Northern Arc Capital Limited IPO
Northern Arc Capital Limited IPO
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Northern Arc Capital Limited's successfully transitioned to public market status with its listing on NSE, BSE on 24-09-2024. The IPO mobilized 2,95,97,646 Shares in cumulative capital, including 1,90,65,326 Shares for corporate expansion and ₹276.50 Cr for shareholder liquidity management.
The public offering was conducted within the price parameters of ₹249 to ₹263, with minimum investment lots of 57 shares. subscription activity between 16-09-2024 and 19-09-2024 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on 20-09-2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Northern Arc IPO About Company
Northern Arc Capital Limited, established in 2009, focuses on providing financial support to underserved households and businesses across India through a diverse range of lending solutions. By March 31, 2024, it had facilitated over ₹1.73 trillion in financing, reaching more than 101.82 million people. The company specializes in sectors like MSME finance, microfinance, consumer finance, vehicle finance, affordable housing, and agriculture finance. With a total AUM of ₹1,136,139.11 million, Northern Arc operates through multiple channels, including direct lending, retail lending, and placements. It also manages ₹120,785.58 million in assets through AIFs and PMS funds. Backed by advanced technology platforms like Nimbus and AltiFi, and a workforce of 2,695 employees, Northern Arc continues to drive financial inclusion and business growth across India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Northern Arc IPO Strength Factors
- Growing Market Potential: Well-placed to benefit from India’s expanding retail credit market, especially in rural and semi-urban regions.
- Strong Network of Partners: Works with 328 Originator Partners, 50 Retail Lending Partners, and 1,158 Investor Partners, creating a solid business ecosystem.
- Cutting-Edge Technology: Uses advanced tech solutions to enhance scalability and efficiency in lending and financial services.
Northern Arc IPO Risk Factors
- Multiple Sector Risks: Operating in various industries means Afcons faces different challenges. If not managed well, these risks could impact its business.
- Rising Bad Loans: If borrowers fail to repay, non-performing assets (NPAs) could increase, leading to financial losses.
- Risky Investments: A significant part of Afcons' investments is in unsecured and subordinated debt, making it more vulnerable to credit risks.
Northern Arc IPO Lead Manager(s)
- ICICI Securities Limited
- Axis Capital Limited
- Citigroup Global Markets India Private Limited
Northern Arc IPO Promoter(s)
NA
Northern Arc IPO FAQs
Northern Arc Capital Limited IPO subscribed 114.16 times. The public issue subscribed 32.49 times in the retail category,242.73times in QIB, and 160.48 times in the HNI (10+) category byNovember 20, 2025 6:14:42 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Northern Arc IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Northern Arc IPO FAQs
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