Northern ARC Capital Ltd
Price Range
₹249 - ₹263
Min. Quantity
57
Closes on
19 September 2024
Min. investment
₹14,991/741 Shares
Northern ARC Capital Ltd IPO Timeline
Northern ARC Capital Limited (Formerly known Highland Leasing & Finance Private Limited) was incorporated on March 9, 1989 as a Private Limited Company by the Registrar of Companies, Tamil Nadu at Chennai. The name of Company was changed to IFMR Capital Finance Private Limited' on June 19, 2009. Subsequently, the Company was converted into a Public Limited Company and the name of Company was changed to IFMR Capital Finance Limited' on December 12, 2017 and finally to Northern Arc Capital Limited' through a fresh Certificate of Incorporation dated February 20, 2018 issued by RoC. The Company has obtained Revised Certificate dated March 8, 2018 for Change in Name.
| Event | Date |
|---|---|
| Northern ARC Capital Ltd IPO Opening Date | 16 September 2024 |
| Northern ARC Capital Ltd IPO Closing Date | 19 September 2024 |
| Basis of Allotment | 20 September 2024 |
| Initiation of Refunds | 23 September 2024 |
| Credit of Shares to Demat | 23 September 2024 |
| Northern ARC Capital Ltd IPO Listing Date | 24 September 2024 |
Northern ARC Capital Ltd IPO Details
| Northern ARC Capital Ltd IPO Date | 16 September 2024 to 19 September 2024 |
| Northern ARC Capital Ltd IPO Face Value | ₹10 per share |
| Northern ARC Capital Ltd IPO Price | ₹249 to ₹263 per share |
| Northern ARC Capital Ltd IPO Lot Size | 57 |
| Issue Size | Shares of ₹10 (aggregating up to ₹777 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹500 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹277 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 58,48,056 of the Net Offer |
| Retail Shares Offered | Not less than 1,05,27,552 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 45,11,808 of the Net Offer |
| Company Promoters |
Northern ARC Capital Ltd IPO Lot Size
The Northern ARC Capital Ltd IPO lot size is 57 shares. A retail-individual investor can apply for up to 13 lots (741 shares or ₹1,94,883).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 57 | ₹14,991 |
| Maximum | 13 | 741 | ₹1,94,883 |
- Strengths
- Risks
- Opportunities
- Large addressable and underpenetrated market with strong sectoral expertise.
- Large ecosystem of partners and data and technology platform creating strong network effects.
- Proprietary technology product suite transforming the debt market ecosystem.
- Robust risk management based on domain expertise, proprietary risk models and data repository driving asset quality.
- Diversified sources of funding for its own deployment and proactive liquidity management.
- Professional management team supported by an experienced Board and marquee investors driving high standards of governance.
- Strong ESG framework integrated into the business model with focus on creating sustainable impact and climate-smart lending.
Company Financials
Northern ARC Capital Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 11,619.57 | 1,844.32 | 280.17 |
| 03-2023 | 9,204.74 | 1,257.87 | 225.36 |
| 03-2022 | 7,835.21 | 874.12 | 163.73 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Augmenting the Capital base of the Company
Northern ARC Capital Ltd IPO Promoter Holding
| Pre Issue Share Holding | - |
| Post Issue Share Holding | - |
Northern ARC Capital Ltd IPO Subscription Status (Bidding Detail)
The Northern ARC Capital Ltd IPO is subscribed 110.91 times on 19 September 2024 05:00:00 PM. The public issue subscribed 31.08 times in the retail category, 240.79 times in the QIB category, and 142.41 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 240.79 | 142.41 | 31.08 | 7.33 | 110.91 |
Northern ARC Capital Ltd IPO Prospectus
Northern ARC Capital Ltd IPO Listing Date
| Listing Date | 24 September 2024 |
| BSE Script | 544260 |
| NSE Symbol | NORTHARC |
| Listing In | BSE, NSE |
| ISIN | INE850M01015 |
| IPO Price | ₹263 |
| Face Value | ₹10 |
Company Contact Information
No. 1 Kanagam Village 10th FlrIITM Research Park Taramani,Chennai-600113
Phone: +91-44-66687000
Email: investors@northernarc.com
Website: www.northernarc.com
Northern ARC Capital Ltd IPO Registrar
Northern ARC Capital Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- ICICI Securities Ltd
- Citigroup Capital Markets India Pvt Ltd
FAQ
What is the issue size of Northern ARC Capital Ltd IPO?
I have pre-applied for Northern ARC Capital Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.