Northern Arc Capital Limited is a leading non-banking financial company (NBFC) based in Chennai, Tamil Nadu. Established in 1989, the company focuses on providing financial inclusion by catering to the credit needs of under-served households and businesses. Northern Arc operates in the debt capital markets, connecting investors with institutions.
IPO Details
- IPO Start Date: 16th September 2024
- IPO End Date: 19th September 2024
- Issue Price: ₹249 – ₹263 per share
- Face Value: ₹10 per equity share
- Lot Size: 57 Shares
- Total Issue Size: Fresh Issue up to ₹5,000 million and Offer for Sale of up to 10,532,320 equity shares
- Maximum Subscription for Retail Investor: ₹2,00,000
- Maximum Subscription for Eligible Employee: ₹5,00,000
GMP Price (Grey Market Premium)
The GMP (Grey Market Premium) for Northern Arc Capital Limited IPO will be tracked and updated closer to the listing date. It reflects the demand and market sentiment for the company’s IPO.
Promoters
| Promoter Name | Stake |
|---|---|
| Northern Arc Capital | No identifiable promoter |
Northern Arc Capital does not have an identifiable promoter, making it a professionally managed company.
Financial Summary
Below is the financial summary based on the company’s restated financial statements
- Revenue from Operations: For the year ending March 31, 2024, the company reported revenue of INR 18,900.84 million, an increase from INR 13,049.71 million in 2023.
- Net Profit: The company achieved a net profit of INR 3,176.93 million in 2024, which improved from INR 2,422.14 million in 2023.
- Total Assets: As of March 31, 2024, Northern Arc had total assets valued at INR 1,17,076.59 million, reflecting significant growth compared to INR 93,715.72 million in 2023.
- Equity Share Capital: The equity share capital stood at INR 893.85 million in 2024, with no major changes compared to the previous year.
- Other Comprehensive Income: In 2024, the company reported other comprehensive income of INR 201.71 million.
- Loans: The total outstanding loan portfolio stood at INR 1,01,865.13 million as of March 31, 2024, showcasing an increase from INR 82,436.72 million in 2023.
Important Dates
| Event | Date |
|---|---|
| Offer Start | 16th Sep 2024 |
| Offer End | 19th Sep 2024 |
| Allotment | To be announced |
| Refund Initiation | 16th Sep 2024 |
| Demat Transfer | 16th Sep 2024 |
| Listing | 17th Sep 2024 |
FAQs
- Northern Arc Capital Limited Share Price: ₹249 – ₹263 per share.
- Northern Arc Capital Ltd IPO GMP Today: The GMP will be updated closer to the listing date.
- Northern Arc Capital Subscription: Subscription details will be available once the IPO opens.
- Northern Arc Capital Limited IPO: Active from 16th to 19th September 2024.
- Northern Arc Capital Limited Owner: The company is professionally managed with no identifiable promoter.
- Northern Arc Capital Limited IPO Review: Review details will be updated based on market sentiment and subscription levels.
