Northern Arc Capital Limited IPO GMP, Grey Market Premium, Price Band, Important Dates | In the month of September, companies are continuously launching their IPOs and investors are also making huge profits. Meanwhile, non-banking finance company Northern Arc Capital is bringing an initial public offering (IPO) of Rs 777 crore.
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Northern Arc Capital Limited IPO
Northern Arc Capital Limited Company Details
According to company’s website, Northern Arc Capital Limted is registered with the Reserve Bank of India as a systemically important non-deposit taking non-banking finance company (NBFC). company focuses on its three main channels, Lending, Placements and Fund Management, delivered through digital stack, enable streamlined and digital financing solutions. Northern Arc Capital provide access to credit to the under-served segments of India across focused sectors.
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Northern Arc Capital Limited IPO Opening Date
Northern Arc Capital’s IPO is scheduled to open on September 16. Before the IPO opens, key (anchor) investors will be able to bid on September 13.
Northern Arc Capital Limited IPO Closing Date
The closing of Northern Arc Capital IPO is scheduled to take place on September 19.
Northern Arc Capital Limited IPO Price Band
The issue price for the IPO has been fixed at Rs 249-263 per share. Under the IPO, an offer for sale (OFS) of 1,05,32,320 shares worth up to Rs 277 crore will be made by investors along with fresh equity shares worth Rs 500 crore. In this way the issue size becomes Rs 777 crore.
Northern Arc Capital Limited IPO Motive
If we talk about the IPO motive of the company, then Northern Arc Capital will use the money earned from the IPO for the capital needs of the company.
Northern Arc Capital Limited IPO Lead Manager
ICICI Securities, Axis Capital and Citigroup Global Markets India are acting as book running lead managers to the issue.
Northern Arc Capital Limited IPO Registrar
KFin Technologies Ltd is the official registrar to the issue. The equity shares of the company will be listed on both BSE and NSE.
Northern Arc Capital Limited IPO GMP
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