Bala murali IPO Review

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IPO Reviews by Bala murali

IPO	Review
Northern Arc Capital Limited IPO	Apply Company has well diversified loan book Its serving MSME loans, MIF loans, Consumer durable loans, Vehicle finance and Agri loans. They are maintaining low GNPA & NNPA's with the diversified loan book. From history i found that vehicles loans GNPA & NNPA are on higher side and company now decreased the exposure to this sector and focusing on the consumer durable loans with very low NPA. Its values at ~1.5 time BV, i feel that re rating will be there (P/B~3-4) , it deserve good valuations. September 15, 2024 7:13:54 PM

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Company has well diversified loan book
Its serving MSME loans, MIF loans, Consumer durable loans, Vehicle finance and Agri loans. They are maintaining low GNPA & NNPA's with the diversified loan book.
From history i found that vehicles loans GNPA & NNPA are on higher side and company now decreased the exposure to this sector and focusing on the consumer durable loans with very low NPA. Its values at ~1.5 time BV, i feel that re rating will be there (P/B~3-4) , it deserve good valuations.

September 15, 2024 7:13:54 PM

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