Northern ARC Capital Limited IPO

3.5 Mainboard Live

Offer Date: Sep 16, 2024 - Sep 19, 2024

Exp. Premium: 160-162 (60.84%)

₹ 14991 /57 Shares

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Northern ARC Capital IPO Live Subscription Details

Date

18 Sep 2024,05:00:00 PM

QIBs

0.31

NII

NII (bids above ₹10L): 51.09x
NII (bids below ₹10L): 50.22x
NII Total: 50.80

Retail

18.97x

Employee

4.32x

Total

20.18 times

Northern ARC Capital IPO Details

16 Sep, 2024

Open Date

19 Sep, 2024

Close Date

20 Sep, 2024

Allotment Date

24 Sep, 2024

Listing Date

Issue Price

₹249-263 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Market Lot

Retail : 57 Shares (₹14,991/-)
S-HNI : 798 Shares (₹2,09,874/-)
B-HNI : 3,819 Shares (₹10,04,397/-)

Lead Manager

ICICI Securities Limited
Axis Bank Limited
Citigroup Global Markets India Private Limited

Issue Size

Total ₹777.00 Cr :
#Fresh Issue : 19,011,407 shares(aggregating up to ₹500.00 Cr) +
#OFS : 10,532,320 shares of ₹10(aggregating up to ₹277.00 Cr)

Retail Portion

35% (Number of Retail Applications: 1,78,112 Approx),
(Number of S-HNI Applications : 1,817 Approx),
(Number of B-HNI Applications : 3,635 Approx)

Subscription

20.18 times

IPO Docs

DRHP RHP ANCHOR

Northern ARC Capital IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	5,801,354	4,351,016 2,900,678 1,450,338	10,152,384	20,304,754
Day 1 - 16-09-24 05:00 PM	0.02 x	4.47 3.97 x 5.46 x	3.86 x	2.86 x
Day 2 - 17-09-24 05:00 PM	0.20 x	21.72 20.41 x 24.34 x	10.84 x	9.99 x
Day 3 - 18-09-24 05:00 PM	0.31 x	50.80 51.09 x 50.22 x	18.97 x	20.18 x

Total No. of Applications: 39,93,558 (Approx)

Northern ARC Capital Valuations

EPS Pre IPO

22.32

EPS Post IPO

19.69

P/E Pre IPO

11.78

P/E Post IPO

13.36

RoNW

13.32

Northern ARC Capital Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	11,707.66	9,371.57	7,974.12
Revenue	1,906.03	1,311.2	916.55
Profit After Tax	317.69	242.21	181.94

About The Company

Northern Arc Capital, founded in 1989, is a non-bank financial institution that specialises in meeting the credit needs of underserved families and enterprises by providing loan financing. They are one of the most well-known diversified NBFCs in India. Microfinance, MSME financing, auto finance, consumer finance, and affordable housing finance are some of the industries in which Northern Arc works.

Northern ARC Capital - Strength and Weakness

Strength

The NBFC has a growing and diverse pool of Originator Partners and Investment Partners from a variety of industries.

Their Nimbus technology system, which they developed themselves, enables them to expand their commercial options while also improving productivity.

Geographically, in terms of offers, products, and borrower groups, they are quite diverse.

Over the decades that they have been in business, they have refined and enhanced their risk management method.

Weakness

Any disruptions in the NBFC's funding sources will have a significant impact on the company's operations.

Northern Arc is exposed to highly high-risk borrowers, and any large-scale defaults in this sector will have a negative impact on the company's financials and operations.

n India, the microfinance industry is highly regulated, and any bad changes in this sector would have an impact on the business.

Northern ARC Capital - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Northern Arc	1.49	13.36	13.32%	1,906
Five-Star Business	4.25	24.5	7.5%	2,369
SBFC Finance	3.31	34.4	10.5%	1,086
CreditAccess Grameen	3.08	13.4	24.8%	5,509
Fusion Micro	1.09	8.89	19.6%	2,474
Bajaj Finance	5.97	30.6	22.1%	58,567
Cholomandalam Investment	6.78	36.3	20.2%	20,870
Poonawalla Fincorp	3.75	25.2	13.9%	3,394
MAS Financial	2.63	19.6	15.2%	1,357

Northern ARC Capital - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Northern ARC Capital IPO - Issue Objectives

The company proposes to utilize the Net Proceeds to meet future capital requirements toward onward lending.

Northern ARC Capital IPO - Anchor Investors

Northern Arc Capital gets Rs 229 cr from anchor investors.

SBI General Insurance Company, SBI Life Insurance Company, Reliance General Insurance Company, Kotak Mahindra Life Insurance Company, Goldman Sachs (Singapore) Pte, Societe Generale, and Quant Mutual Fund are among the anchor investors.

Other Details

Company Contact Details

Northern ARC Capital

No. 1, Kanagam Village 10th Floor, 10th Floor, IITM Research Park Taramani, Chennai - 600 113

Phone: +91 44 6668 7000

Email: investors@northernarc.com

Website: http://www.northernarc.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: nacl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Northern ARC Capital IPO - FAQs

Ans. Northern ARC Capital Limited IPO is a Mainboard IPO. The issue is priced at ₹249-263 per equity share. The minimum order quantity is 57 Shares. The IPO opens on Sep 16, 2024, and closes on Sep 19, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Northern ARC Capital Limited IPO opens on Sep 16, 2024 and closes on Sep 19, 2024.

Ans. The size of Northern ARC Capital Limited IPO is Total ₹777.00 Cr : #Fresh Issue : 19,011,407 shares(aggregating up to ₹500.00 Cr) + #OFS : 10,532,320 shares of ₹10(aggregating up to ₹277.00 Cr).

Ans. The IPO price band is set between ₹249-263 per equity share.

Ans. To apply for Northern ARC Capital Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Northern ARC Capital Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Northern ARC Capital Limited IPO is Sep 20, 2024.

Ans. The Northern ARC Capital Limited IPO will be listed on Sep 24, 2024.

Ans. Follow the steps to check the allotment status for Northern ARC Capital Limited IPO here.

UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.

Northern ARC Capital Limited IPO

Offer Date	Sep 16 - Sep 19, 2024
Offer Price	₹ 249-263
Lot Size	57

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