Northern Arc Capital IPO subscribed 18.21 times so far

18 Sep 2024 , 03:53 PM

Northern Arc Capital’s IPO subscription began on Monday, September 16, 2024, and will end on September 19, 2024. Northern Arc Capital plans to raise around ₹777 crores through its IPO. The retail quota is 35%, QIB 50%, and NII 15%. The price band for equity shares is ₹249 to ₹263.

The Northern Arc Capital IPO has a minimum market lot of 57 shares and a ₹14,991 application amount. The Northern Arc Capital IPO is a Mainline IPO that will be listed on BSE and NSE.

Northern Arc Capital Limited is a comprehensive financial services platform founded with the primary goal of meeting the different retail credit needs of India’s underserved households and enterprises.

As of 15:48 p.m. the QIB portion and the NII portion were subscribed 0.27 times and 46.54 times respectively. The retail portion and employee portion were subscribed 18.05 times and 3.82 respectively.

Over the last 15 years, the organisation has taken a differentiated and comprehensive approach to India’s retail credit ecosystem, spanning multiple sectors. They have developed new domain expertise in facilitating credit across our targeted sectors in India, including micro, small, and medium-sized enterprises (MSMEs) financing, microfinance (MFI), consumer finance, auto finance, affordable housing 265 finance, and agricultural finance.

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