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Open
16 Sep 2024
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Close
19 Sep 2024
3
Allotment
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Listing
Tue, Sep 24, 2024
Price Band
₹249 to ₹263
Issue Size
2,95,97,646 shares (agg. up to ₹777 Cr)
Lot Size
57 Shares
Listing Date
Tue, Sep 24, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 80.97x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 11,707.66 | 9,371.57 | 7,974.12 |
| Total Income | 1,906.03 | 1,311.20 | 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 | 1,555.30 |
| Total Borrowing | 9,047.76 | 7,034.57 | 5,982.96 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Akme Fintrade (India) Ltd. | Mainboard | ₹132.00 Cr | ₹120 | null | ₹133.35 | +11.12% | ₹9.46 (+2.37%) |
| Fedbank Financial Services Ltd. | Mainboard | ₹1,092.26 Cr | ₹140 | 25.04 | ₹140.25 | +0.18% | ₹161.39 (-2.12%) |
| IBL Finance Ltd. | SME | ₹33.41 Cr | ₹51 | 48.08 | ₹58.80 | +15.29% | ₹61.00 (+1.67%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Future capital requirements towards onward lending. | 500.00 |
About Northern Arc Capital IPO
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: Lending: Extending financing from the company's balance sheet (Lending) to originator partners in the form of loans or investments in their debt to enable on-lending to retail customers (Intermediate Retail Lending) and directly to underserved households and businesses (Direct-to-Customer Lending) either in collaborati
Contact Details
Northern Arc Capital Ltd. AddressNo.1, Kanagam Village 10th Floor10th Floor, IITM Research Park TaramaniChennai, Tamil Nadu, 600113+91 44 6668 7000investors@northernarc.comVisit Website