Northern Arc Capital IPO is to open on September 16, 2024. Northern Arc Capital is a Mainline IPO to raise ₹777 crores via IPO. The Northern Arc Capital IPO price band is fixed at ₹249 to ₹263 with a market lot of 57 Shares.
Northern Arc Capital Limited is a diversified financial services platform set up primarily with the mission of catering to the diverse retail credit requirements of the under-served households and businesses in India. Last 15 years, the company’s approach has been to create a differentiated and comprehensive play on the retail credit ecosystem in India spread across sectors. They have designed new domain expertise in enabling credit across our focused sectors in India, such as micro, small, and medium enterprises (MSMEs) financing, microfinance (MFI), consumer finance, vehicle finance, affordable housing 265 finance, and agricultural finance. They have been operating in the MSME, MFI, and consumer finance sectors for over 14 years, 15 years, and nine years, respectively.
Northern Arc Capital IPO GMP Live Rates day by day with Kostak rates.
| Date | IPO GMP | Kostak | Subject to |
| Today | ₹150 | ₹300 | ₹5,000 |
| 23 September | ₹150 | ₹300 | ₹5,000 |
| 21 September | ₹150 | ₹300 | ₹5,000 |
| 20 September | ₹150 | ₹300 | ₹5,000 |
| 19 September | ₹160 | ₹500 | ₹7,000 |
| 18 September | ₹200 | ₹300 | ₹7,000 |
| 17 September | ₹175 | ₹400 | ₹6,000 |
| 16 September | ₹150 | ₹- | ₹5,000 |
| 15 September | ₹150 | ₹- | ₹4,000 |
| 14 September | ₹120 | ₹- | ₹4,000 |
| 13 September | ₹- | ₹- | ₹- |
| 12 September | ₹- | ₹- | ₹- |
| 11 September | ₹- | ₹- | ₹- |
Northern Arc Capital IPO Details
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 19, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹249 to ₹263 Per Share |
| Issue Size: | Approx ₹777 Crores |
| Fresh Issue: | Approx ₹500 Crores |
| Offer for Sale: | Approx 10,532,320 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Northern Arc Capital IPO Dates
| IPO Open Date: | September 16, 2024 |
| IPO Close Date: | September 19, 2024 |
| Basis of Allotment: | September 20, 2024 |
| Refunds: | September 23, 2024 |
| Credit to Demat Account: | September 23, 2024 |
| IPO Listing Date: | September 24, 2024 |
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Disclaimer:
- IPO Grey Market Premium (Northern Arc Capital IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
- Do not subscribe for IPO by just seeing the premium Price as it may change anytime before listing. Subscribe only considering the fundamentals of the companies.
One Response
Very good