Northern Arc Capital IPO Grey Market Premium Today, Listing Date

Dear investors check out here Northern Arc Capital IPO GMP Today. We regularly update Grey Market Premium Today About all IPO. Northern Arc Capital’s IPO GMP today is ₹150.

Northern Arc Capital IPO is open on Monday, September 16, 2024. and close on Thursday, September 19, 2024. Northern Arc Capital’ IPO total issue size is 29,543,727 shares (aggregating up to ₹777.00 Cr), and Northern Arc Capital’s IPO price is ₹249 to ₹263 per share. The IPO will be listed on BSE and NSE. Northern Arc Capital Limited IPO listing on Tuesday, September 24, 2024.

Northern ARC Capital IPO Subscription Status Live

Northern Arc Capital IPO Date

• IPO Open Date: Monday, September 16, 2024
• IPO Close Date: Thursday, September 19, 2024
• Basis of Allotment: Friday, September 20, 2024
• Initiation of Refunds: Monday, September 23, 2024
• Credit of Shares to Demat: Monday, September 23, 2024
• Listing Date: Tuesday, September 24, 2024
• Cut-off time for UPI mandate confirmation: 5 PM on September 19, 2024

Northern Arc Capital Limited About

Northern Arc Capital Limited, established in 2009, provides retail loans to underserved households and businesses across India. The company operates a diversified business model, offering a wide range of products and services across multiple sectors, geographies, and borrower categories. As of March 31, 2024, Northern Arc Capital has facilitated over ₹1.73 trillion in financing, impacting more than 101.82 million people nationwide.

The company specializes in various lending sectors, including micro, small, and medium enterprise (MSME) finance, microfinance (MFI), consumer, vehicle, affordable housing, and agricultural finance. Northern Arc Capital has established itself as a key player in these sectors with over 14 years of experience in MSME finance, 15 years in MFI finance, and nine years in consumer finance.

Northern Arc serves the retail lending market through a multi-channel approach:

1. Lending: The company provides financing through its balance sheet to originator partners for on-lending to retail customers (Intermediate Retail Lending) and directly to underserved households and businesses (Direct-to-Customer Lending). The company operates in 671 districts across 28 states and seven union territories, with an AUM of ₹117,100.19 million as of March 31, 2024.
2. Placements: Offers various financing products to originator partners, with a total AUM of ₹1,019,038.92 million as of March 31, 2024.
3. Fund Management: Manages debenture funds and portfolio management services with a total volume of ₹120,785.58 million, spanning 10 alternative investment funds (AIFs) and three portfolio management service (PMS) funds.

Northern Arc also boasts an end-to-end integrated technology suite tailored to various sectors. This includes:

• Nimbus: A debt platform for processing transactions.
• nPOS: A co-lending and co-origination technology solution using APIs.
• Nu Score: A machine-learning-based module for loan underwriting.
• AltiFi: An alternative retail debt investment platform.

As of March 31, 2024, the company employed 2,695 permanent staff members.

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Northern Arc Capital IPO GMP Today Price | Gray Markets Price Today

As Per the last update on September 19, 2024, at 11:00 AM, the latest GMP (Gray Markets Price) for Northern Arc Capital IPO is ₹150. The base price of the IPO is ₹263.00, with an estimated listing price of ₹413 (57.03%) (cap price + today’s GMP). This suggests an expected profit/loss per share of 57.24%.

Northern Arc Capital IPO GMP Today