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
Check Allotment Status

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
DRHP DRAFT

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.