Northern Arc Capital IPO is scheduled from Monday, September 16 to Thursday, September 19, 2024.
Northern Arc Capital IPO is a book built issue of Rs. 777.00 crores. The issue is combination of fresh issue of 1.9 crore equity shares aggregating to Rs. 500.00 and offer for sale of 1.05 crore shares aggregating to Rs. 277.00 crores. Price range of the IPO is set at Rs. 249 to Rs. 263 per equity shares with a face value of Rs. 10 each. The minimum order quantity is 57 equity shares, aggregating to Rs. 1,4,991.
The allotment of the IPO is expected to finalized on Friday, September 20, 2024. The IPO will list on NSE and BSE with tempting date fixed on Tuesday, September 24, 2024.
ICICI Securities Limited, Axis Capital Limited and Citigroup Global Markets India Private Limited are book running lead managers. Kotak Mahindra Bank Limited and HDFC Bank Limited is sponsor bank to the IPO. KFin Technologies Limited is registrar to the issue.
Objects of the issue:-
The Company proposes to utilize the Net Proceeds to meet future capital requirements toward onward lending.
Financials:-
Northern Arc Capital Limited’s revenue increased by 45% and profit after tax (PAT) rose by 31% between the financial year ending with March 31, 2024 and March 31, 2023.
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Net Worth | 2,314.35 | 1,955.39 | 1,739.04 |
| Revenue | 1,906.03 | 1,311.2 | 916.55 |
| PAT | 317.69 | 242.21 | 181.94 |
| Total Borrowing | 9,047.76 | 7,034.57 | 5,982.96 |
About Northern Arc Capital Limited (https://www.northernarc.com/) –
Northern Arc is a diversified financial services platform set up primarily with the mission of catering to the diverse retail credit requirements of the under-served households and businesses in India. It is registered with the Reserve Bank of India as a Non-Banking Finance Company and over the last 14 years, created a differentiated and comprehensive play on the retail credit ecosystem in India.
Since 2009, Northern Arc has facilitated financing of over ₹1.50 trillion that has impacted over 80.59 million lives across 682 districts, 28 states & 7 union territories.
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