Northern Arc Capital Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹249 - ₹263
- Lot size
- 57 shares
- Issue amount
- ₹777 cr
- Total subscription
- 114.16×
- Opens
- 16 Sept 2024
- Closes
- 19 Sept 2024
- Allotment
- 20 Sept 2024
- Listing
- 24 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 2,95,97,646 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,193
- Fresh issue
- ₹500.5 cr
- Offer for sale
- ₹276.5 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,991
- Issue type
- Bookbuilding IPO
- Shares before issue
- 14,23,14,010
- Shares after issue
- 16,13,25,417
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 57 | ₹14,991 |
| sHNI | 14 | 798 | ₹2,09,874 |
| bHNI | 67 | 3,819 | ₹10,04,397 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 3,635 | 1,16,802 |
| HNIs (2-10L) | 1,817 | 2,13,263 |
| RETAIL | 1,78,112 | 49,44,778 |
| Employee | 0 | 54,315 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 152.58 | 37,033.92 |
| RETAIL | 267.01 | 8,674.13 |
| HNIs 2+ | 38.14 | 4,671.98 |
| HNIs 10+ | 76.29 | 12,242.48 |
| EMPLOYEES | 15.54 | 115.64 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 23.4 | 17.38 | 13.09 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 13.32 | 11.76 | 9.92 |
| PRE IPO(PE) | 11.78 | 0 | 0 |
| POST IPO(PE) | 13.36 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Northern Arc Capital Limited, established in 2009, focuses on providing financial support to underserved households and businesses across India through a diverse range of lending solutions. By March 31, 2024, it had facilitated over ₹1.73 trillion in financing, reaching more than 101.82 million people. The company specializes in sectors like MSME finance, microfinance, consumer finance, vehicle finance, affordable housing, and agriculture finance. With a total AUM of ₹1,136,139.11 million, Northern Arc operates through multiple channels, including direct lending, retail lending, and placements. It also manages ₹120,785.58 million in assets through AIFs and PMS funds. Backed by advanced technology platforms like Nimbus and AltiFi, and a workforce of 2,695 employees, Northern Arc continues to drive financial inclusion and business growth across India.
Strengths
- Growing Market Potential: Well-placed to benefit from India’s expanding retail credit market, especially in rural and semi-urban regions.
- Strong Network of Partners: Works with 328 Originator Partners, 50 Retail Lending Partners, and 1,158 Investor Partners, creating a solid business ecosystem.
- Cutting-Edge Technology: Uses advanced tech solutions to enhance scalability and efficiency in lending and financial services.
Risk factors
- Multiple Sector Risks: Operating in various industries means Afcons faces different challenges. If not managed well, these risks could impact its business.
- Rising Bad Loans: If borrowers fail to repay, non-performing assets (NPAs) could increase, leading to financial losses.
- Risky Investments: A significant part of Afcons' investments is in unsecured and subordinated debt, making it more vulnerable to credit risks.
Objects of the issue
0
Registrar & documents
Lead manager
ICICI Securities Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No. 1, Kanagam Village 10th Floor, 10th Floor, IITM Research Park Taramani, Chennai - 600 113
+91 44 6668 7000
[email protected]Company website ↗Understanding NORTHARC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.