Northern ARC Capital Ltd. IPO

A platform in the financial services sector set up primarily with the mission of catering to the diverse credit requirements of under-served households and businesses by providing efficient and reliable access to debt finance.

RHP
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DRHP
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Open Date

2024-09-16

Close Date

2024-09-19

Northern ARC Capital Ltd. IPO Details

Check out the issue details for Northern ARC Capital Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 263

Price Band

₹ 249 - 263

Issue Size

777 Cr.

Issue Type

Book Built

Open

2024-09-16

Close

2024-09-19

Listingprice

₹ 350

ListingGain

33.08%

Listing Date

2024-09-24

CMP

₹ 227.3

Current Return

-13.57%

Northern ARC Capital Ltd. News

Northern ARC Capital - Quaterly Results28 Oct, 4:53PM Northern ARC Capital - Quaterly Results28 Oct, 4:53PM Northern Arc Capital informs about investor press release1 Oct, 2:29PM Northern Arc Capital informs about disclosure1 Oct, 12:31PM Northern ARC Capital - Quaterly Results30 Sep, 6:54PM Northern ARC Capital - Quaterly Results30 Sep, 6:54PM Northern Arc Capital informs about disclosure28 Sep, 4:38PM Northern Arc Capital coming with IPO to raise Rs 806.61 crore13 Sep, 4:28PM Northern Arc Capital gets SEBI’s go-ahead to raise funds via IPO 7 Sep, 12:02PM Northern Arc Capital files IPO papers with SEBI16 Jul, 3:16PM Northern ARC Capital informs about interest payment of NCDs21 Dec, 11:08AM Northern ARC Capital informs about interest payment14 Oct, 10:57AM Northern ARC Capital informs about record date of CP16 Sep, 3:38PM Northern ARC Capital informs about interest payment of NCDs16 Sep, 3:33PM Northern ARC Capital informs about interest payment of NCDs28 Aug, 10:36AM Northern ARC Capital informs about interest payment of NCDs28 May, 10:16AM

Company Financials

You can get the following financial statements of Northern ARC Capital Ltd. as of now.

Exchange

NSE: NORTHARC BSE: 544260

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Northern Arc Capital IPO are as:

  • The issue size of the Northern Arc Capital IPO is 777 Cr.
  • The price band for Northern Arc Capital IPO is Rs 249 to Rs 263.
  • The shares of Northern Arc Capital IPO will list on 24th September 2024.
  • The latest tentative GMP of Northern Arc Capital IPO is Rs 160.
  • The shares of Northern Arc Capital IPO are subscribed 117.17 Times as of 19th September 2024.

 

Northern Arc Capital IPO Valuation

The approx valuation of Northern Arc Capital IPO based on its price band and RHP (prospectus) is:

Particulars Value
Upper Price Band Rs 263
Existing Shares (Qty) 14.23 Cr
Fresh Issue 500 Cr
Market Cap 4242.49 Cr
EPS (FY24) Rs 34.61
PE Ratio 7.59x
Industry PE 23.28x

 

Northern Arc Capital IPO Issue Size

Northern Arc Capital IPO issue size is 777 Cr.

Issue Amount
Fresh Issue 500 Cr
Offer For Sale 277 Cr

 

Northern Arc Capital IPO Market Lot

An Individual can apply for a minimum 1 lot of 57 shares and a maximum of 13 lots of 741 shares. Find the details below:

Application Lot Shares Amount
Minimum 1 57 Rs 14,991
Maximum 13 741 Rs 1,94,883

 

Northern Arc Capital IPO share offer

The shares of Northern Arc Capital IPO are subscribed 117.17 Times as of 19th September 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 242.73 Times
Non-Institutional Minimum 15% 147.57 Times
Retail Individual Minimum 35% 31.98 Times
Total   117.17 Times

Find below the dates for Northern ARC Capital IPO:

Schedule Date
Basis of Allotment 20 September 2024
Refunds 23 September 2024
Credit to Demat Account 23 September 2024
IPO Listing Date 24 September 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Other Income 16.14 12.26 5.2 79.86 13.54
Interest 302.27 309.53 323.83 410.72 557.92
Exceptional Items 0 0 0 0 0
Profit Before Tax 145.8 130.64 76.33 227.09 303.05
Tax 56.45 41.02 20.28 63.36 77.69
Adjusted EPS (Rs.) 1.14 1.02 0.64 1.84 2.53

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 153.93 170.12 170.57 171.55 171.68
Total Reserves 993.26 1322.69 1388.29 1538.36 1755.47
Borrowings 2437.21 2586.2 3357.16 5280.86 6530.34
Other N/C liabilities 29.5 2.71 -13.57 -3.3 -25.29
Current liabilities 509.79 397.89 652.86 834.13 738.11
Total Liabilities 4123.71 4479.61 5555.31 7821.6 9170.32
Assets
Net Block 3.59 23.34 20.63 18.79 42.94
Capital WIP 0 0 0 0 0
Intangible WIP 3.43 0.95 0.54 0.28 0.99
Investments 791.95 763.7 887.95 1011.19 1133.4
Other N/C Assets 0 0 0.31 0 0
Current Assets 523.03 709.03 4606.54 6748.54 7966.14
Total Assets 4123.71 4479.61 5555.31 7821.6 9170.32
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024 Sep 2024
Other Income 4.23 0.57
Interest Expended 209.22 205.03
Operating Expenses 243.56 215.85
Total Provisions 0 0
Profit Before Tax 109.41 150.36
Tax 27.93 38.23
Net Profit 81.48 112.13
Adjusted EPS (RS) 9.11 6.95
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