Northern Arc Capital Limited
Lot Size
1 Lot = 57 Qty |
Min Investment
₹14991 |
Subscription
Oversubscribed |
Listing Gain
60(Points) |
IPO Details
Open Date
Sep 16, 2024 |
Close Date
Sep 19, 2024 |
Allotment Date
Sep 20, 2024 |
Allotment Date
Sep 20, 2024 |
Refund Initiation
Sep 23, 2024 |
Demat Transfer
Sep 23, 2024 |
Listing Date
Sep 24, 2024 |
Fresh Issue
500 |
Offer For Sale
277 |
Issue Price
₹249 to ₹263 |
Face Value
₹10 |
Issue Type
Fresh Issue |
Total Issue Size
777 CR |
QIB + NII Quota
20 + 55% |
Retail Quota
35% |
Listing On
NSE & BSE |
Registrar
Link Intime India Pvt Ltd |
Company Financial Rusult In Crore
PERIOD | ASSET | REVENUE | PROFIT |
---|---|---|---|
31-Mar-2024 | 11707.66 | 1906.03 | 317.69 |
31-Mar-2023 | 9371.57 | 1311.20 | 242.21 |
31-Mar-2021 | 7974.12 | 916.55 | 181.94 |
About The Company
Northern Arc Capital, founded in 1989, is a non-bank financial institution that specialises in meeting the credit needs of underserved families and enterprises by providing loan financing. They are one of the most well-known diversified NBFCs in India. Microfinance, MSME financing, auto finance, consumer finance, and affordable housing finance are some of the industries in which Northern Arc works.
Northern ARC Capital - Strength and Weakness
Strength
- The NBFC has a growing and diverse pool of Originator Partners and Investment Partners from a variety of industries.
- Their Nimbus technology system, which they developed themselves, enables them to expand their commercial options while also improving productivity.
- Geographically, in terms of offers, products, and borrower groups, they are quite diverse.
- Over the decades that they have been in business, they have refined and enhanced their risk management method.
Weakness
- Any disruptions in the NBFCs funding sources will have a significant impact on the companys operations.
- Northern Arc is exposed to highly high-risk borrowers, and any large-scale defaults in this sector will have a negative impact on the companys financials and operations.
- In India, the microfinance industry is highly regulated, and any bad changes in this sector would have an impact on the business.