting of Rs. 14991. The tentative listing date on the exchange (BSE, NSE) is 24-09-2024.
Northern Arc Capital IPO Dates
The Northern Arc Capital IPO date is September 16 and the close date is September 19. The Northern Arc Capital IPO allotment will be finalized on September 20 and the IPO listing on September 24.
| IPO Activity | Date |
|---|---|
| IPO Open Date | 16-09-2024 |
| IPO Close Date | 19-09-2024 |
| Basis of Allotment Finalisation Date | 20-09-2024 |
| Refunds Initiation | 23-09-2024 |
| Credit of Shares to Demat Account | 23-09-2024 |
| IPO Listing Date | 24-09-2024 |
Northern Arc Capital IPO Details
| IPO Issue Opening Date: | 16th Sep 2024 |
| IPO Issue Closing Date: | 19th Sep 2024 |
| IPO Issue Price: | ₹249.00-263.00 Per Share |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Net Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹777.00 Cr |
| Offer for Sale: | ₹277.00 Cr |
| Fresh Issue: | ₹500.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:24.00 |
Northern Arc Capital IPO IPO Market Lot
The Northern Arc Capital IPO minimum market lot is 57 shares with ₹14,991 application amount. The retail investors can apply up-to 13 lots with 741 shares or ₹194,883 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 57 | ₹14,991 |
| Retail Maximum | 13 | 741 | ₹194,883 |
| S-HNI Minimum | 14 | 798 | ₹209,874 |
| B-HNI Minimum | 67 | 3,819 | ₹1,004,397 |
Northern Arc Capital IPO Company Financial Report
The company reported revenue of ₹1,906.03 crores in 2024 against ₹1,311.2 crores in 2023. The company reported a profit of ₹317.69 crores in 2024 against a profit of ₹242.21 crores in 2023.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹916.55 | ₹668.16 | ₹181.94 | ₹7,974.12 |
| 2023 | ₹1,311.2 | ₹988.10 | ₹242.21 | ₹9,371.57 |
| 2024 | ₹1,906.03 | ₹1,484.83 | ₹317.69 | ₹11,707.66 |
