iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Northern ARC Capital IPO opens on Sept 16-19; issue price: ₹249-263

11 Sep 2024 , 09:43 AM

Northern ARC Capital, a diversified non-banking financial company is coming up with its initial public offer from September 16 to 19, 2024. The company has set the price band for the IPO at ₹249-₹263 per share. Investors can apply for 57 shares and its’ multiples in a lot. The minimum amount required to apply for Northern ARC Capital IPO is ₹14,991.

The issue will open for anchor investors on September 13. The company will finalise the allotment of shares on September 20 and likely to list on BSE and NSE on September 24.

The ₹777 crore IPO comprises a fresh issue of equity shares worth ₹500 crore and an offer-for-sale of ₹277 crore. As per RHP, LeapFrog Financial Inclusion India, Accion Africa-Asia Investment Company and 360 ONE Special Opportunities Fund are the ones offloading their shares through the IPO.

The company will use the net proceeds from fresh issue towards meeting future capital requirements and onward lending.

The company has reserved 50% of the net offer for qualified institutional investors, 35% for retail investors and rest 15% for non-institutional investors.

Northern ARC Capital is registered with RBI as non-deposit taking NBFC. The business model of the company is spread across diversifed offerings, sectors, products, regions, and borrower segments. It also provide credit access to both households and businesses, directly and indirectly through its partners.

ICICI Securities, Axis Capital, and Citigroup Global Markets India are the merchant bankers of the IPO and KFin Technologies Limited is the registrar to the same.

 

Related Tags

  • Northern ARC Capital
  • Northern ARC Capital ipo
  • Northern ARC Capital ipo dates
  • Northern ARC Capital ipo issue price
  • Northern ARC Capital ipo issue size
  • Northern ARC Capital ipo lot size
  • Northern ARC Capital ipo price
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.