September 16, 2024 - September 19, 2024

Northern Arc Capital IPO Review & Recommendations

BP Equities (BP Wealth), Canara Bank Securities Ltd, Dilip Davda, GEPL Capital Ltd, HENSEX Securities, Indsec Securities, KR Choksey Securities Ltd, Marwadi Shares and Finance Ltd, Nirmal Bang, SBICAP Securities Limited, SMIFS Limited and Ventura Securities Limited have given "Apply" recommendation to Northern Arc Capital IPO. Capital Market has given "May Apply" recommendation to Northern Arc Capital IPO.

Northern Arc Capital IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	12	1	0	0	0
%	92.31	7.69	0.00	0.00	0.00

Northern Arc Capital IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
BP Equities (BP Wealth)	Apply
Canara Bank Securities Ltd	Apply
Capital Market	May Apply
Dilip Davda	Apply
GEPL Capital Ltd	Apply
HENSEX Securities	Apply
Indsec Securities	Apply
KR Choksey Securities Ltd	Apply
Marwadi Shares and Finance Ltd	Apply
Nirmal Bang	Apply
SBICAP Securities Limited	Apply
SMIFS Limited	Apply
Ventura Securities Limited	Apply

Northern Arc Capital IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Northern Arc Capital IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	45	May subscribe

Northern Arc Capital IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is a niche player on diversified financial services platforms. It has posted steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears reasonably priced. The company is poised for bright prospects ahead. Investors may park funds for the medium to long term. Read detail review...

Northern Arc Capital IPO Peer Comparison

Northern Arc Capital Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Northern Arc Capital Limited	34.61	23.4	177.06		13.32		Consolidated
Five-star Business Finance Ltd	28.64	28.39	177.68	26.76	16.09	4.29	Consolidated
SBFC Finance Limited	2.35	2.3	25.87	36.64	8.53	3.36	Consolidated
Creditaccess Grameen Ltd	90.88	90.41	1,809.93	13.12	5.01	0.66	Consolidated
Fusion Micro Finance Ltd	50.3	50.11	281.93	6.21	17.74	1.11	Consolidated
Bajaj Finance Limited	236.89	235.98	1,239.03	30.93	18.84	5.89	Consolidated
Cholamandalam Investment And Finance Company Ltd	41.17	41.06	233.26	36.22	17.46	6.38	Consolidated
Poonawalla Fincorp Limited	21.89	21.63	105.44	17.81	20.6	3.67	Consolidated
Mas Financial Services Ltd	15.31	15.31	108.71	18.55	14.08	2.63	Consolidated

Notes:

Financial information of Northern Arc Capital Limited is derived from the Restated Consolidated Summary Statements as certified by the M/s Kumbhat & Co, Chartered Accountants, pursuant to their certificate dated September 9, 2024.
Data for peers is taken from annual reports or financial results of the peer companies for the Financial Year 2024 and submitted to stock exchanges.
All the financial information for the listed industry peers mentioned above is on a consolidated basis.
The P/E ratio is calculated as the closing share price as of September 4, 2024, divided by the diluted EPS for the year ended March 31, 2024.
Diluted EPS refers to the diluted EPS sourced from the financial statements of the respective peer group companies for the Financial Year ended March 31, 2024.
NAV per Equity Share represents total equity attributable to the equity shareholders as of the end of the Financial Year ended March 31, 2024, divided by the number of Equity Shares (i.e., equity shares and instruments entirely equity in nature) outstanding at the end of the year.
RoNW is computed as consolidated profit after tax for the year as a percentage of the closing Net Worth of the Financial Year ended March 31, 2024.

Northern Arc Capital IPO Review by Members

Northern Arc Capital IPO Reviews, analysis and views by popular members. Read Northern Arc Capital Limited IPO reviews by retail investors to find recommended ipo to buy.

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Northern Arc Capital IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	4	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
Bala murali	Apply for Long Term at Cut-off Price 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
MrHumble	Apply for Long Term at Cut-off Price Well managed company with very good track record. Valuations are cheap in this expensive market. Good prospects. September 11, 2024 2:37:05 PM
parmod gupta IPO Mentor (500+ Posts, 300+ Likes)	Apply for Long Term at Cut-off Price Must apply for long term and listing gain September 16, 2024 7:57:12 PM
Utsahi	Apply for Listing Gain at Upper Price Band Apply Material or Sodhani issue. Allotment chance very low as tommorrow will subscribe material 70 times and sodhani 40 atleast for 2 L as bajaj money). Best chance next week invest in northern arch(2L) last date 19 western (15)last date 18 and arcade (15k)last 19. BRLM, Two Three year pat covers ipo size, professional management and good corporate governance. September 12, 2024 11:15:14 PM

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1 Comments

1. Noobnow Link|September 19, 2024 12:10:06 AM

If we get allotment of sme ipo can we sell it on the listing day or not or the money is stuck for 1 year?

1.1. Reena @ Team Chittorgarh.com Link|October 10, 2024 4:57:43 PM

Greetings Sir,

Yes, you can sell the allotted SME IPO shares on or after listing date. There is no lock-in for retail and NII investors except for anchor investors.

Regards.