Northern Arc Capital IPO final day subscription status so far; should you apply?
Northern Arc Capital IPO: The portions reserved for retail investors and employees were booked 22.10 times and 4.97, respectively.
Northern Arc Capital IPO: The IPO of NBFC company, Northern Arc Capital Ltd was subscribed over 25 times on September 29, its final day bidding process. At the last count (10:57 AM), the IPO registered bids for 56,28,33,276 shares as against the 2,14,78,290 shares on offer, according to the exchange data.
Northern Arc Capital IPO: QIBs and NIIs
The portions reserved for qualified institutional buyers (QIBs) and non-institutional investors (NIIs) were subscribed 0.43 times and 72.26 times, respectively.
Northern Arc Capital IPO: RIIs and employees quota subscription status
The portions reserved for retail investors and employees were booked 22.10 times and 4.97, respectively.
Northern Arc Capital IPO: Anchor investors
The NBFC has collected Rs 229 crore from anchor investors.
What Anil Singhvi suggests?
Zee Business Managing Editor Anil Singhvi has suggested investors apply the Northern Arc Capital IPO for reasonable listing gain and as well long-term perspective.
SBI Securities on Northern Arc Capital IPO
Meanwhile, SBI Securities recommends to subscribe the IPO for a long-term investment horizon.
Northern Arc Capital IPO: Allotment date
The allotment for the NBFC company IPO is fixed on September 20, 2024.