Northern Arc Capital IPO Subscription Status, Northern Arc Capital IPO GMP Today : Northern Arc Capital’s IPO is getting an excellent response from retail investors. According to BSE, portion reserved for retail investors was oversubscribed on the very first day. This issue of ₹777 crore has also been oversubscribed. From the upper price band of the IPO, its shares are trading at Rs 158 i.e. GMP (Grey Market Premium) of 60.08 percent.
Northern Arc Capital Limited IPO GMP, Grey Market Premium, Price Band, Important Dates
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Northern Arc Capital IPO Subscription Status
Qualified Institutional Wires (QIB) – 0.00x
Non-Institutional Investors (NII) – 1.18 times
Retail investors – 1.55 times
Employees-0.41 times Total- 1.02 times
(सोर्स: BSE, 16 Sep 2024 | 12:36:00 PM)
Northern Arc Capital IPO Good Or Bad, Expert Advice
According to media reports, domestic brokerage firm SBI Securities has given it a long term subscribe rating. Stockbox has given it a subscribe rating. The brokerage sees its value as fair.