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Northern Arc Capital IPO is a book built issue of Rs 777.00 crores. The issue is a combination of fresh issue of 1.9 crore shares aggregating to Rs 500.00 crores and offer for sale of 1.05 crore shares aggregating to Rs 277.00 crores.
Northern Arc Capital IPO opens for subscription on September 16, 2024 and closes on September 19, 2024. The allotment for the Northern Arc Capital IPO is expected to be finalized on Friday, September 20, 2024. Northern Arc Capital IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, September 24, 2024.
Northern Arc Capital IPO price band is set at ₹249 to ₹263 per share. The minimum lot size for an application is 57 Shares. The minimum amount of investment required by retail investors is ₹14,991. The minimum lot size investment for sNII is 14 lots (798 shares), amounting to ₹209,874, and for bNII, it is 67 lots (3,819 shares), amounting to ₹1,004,397.
The issue includes a reservation of up to 590,874 shares for employees offered at a discount of Rs 24 to the issue price.
ICICI Securities Limited, Axis Bank Limited and Citigroup Global Markets India Private Limited are the book running lead managers of the Northern Arc Capital IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Northern Arc Capital IPO RHP for detailed information.
| IPO Date | September 16, 2024 to September 19, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹249 to ₹263 per share |
| Lot Size | 57 Shares |
| Total Issue Size | 29,543,727 shares (aggregating up to ₹777.00 Cr) |
| Fresh Issue | 19,011,407 shares (aggregating up to ₹500.00 Cr) |
| Offer for Sale | 10,532,320 shares of ₹10 (aggregating up to ₹277.00 Cr) |
| Employee Discount | Rs 24 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 142,314,010 |
| Share holding post issue | 161,325,417 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Offer |
Northern Arc Capital IPO opens on September 16, 2024, and closes on September 19, 2024.
| IPO Open Date | Monday, September 16, 2024 |
| IPO Close Date | Thursday, September 19, 2024 |
| Basis of Allotment | Friday, September 20, 2024 |
| Initiation of Refunds | Monday, September 23, 2024 |
| Credit of Shares to Demat | Monday, September 23, 2024 |
| Listing Date | Tuesday, September 24, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 19, 2024 |
Investors can bid for a minimum of 57 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 57 | ₹14,991 |
| Retail (Max) | 13 | 741 | ₹194,883 |
| S-HNI (Min) | 14 | 798 | ₹209,874 |
| S-HNI (Max) | 66 | 3,762 | ₹989,406 |
| B-HNI (Min) | 67 | 3,819 | ₹1,004,397 |
| Lot Size Calculator | |||
Northern Arc Capital Limited was founded in 2009 and offers retail loans to underserved households and businesses in India.
Northern Arc Capital's business model is diversified across different offerings, sectors, products, geographies, and borrower categories. As of March 31, 2024, the company has facilitated over Rs. 1.73 trillion worth of financing, reaching out to over 101.82 million people across India.
The company has expertise in lending across various focus sectors in India, especially in micro, small, and medium enterprise (MSME) finance, microfinance (MFI), consumer finance, vehicle finance, affordable housing finance, and agriculture finance. The company has been active in MSME finance for over 14 years, MFI finance for 15 years and consumer finance for nine years.
The company serves the retail lending market through a multi-channel approach that includes:
The company also has an end-to-end integrated technology product suite customized to multiple sectors. This includes an in-house technology stack consisting (i) Nimbus, a curated debt platform that enables end-to-end processing of debt transactions; (ii) nPOS, a co-lending and co-origination technology solution based on application programming interfaces (API); (iii) Nu Score, a customized machine learning based analytical module designed to assist originator partners in the loan underwriting process; and (iv) AltiFi, an alternative retail debt investment platform.
As of March 31, 2024, the company had 2,695 permanent employees.
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||
| Net Worth | 2,314.35 | 1,955.39 | 1,739.04 | |||||||||||||||||||||||||||
| Reserves and Surplus | 2,123.37 | 1,784.22 | 1,555.3 | |||||||||||||||||||||||||||
| Total Borrowing | 9,047.76 | 7,034.57 | 5,982.96 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The market capitalization of Northern Arc Capital IPO is Rs 4242.86 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 3.9 |
| RoNW | 13.32% |
| P/BV | 1.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 22.32 | 19.69 |
| P/E (x) | 11.78 | 13.36 |
The company proposes to utilize the Net Proceeds to meet future capital requirements toward onward lending.
Northern Arc Capital Limited
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: nacl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Northern Arc Capital IPO is a main-board IPO of 29,543,727 equity shares of the face value of ₹10 aggregating up to ₹777.00 Crores. The issue is priced at ₹249 to ₹263 per share. The minimum order quantity is 57 Shares.
The IPO opens on September 16, 2024, and closes on September 19, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Northern Arc Capital IPO using UPI as a payment gateway. Zerodha customers can apply in Northern Arc Capital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Northern Arc Capital IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Northern Arc Capital IPO opens on September 16, 2024 and closes on September 19, 2024.
Northern Arc Capital IPO lot size is 57 Shares, and the minimum amount required is ₹14,991.
You can apply in Northern Arc Capital IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Northern Arc Capital IPO will be done on Friday, September 20, 2024, and the allotted shares will be credited to your demat account by Monday, September 23, 2024. Check the Northern Arc Capital IPO allotment status.
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