Northern Arc Capital Limited
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Company Fin.
₹131(49.81%)
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Northern Arc Capital Limited's successfully transitioned to public market status with its listing on NSE, BSE on Sep 24, 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 Sep 16, 2024 and Sep 19, 2024 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Sep 20, 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 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."
- 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.
- 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.
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