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Northern ARC Capital Ltd

Finance

Offer Period :

16th to 19th Sep 2024

Northern ARC Capital Ltd, a leading financial services platform in India, is set to launch its Initial Public Offering (IPO) to raise funds for its future growth and expansion. Read more...The company primarily focuses on providing debt financing to underserved segments, including microfinance, affordable housing, small and medium enterprises (SMEs), and financial institutions. With over a decade of experience, Northern ARC Capital Ltd has built a robust financial ecosystem that addresses the financing needs of individuals and businesses across various sectors.

The proceeds from the IPO will be used to strengthen the company’s balance sheet, diversify its lending portfolio, and increase its capital base to meet future business needs. The IPO offers investors an opportunity to invest in a well-established financial company with a strong track record of growth, profitability, and impact in the financial inclusion space. Given the rising demand for credit in underserved sectors, Northern ARC Capital Ltd is well-positioned for long-term growth, making this IPO a significant opportunity for potential investors.  Read less

Northern ARC Capital Ltd IPO Details

IPO Date 16th to 19th Sep 2024 Minimum Investment ₹14991 / 1 Lots
Listing Date 2024-09-24 Maximum Investment ₹194883 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹777 Crores
Price ₹263 to ₹263 per share Fresh Issue ₹500 Crores
Lot Size 1 Lots (57 Shares) Offer For Sale ₹ 277
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹24 per share    
IPO Date 16th to 19th Sep 2024
Listing Date 2024-09-24
Face Value ₹10 per share
Price ₹263 to ₹263 per share
Lot Size 1 Lots (57 Shares)
Listing At BSE, NSE
Employee Discount ₹24 per share
Minimum Investment ₹14991 / 1 Lots
Maximum Investment ₹194883 / 13 Lots
Total Issue Size ₹777 Crores
Fresh Issue ₹500 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

16th Sep

IPO Starts

19th Sep

IPO Ends

20th Sep

Allotment Date

23rd Sep

Initiation of Refund

23rd Sep

Credit of Shares to Demat Account

24th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 0 0

Northern ARC Capital Ltd IPO Reservation

QIB Shares Offered 5790570(19.6%)
NII (HNI) Shares Offered 4342928(14.7%)
Retail Shares Offered 10133499(34.3%)
Anchor Investor Shares Offered 8685856(29.4%)
Total Shares Offered 29543728
Total Shares With Anchor Investor 29543728

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Northern ARC Capital Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id nacl.ipo@kfintech.com
Our Website www.kfintech.com

Northern ARC Capital Ltd IPO Lead Manager

1. Axis Capital Ltd

2. ICICI Securities Ltd

3. Citigroup Capital Markets India Pvt Ltd

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Northern ARC Capital Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Northern ARC Capital Ltd

1. Large addressable and underpenetrated market with strong sectoral expertise.

2. Large ecosystem of partners and data and technology platform creating strong network effects.

3. Proprietary technology product suite transforming the debt market ecosystem.

4. Robust risk management based on domain expertise, proprietary risk models and data repository driving asset quality.

5. Diversified sources of funding for its own deployment and proactive liquidity management.

6. Professional management team supported by an experienced Board and marquee investors driving high standards of governance.

7. Strong ESG framework integrated into the business model with focus on creating sustainable impact and climate-smart lending.

Risks Involved

1. The company operates a diversified business model that exposes it to various risks and an inability to manage such risks may have an adverse effect on its business, results of operations, cash flows and financial condition.

2. If the company borrowers default in their repayment obligations it may lead to increased levels of non-performing assets ("NPA"), related provisions and write-offs, its business, results of operations, cash flows and financial condition may be adversely affected.

3. The company does not have any identifiable promoter in terms of the SEBI ICDR Regulations and the Companies Act, 2013.

4. Its Statutory Auditors have included modifications in their report on the company audited consolidated financial statements for Fiscals 2024 and 2023 under eport on Other Legal and Regulatory Requirements', and certain other remarks/ comments in the annexure to report prescribed under the Companies (Auditor's Report) Order, 2020 for Fiscals 2024 and 2023.

5. A significant portion of its investments are in credit facilities and debt instruments that are unsecured, and/or subordinated to other creditors. An inability to recover such investments may result in increased levels of NPAs, which could adversely affect its business, prospects, results of operations, cash flows and financial condition.

6. Its inability in the future to comply with or any delay in compliance with the strict regulatory requirements with respect to its listed non- convertible debentures may have an adverse effect on its business, results of operations, cash flows and financial condition. Additionally, the trading in its NCDs may be limited or sporadic, which may affect the company's ability to raise debt financing in future.

7. The company is subject to certain conditions and restrictions in terms of its financing arrangements and the company has not been in compliance with certain of these covenants in the past. An inability to comply with repayment and other covenants in its financing agreements could adversely affect the company's business, financial condition, cash flows and results of operations.

8. The company operates in a highly competitive industry and its inability to compete effectively may adversely affect the company's business, reputation, results of operations, cash flows and financial condition.

9. The company may faces asset-liability mismatches which would expose it to interest rate and liquidity risks that could have a material and adverse effect on its business, results of operations, cash flows and financial condition.

10. Its business requires funds regularly, and any disruption in the company funding sources would have a material adverse effect on its business, results of operations, cash flows and financial condition.

Northern ARC Capital Ltd IPO

Northern ARC Capital Ltd, a leading financial services platform in India, is set to launch its Initial Public Offering (IPO) to raise funds for its future growth and expansion. The company primarily focuses on providing debt financing to underserved segments, including microfinance, affordable housing, small and medium enterprises (SMEs), and financial institutions. With over a decade of experience, Northern ARC Capital Ltd has built a robust financial ecosystem that addresses the financing needs of individuals and businesses across various sectors.

 

The proceeds from the IPO will be used to strengthen the company’s balance sheet, diversify its lending portfolio, and increase its capital base to meet future business needs. The IPO offers investors an opportunity to invest in a well-established financial company with a strong track record of growth, profitability, and impact in the financial inclusion space. Given the rising demand for credit in underserved sectors, Northern ARC Capital Ltd is well-positioned for long-term growth, making this IPO a significant opportunity for potential investors.

Industry Outlook of Northern ARC Capital IPO  

The Northern ARC Capital IPO presents a compelling opportunity within the expanding financial services sector in India. Key industry trends include:

  • Rapid Market Growth: The Indian retail credit market is projected to grow at a CAGR of 17-18% from Fiscal 2024 to 2026, reaching approximately ₹100.9 trillion by Fiscal 2026.
  • Diverse Loan Segment Growth: Non-Banking Financial Companies (NBFCs) are expected to see varied growth rates across different loan segments:
    • MSME loans: CAGR of 13-15%
    • Microfinance Institution (MFI) loans: CAGR of 23-25%
    • Consumer finance: CAGR of 17-20%
    • Vehicle loans: CAGR of 12-14%
    • Affordable housing loans: CAGR of 14-16%
    • Agriculture loans: CAGR of 9-10%

 

  • Market Opportunity in Rural Areas: Despite rural areas contributing 47% of India’s GDP, they received only 9% of the overall banking credit as of March 31, 2024. This disparity highlights significant growth potential for NBFCs and banks in these regions.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 11707.66 9371.57 7974.12
Total Liabilities 11707.66 9371.57 7974.12
Total Expenses 1484.82 988.1 668.16
Total Revenue 
1906.03 1311.2 916.54
Profit After Tax 308.33 230.01 172.5
EBITDA 1163.56 890.72 668.64
Adjusted EBITDA 0 0 0

Northern ARC Capital Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-24 544260 NORTHARC
INE850M01015
₹263 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹263 ₹263
Open ₹351 ₹350
Low ₹308.15 ₹308.2
High ₹351 ₹350
Low ₹308.15 ₹308.2

Frequently Asked Questions

What is Northern ARC Capital Ltd IPO?

Answer Field

Northern ARC Capital Ltd IPO is a Mainboard IPO of 2,95,43,728 equity shares of a face value of ₹10 aggregating up to ₹777 Crores. The issue is priced at ₹263 to ₹263 per share. The minimum order quantity is 57 Shares. The IPO opens on September 16, 2024, and closes on September 19, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Northern ARC Capital Ltd IPO will open?

Answer Field

The Northern ARC Capital Ltd IPO opens on September 16, 2024 and closes on September 19, 2024.

What is the lot size of Northern ARC Capital Ltd?

Answer Field

Northern ARC Capital Ltd lot size is 57 shares, and the minimum amount required is ₹14,991.

How to apply for Northern ARC Capital Ltd IPO?

Answer Field

You can apply in Northern ARC Capital Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Northern ARC Capital Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Northern ARC Capital Ltd IPO will be done on September 20, 2024, and the allotted shares will be credited to your demat account by September 23, 2024.

When is Northern ARC Capital Ltd IPO listing date?

Answer Field

The Northern ARC Capital Ltd listing date is September 24, 2024.

Who is the registrar of Northern ARC Capital Ltd IPO?

Answer Field

The registrar of Northern ARC Capital Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Axis Capital Ltd,ICICI Securities Ltd,Citigroup Capital Markets India Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Northern ARC Capital Ltd IPO?

Answer Field

The fresh issue size is ₹500 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Northern ARC Capital Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 57 shares and ₹14,991 amount.

How can I approve the UPI mandate request for Northern ARC Capital Ltd IPO?

Answer Field

To apply for Northern ARC Capital Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Northern ARC Capital Ltd?

Answer Field

The price of each Northern ARC Capital Ltd share will be ranging in between ₹263 to ₹263 per share.

What is the cut-off time for the UPI mandate for Northern ARC Capital Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 19, 2024.

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