Northern Arc Capital Shares could list at Rs 390 - 400 as the IPO was oversubscribed by 110 times overall and 30.74 times in retail investors' segment. The IPO received a strong response from public and current grey market premium is at Rs 128. The highest grey market premium noticed for this stock was Rs 200. The company raised funds in price band of Rs 249 - 263.

Please note that grey market premium keeps on changing and it should just be taken as an indicator for listing price of a stock. Many other factors on the listing day govern the price of IPO listing and only in live trading session, the price can adjust as per demand for a specific stock.

Northern Arc Capital's recent IPO has garnered impressive attention, reflecting robust investor confidence in the company. The IPO, which raised ₹777 crore, saw overwhelming demand, particularly from institutional investors, and was subscribed over 110 times. The offering included a fresh issue and an offer-for-sale component, with final allotments already confirmed. Investors can check their allotment status on designated platforms. Successful applicants will have their shares credited by September 23, while refunds for unsuccessful bids will also be processed on the same day. Northern Arc Capital is poised to list on September 24, underscoring its position as a pivotal player in the non-banking finance sector.

Impressive IPO Subscription Rates Reflect Strong Market Confidence

Institutional Investors Lead the Charge

The IPO of Northern Arc Capital, a key player in India’s non-banking finance sector, saw an overwhelming subscription rate of 110.71 times, driven primarily by institutional investors. The Qualified Institutional Buyers (QIBs) category was the standout performer, fetching a remarkable 240.79 times the subscription, showcasing the high level of confidence among professional investors in Northern Arc’s financial prospects.

Non-Institutional Investors and Retail Participation

Non-Institutional Investors (NIIs), often comprising high-net-worth individuals and corporate bodies, subscribed 142.28 times their allocated quota, underscoring the broader market's interest beyond institutional circles. Retail Individual Investors (RIIs) also showed considerable enthusiasm, with a subscription rate of 30.74 times, highlighting strong retail demand despite the relatively higher price band of the IPO.

Breakdown of the ₹777 Crore IPO Structure

Price Band and IPO Composition

The Northern Arc Capital IPO, valued at ₹777 crore, was priced between ₹249 and ₹263 per share. The offering was a mix of a fresh issue of shares worth ₹500 crore and an offer-for-sale valued at ₹277 crore. The fresh issue aims to bolster the company’s capital base, while the offer-for-sale provides an exit for existing shareholders.

Checking Allotment Status

Investors who participated in the IPO can check the allotment status on the KFin Technologies and National Stock Exchange (NSE) websites. This digital access ensures transparency and convenience, allowing investors to swiftly ascertain their allotment results.

Next Steps: Share Credit and Refund Timelines

Share Credit and Refund Process

Post-allotment, successful investors will see their shares credited to their Demat accounts on September 23. Simultaneously, refunds for those who did not receive allotment will be initiated on the same day. This swift turnaround reflects the streamlined processes that have become standard in today’s IPO environment.

Upcoming Listing on September 24

Northern Arc Capital’s shares are set to list on the stock exchanges on September 24. This listing will be a critical moment, providing a real-time assessment of market sentiment and setting the tone for the company’s future valuation.

Northern Arc Capital: A Key Player in Financial Inclusion

Company Overview

Northern Arc Capital Limited is a prominent diversified non-banking finance company (NBFC) focused on enhancing credit access for underserved households and businesses. With a commitment to bridging the gap in the financial services sector, Northern Arc plays a crucial role in driving financial inclusion across India’s diverse economic landscape.

Strategic Importance in the Market

The successful IPO not only reflects investor confidence but also positions Northern Arc as a significant player poised to leverage its new capital to expand and deepen its impact. As the company moves towards its listing, stakeholders will be closely watching its market performance, given the impressive demand and strategic importance of its services in the evolving financial ecosystem.

Northern Arc Capital IPO allotment: How to check online on Kfin Technologies

Visit Kfin Technologies's IPO status page- https://ris.kfintech.com/ipostatus/
Select 'Northern Arc Capital'
Fill in your application number/PAN/Demat account number