Northern Arc Capital makes decent debut, shares list at 33% premium to IPO price - Check stop loss by Anil Singhvi

Northern Arc Capital Shares listing NSE, BSE: Shares of Northern Arc Capital made a decent debut on the bourses today i.e. September 24, 2024. The shares are listed at a premium of 33.46 per cent to the issue price on the BSE. 

Similarly, the shares of the non-banking financial institution (NBFC) Northern Arc Capital list at a premium of 33.08 per cent to the issue price of Rs 263.

Northern Arc Capital Shares listing NSE, BSE: Stop Loss By Anil Singhvi

Zee Business Managing Editor Anil Singhvi said that those who have shares of Northern Arc can keep a stop loss of Rs 330. 

Earlier, Singhvi had advised investors to apply for reasonable listing gain and long-term.

Ahead of listing, Northern Arc Capital had collected Rs 229 crore from anchor investors.

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.

The initial public offering (IPO) of Northern Arc Capital Ltd received 110.71 times subscriptions on the closing day of the share sale on Thursday.

The quota for Qualified Institutional Buyers (QIBs) was subscribed 240.79 times, while non-institutional investors subscribed to the offer 142.28 times. The category for retail individual investors (RIIs) fetched 30.74 times the subscription.