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Clear AllBidding Date
16-Sep-2024 to
19-Sep-2024
Issue Size
₹777 Cr
Price Band
₹249 to ₹263
Allotment date
20-Sep-2024
Listing date
24-Sep-2024
Lot size
57
No. of shares
2,95,43,727
Fresh issue/OFS
₹500 Cr/₹277 Cr
Founded in 2009, this company is a diversified financial services platform with the primary mission of addressing the retail credit needs of underserved households and businesses in India. It operates a multi-channel approach that includes Lending, Placements, and Fund Management. The Lending division provides direct and indirect loans to micro, small, and medium enterprises (MSMEs), microfinance institutions (MFI), consumer finance, vehicle finance, affordable housing, and agricultural sectors. Over the past 15 years, it has facilitated over ?1.73 trillion in financing, impacting over 101.82 million lives across India as of March 31, 2024. Its Placements channel offers structured debt and portfolio financing through a large network of investors, while its Fund Management arm manages debt funds and portfolio management services, providing capital to mid-market companies and Originator Partners. The company is supported by a proprietary technology stack, which enables efficient debt transactions and underwriting processes.
Read our in-depth analysis of the Northern ARC Capital Ltd. IPO Here
Category
Status
QIBs
240.8x
NIIs
142.1x
Retail
30.5x
Others
7.1x
Total
110.5x
The issue size of Northern ARC Capital is ₹777.00 Cr.
Northern ARC Capital falls into Non-banking Financial Services industry.
The Northern ARC Capital IPO will be listed on both NSE and BSE.
The open and close dates for the Northern ARC Capital are 16-Sep-2024 & 19-Sep-2024.
The price band for the Northern ARC Capital ipo is ₹249 to ₹263
The listing date of Northern ARC Capital IPO is 24-Sep-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Northern ARC Capital total subscription ratio is 110.5X.
Key financial of the Northern ARC Capital are:
| Northern ARC Capital | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 1890.08 | 1306.8 | 909.54 |
| EBIT (₹ Cr) | 904.87 | 875.93 | 652.52 |
| Proft after Tax (₹ Cr) | 317.69 | 242.21 | 181.94 |
| Debt (₹ Cr) | 9047.76 | 7034.57 | 5982.96 |
| Net Worth (₹ Cr) | 2320.41 | 2067.73 | 1832.11 |
| RoE (%) | 13.69 | 11.71 | 9.93 |