Northern Arc Capital IPO Allotment Finalized Today: Latest GMP and How to Check Your Allotment Status

the allotment of shares for the Northern Arc Capital IPO was finalized, marking a significant milestone for investors. The IPO, which opened for subscription from September 16 to September 19, 2024, received an overwhelming response from the market, being oversubscribed by an impressive 110.71 times.

Full Details of Northern Arc Capital IPO

Northern Arc Capital Limited, a leading diversified non-banking finance company (NBFC), aimed to raise approximately ₹777 crore through this initial public offering (IPO). The price band for the shares was set between ₹249 and ₹263 per equity share. The company offered a total of 2.14 crore shares, which included a fresh issue of shares worth ₹500 crore and an offer-for-sale of shares valued at ₹277 crore.

Subscription Breakdown

The subscription details reveal a robust interest in Northern Arc Capital:

• Qualified Institutional Buyers (QIBs): Subscribed 240.79 times
• Non-Institutional Investors (NIIs): Subscribed 142.41 times
• Retail Individual Investors (RIIs): Subscribed 31.08 times
• Reserved for employees: Subscribed 7.33 times

This high level of interest indicates strong confidence in the company’s future prospects.

Northern Arc Capital IPO Grey Market Premium (GMP)

As of today, Northern Arc Capital shares are trading at a grey market premium (GMP) of approximately ₹128, suggesting a potential listing price around ₹391 on both the BSE and NSE. This indicates a potential return of about 48.67% for investors who successfully receive shares in the allotment. The GMP reflects the market’s optimistic outlook on the company’s performance post-listing.

Northern Arc Capital IPO Listing Date

The shares of Northern Arc Capital are expected to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 24, 2024. This listing will provide investors with an opportunity to trade their shares publicly for the first time.

How to Check Your Allotment Status Online

Investors who participated in the IPO can check their allotment status through several platforms. Here’s how you can do it:

Checking Allotment Status on BSE

1. Visit the BSE website.
2. Navigate to the ‘Investors’ section.
3. Click on ‘Status of Issue Application.’
4. Select ‘Application Status Check.’
5. Choose ‘Equity’ as the issue type.
6. Select ‘Northern Arc Capital Limited’ from the dropdown menu.
7. Enter your application number and PAN number.
8. Click on ‘Search’ to view your allotment status.

Checking Allotment Status on KFin Technologies

1. Go to the KFin Technologies website.
2. Select ‘Northern Arc Capital Limited’ from the list of IPOs.
3. Enter your application number, Demat account, or PAN details.
4. Click ‘Submit’ to see your allotment status.

These steps will help you quickly find out if you have been allotted shares in this much-anticipated IPO.

Company Overview

Northern Arc Capital Limited is a leading diversified non-banking finance company (NBFC) that provides credit access to underserved households and businesses. With a focus on financial inclusion, the company has made significant strides in bridging the gap between traditional financial institutions and those who lack access to formal credit.

Market Sentiment and Future Outlook

The strong subscription rates and positive GMP indicate that market sentiment towards Northern Arc Capital remains bullish. Analysts suggest that investors should consider holding onto their shares post-listing due to the company’s growth potential and strategic positioning in the NBFC sector.

In summary, today’s finalization of Northern Arc Capital’s IPO allotment marks an exciting opportunity for investors looking to diversify their portfolios and support financial inclusion initiatives in India. With substantial backing from institutional investors and a robust business model, Northern Arc Capital is poised for continued success in the coming years.