Northern Arc Capital IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 28, 2024Let’s have a detailed review of the company and analytics of the Northern Arc Capital IPO release date, IPO offer price, subscription, Northern Arc Capital Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 5,000 Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
Northern Arc Capital IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Northern Arc Capital Share Price |
Northern Arc Capital IPO – Summary
They are a platform in the financial services sector set up primarily with the mission of catering to the diverse credit requirements of under-served households and businesses by providing efficient and reliable access to debt finance.
Registered with the RBI as a systemically important, non-deposit-taking non-banking finance company (“NBFC”), they have been operating in the financial inclusion space for over a decade. They are a leading player amongst India’s diversified NBFCs, with a business model diversified across offerings, sectors, products, geographies, and borrower segments.
This company DOES NOT HAVE AN IDENTIFIABLE PROMOTER. The lead managers to the issue are ICICI Securities Limited, Axis Capital Limited, and Citigroup Global Markets India Private Limited, and the Registrar to this issue is KFin Technologies Private Limited.
Northern Arc Capital IPO Date
The opening and the closing date of Northern Arc Capital IPO are not available yet.
Northern Arc Capital IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check Northern Arc Capital IPO LIVE Subscription
- Northern Arc Capital IPO LIVE Bid details on BSE
- Northern Arc Capital IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Northern Arc Capital IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Northern Arc Capital Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Northern Arc Capital IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
Northern Arc Capital IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
Northern Arc Capital IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
Northern Arc Capital IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Northern Arc Capital Share Price |
Northern Arc Capital IPO Grey Market Premium
The Northern Arc Capital Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Northern Arc Capital IPO – Company Overview
They provide access to credit to under-served households and businesses directly and indirectly through their Originator Partners. They operate with a risk management framework that uses a combination of proprietary quantitative data analytics based on over 22 million unique data points and qualitative field-level insights that aid credit assessment and monitoring.
Their proprietary integrated technology system called ‘Nimbus by Northern Arc™’ (“Nimbus”) enables them to do this efficiently at scale. Their digital initiatives earned them the ‘Best Digital NBFC of the Year’ award at the Economic Times BFSI Excellence Awards in Fiscal 2020 and “Excellence in Digital Execution for Process Innovation” at the MINT | TechCircle Business Transformation Awards 2021.
They focus on addressing a wide spectrum of the credit requirements of under-served households and businesses through their sectoral approach. They operate in focused sectors including microfinance, MSME finance, vehicle finance (includes commercial vehicle and two-wheeler finance), consumer finance, affordable housing finance, and agricultural supply chain finance.
Northern Arc Capital IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets |
1,03,711.59
|
93,715.72
|
79,741.16
|
56,971.65
|
| *Total Revenue |
8,448.78
|
13,112.00
|
9,165.45
|
6,852.87
|
| Total Expense |
6,452.21
|
9,881.02
|
6,681.56
|
5,852.90
|
| Profit After Tax |
1,500.87
|
2,422.14
|
1,819.38
|
765.96
|
Earnings per Equity Share (in Million)
| 30-Sep-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic |
16.19
|
25.85
|
19.52
|
7.71
|
| Diluted |
10.97
|
17.38
|
13.09
|
5.35
|
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 2,422.14 Million, Rs. 1,819.38 Million, and Rs. 765.96 Million respectively.
Northern Arc Capital IPO – Promoters
The Promoter of this company is:
- DOES NOT HAVE AN IDENTIFIABLE PROMOTER
List of Related Parties (Key Managerial Personnel)
- P.S. Jayakumar, Chairman, and Non-Executive Independent Director
- Dr. Kshama Fernandes, Managing Director, and Chief Executive Officer
- Michael Jude Fernandes, Non-Executive Nominee Director
- Samir Amrit Shah, Non-Executive Nominee Director
Northern Arc Capital IPO – Promoters Holding
- Pre Issue Share Holding – %
- Post Issue Share Holding – %
Northern Arc Capital IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 89,146,693 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Northern Arc Capital IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Their Company proposes to utilize the Net Proceeds towards augmenting their Company’s capital base to meet their future capital requirements.
2. Further, the Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges, enhancement of the Company’s brand name, and creation of a public market for their Equity Shares in India.
3. The main objects set out in the Memorandum of Association enable the Company to undertake its existing activities and the activities for which funds are being raised through the Fresh Issue.
Northern Arc Capital IPO – Business Strategy
- Expand access to finance for under-served households and businesses by growing and deepening their origination channels and investor reach as well as scaling their product suite
- Scaling up their technology system, Nimbus, to further improve customer experience and enhance efficiency
- Establishing technology and data-driven rural finance business through their newly incorporated subsidiary, Pragati
- Expand their fund management business
- Continue expanding their strategic focus on ESG
Northern Arc Capital IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Large, diversified, and growing base of Originator Partners and Investor Partners with demonstrated longterm relationships that present network effects
- Nimbus, their proprietary technology system, expands business opportunities and drives efficiencies
- Demonstrated track record of offering customized debt products
- Diversified business model across sectors, offerings, products, geographies, and borrower segments
- Robust risk management framework based on domain know-how, qualitative field-level insights, and data lake
- Maintaining diversified sources of funding for their own deployment and proactive liquidity management
- Focus on high standards of governance and experienced professional management
- Strategic focus on ESG alignment resulting in the creation of sustainable impact with a returns-focused approach
The relevant quantitative factors are:
| Basic EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 |
25.85
|
11.76
|
150.01
|
| 31-Mar-22 |
19.52
|
9.92
|
– |
| Mar-20 |
7.71
|
4.27
|
– |
Northern Arc Capital IPO: Competitive Peers
| Face Value (Rs.) | P/E | Basic EPS (Rs.) | Diluted EPS (Rs.) |
Return on Net Worth (%) | Revenue from operations (Rs. in Millions) | |
| Northern Arc Capital Limited | 10 | [●] |
25.85
|
17.38
|
11.76%
|
13,112.00 |
| Listed Peers | ||||||
| Five-Star Business Finance Limited | 1 |
36.35x
|
20.71
|
20.49
|
13.91% | 15,208.50 |
| SBFC Finance Limited | 10 |
53.78x
|
1.71
|
1.62
|
8.67% | 7,328.12 |
Northern Arc Capital IPO Lead Managers
| Lead Managers |
|
ICICI Securities Limited Axis Capital Limited Citigroup Global Markets India Private Limited |
Northern Arc Capital IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Limited (formerly known as KFin Technologies Private Limited) Selenium Tower-BPlot No. 31 & 32, Financial District Nanakramguda, Serilingampally Hyderabad 500 032 Telangana, India Tel: +91 40 6716 2222 E-mail: nacl.ipo@kfintech.com Website: www.kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Contact Person: M.Murali Krishna SEBI Registration No.: INR00000022 |
Northern Arc Capital IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Associates LLP
- Legal Counsel to the Company – S&R Associates
- Bankers to the Company – Axis Bank Limited, Bank of Baroda, Canara Bank, Federal Bank Limited etc
Northern Arc Capital IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Northern Arc Capital Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Northern Arc Capital IPO Review FAQs
What is the Issue Size of Northern Arc Capital IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Northern Arc Capital IPO?
The price band for this particular IPO ranges between NA. As far as the face value of the share is concerned, it is Rs.10 per share.
What is the Northern Arc Capital IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Northern Arc IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Northern Arc IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Northern Arc IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Northern Arc IPO?
Here are the promoters of this IPO – DOES NOT HAVE AN IDENTIFIABLE PROMOTER. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Northern Arc IPO?
They have obtained the GMP of this IPO and it is NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Northern Arc Capital IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Northern Arc Capital Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 2,422.14, 2022 is 1,819.38, 2021 is 765.96.
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