Northern Arc IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com,
A legacy of 31 Years.
India`s Oldest Investment & IPO website.
Most Trusted by Investors across India.
Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Northern Arc IPO?
The company will enter the capital market on 17th September and the IPO will close on 19th September. The listing is proposed on 24 September 2024. The price band and lot are expected to be announced in a day or two. The bidding for anchor investors will open for a day on September 13, according to the Red Herring Prospectus. The company will raise Rs. 500 crore by fresh issue of shares and there will be offer for sale of 1.05Crore equity shares.
What was the last GMP of Northern Arc IPO?
GMP Rs.
Northern Arc IPO Subscription Status
Northern Arc IPO SubscriptionsPrice Rs. ? Lot ? shares, Rs. ? Crore | |||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| – | – | – | – | – | – |
| Applications: – / (-x) Amount wise Bids recd. Rs. – Crore | |||||
Who are the promoters of Northern Arc IPO?
The Company is a professionally managed company and doesnot have an identifiable promoter
What are the Objects of Northern Arc IPO?
The Offer comprises of the Fresh Issue and an Offer for Sale.
The Company proposes to utilise the Net Proceeds towards augmenting the Company’s capital base to meet its future capital requirements.
What is the business of Northern Arc?
Northern Arc is a platform in the financial services sector set up primarily with the mission of catering to the diverse credit requirements of under-served households and businesses by providing efficient and reliable access to debt finance.
Registered with the RBI as a systemically important, non-deposit taking non-banking finance company
(“NBFC”), it has been operating in the financial inclusion space for over a decade. It is a leading player amongst India’s diversified NBFCs, with a business model diversified across offerings, sectors, products, geographies and borrower segments. It provides access to credit to under-served households and businesses directly and indirectly through its Originator Partners. It operates with a risk management framework that uses a combination of proprietary quantitative data analytics based on over 22 million unique data points and qualitative field-level insights that aid credit assessment and monitoring. Its proprietary integrated technology system called ‘Nimbus by Northern Arc™’ (“Nimbus”) enables it to do this efficiently at scale.
Its AUM from three primary offerings increased at a CAGR of 56.12% over the last 10 years, and as of March 31, 2021, it had an AUM of Rs. 52.21 billion.
For more information, click www.northernarc.com
Northern Arc IPO GMP grey market premium, review, Subscription, allotment, listing
Northern Arc IPO Details | |
| IPO opens on | August, 2024 |
| IPO closes on | August, 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs ? Crore |
| * Fresh Issue | ? Shares / Rs 300 Crore |
| * Offer for Sale | 36,520,585 Shares / Rs ? Crore |
| Face Value per share: | Rs. |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Northern Arc? | Shares | Rs. in Crore |
| QIB (75 %) | – | |
| NII (15 %) | – | – |
| RII (10 %) | – | – |
| – | – | |
| Total Shares | – | – |
| Retail portion will be oversubscribed by | 124296 Forms. | |
| How to apply in Northern Arc IPO? | Amount Rs. | |
| Min Retail Application | Shares | – |
| Max Retail Application | Shares | – |
| Small HNI (Min) application | Shares | – |
| Small HNI (Max) application | Shares | – |
| Big HNI Application | Shares | – |
What is the timetable of Northern Arc IPO? | |
| IPO opens on | August 2024 |
| IPO Closes on | August 2024 |
| IPO Allotment on | August 2024 |
| Unblocking of ASBA | August2024 |
| Credit of Shares | August2024 |
| Listing on | August2024 |
| Registered Office of the company | |
| No. 1, Kanagam Village, 10th Floor, IITM Research Park, Taramani, Chennai 600 113 | |
| Lead Managers of the IPO Axis Capital , Credit Suisse Securities (India) , IIFL financial Services, SBI Capital Markets | |
| Registrar to IPO | |
| Kfin Technologies India pvt ltd |
Northern Arc IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Crore | Rs.in Cr | Rs. | % | |
| 2021-22 | 3694 | -250 | -18 | -41 |
| 2022-23 | 3701 | 97.80 | 6.6 | 13.23 |
| 2023-24 | 4212 | 0.79 | 0.05 | – |
| Book Value of the Share on 31.03.2024 | Rs. | 49.60 | ||
| BV after the IPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 679 | ||
Northern Arc IPO | |
| Price /EPS | ? |
| Price/Book Value | 13.69 |
| Price/BV after IPO | ? |
How Northern Arc IPO compares with the Peers?
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Norther Arc | ? | ||
| CreditAccess Grameen | 80.44 | ||
| Spandana Sphoorty | 31.92 | ||
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Northern Arc IPO Review
Will update our review once the price band and lot are finalised
Size:
Financials:
Quicklinks
