Northern Arc Capital IPO: Check Anil Singhvi's view before subscribing - Check details
Northern Arc Capital IPO: The Rs 777 crore initial public offer of non-bank financial institution Northern Arc Capital has got a good response from investors as it received 2.86 times subscription on the first day of the share sale on Monday.
Northern Arc Capital IPO: Bids for 6,14,36,709 shares
Northern Arc Capital IPO: The share sale received bids for 6,14,36,709 shares against 2,14,78,290 shares on offer.
Northern Arc Capital IPO: Subscription Dates
Northern Arc Capital IPO: The IPO of the Chennai-based company opened for subscription on Monday, September 16, 2024 and will conclude on September 19.
Northern Arc Capital IPO: Price Band
Northern Arc Capital IPO: The price band has been at Rs 249 to Rs 263 per share.
Northern Arc Capital IPO: Raised Rs 229 crore from anchor investors
Northern Arc Capital IPO: Northern Arc Capital on Friday said it has collected Rs 229 crore from anchor investors.
Northern Arc Capital IPO: Allotment Date
Northern Arc Capital IPO: The expected date for the allotment is September 20, 2024.
Northern Arc Capital IPO: Listing Date
Northern Arc Capital IPO: Listing is expected on both NSE, BSE on September 24, 2024.
Northern Arc Capital IPO: Anil Singhvi's View
Northern Arc Capital IPO: Zee Business Managing Editor Anil Singhvi has advised investors to apply for reasonable listing gain and long-term.
Northern Arc Capital IPO: Positives by Anil Singhvi
Northern Arc Capital IPO: Positives
- No Promoters but professional management
- High profile Investors
- Best asset quality among sector
- Strong growth outlook
- Usage of data and technology through partners will enable growth
- Attractive pricing, very cheap valuations
Northern Arc Capital IPO: Negatives by Anil Singhvi
Northern Arc Capital IPO: Negative
- Competition increasing in NBFC sector
Northern Arc Capital IPO: Book-running lead managers
Northern Arc Capital IPO: ICICI Securities, Axis Capital and Citigroup Global Markets India are the book-running lead managers to the issue.
Northern Arc Capital IPO: What does the company do?
Northern Arc Capital IPO: Northern Arc is a leading player amongst the country's diversified NBFCs, with a business model diversified across offerings, sectors, products, geographies and borrower segments. It provides access to credit to under-served households and businesses directly and indirectly through Originator Partners.