The Northern Arc Capital IPO minimum market lot is 57 shares with ₹14,991 application amount. The Northern Arc Capital IPO is a Mainline IPO, and it is to be listed on BSE & NSE.
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. Since 2009, when They entered the financial inclusion space, we have facilitated the financing of over ₹1.73 trillion which has impacted over 101.82 million lives across India, as of March 31, 2024. As per the reports, Northern Arc is one of the leading players amongst India’s diversified NBFCs in terms of Assets under Management (“AUM”) as of March 31, 2024, with a business model diversified across offerings, sectors, products, geographies, and borrower categories. The company has also developed an efficient and scalable business model which provides an end-to-end integrated technology product suite customized to multiple sectors.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Northern Arc Capital IPO Subscription Status – Day 2
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
| QIB | 0.02 | 0.20 | 0.32 | 242.73 |
| NII | 4.65 | 22.54 | 52.81 | 147.51 |
| bNII | 4.12 | 21.17 | 52.98 | 160.48 |
| sNII | 5.71 | 25.28 | 52.46 | 121.58 |
| RII | 4.07 | 11.28 | 19.87 | 31.84 |
| Total | 3.06 | 10.59 | 21.47 | 117.09 |
Northern Arc Capital IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Northern Arc Capital IPO Review
- Avoid
Northern Arc Capital IPO Form
How to apply for the Northern Arc Capital IPO? You can apply for Northern Arc Capital IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Northern Arc Capital IPO in the Invest section. The other option is you can apply for Northern Arc Capital IPO via IPO forms downloaded online. Check out the Northern Arc Capital forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
