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NANORTHARCListed

Northern Arc Capital Limited

Bookbuilding IPO · NSE, BSE

Price band
₹249 - ₹263
Lot size
57 shares
Issue amount
₹777 cr
Total subscription
114.16×
Current price₹274.55
Listing price ₹350
Watch live price ↗
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

CategoryLotsSharesAmount
RETAIL157₹14,991
sHNI14798₹2,09,874
bHNI673,819₹10,04,397

Share reservation

QIB27.76%
HNI20.82%
RETAIL48.59%
Employee2.83%

Subscription & GMP

Subscription by category

Total subscribed114.16×

Missing multiples are calculated from bids and offered shares when available.

QIB242.73×
NIB147.81×
HNIs(10L +)160.48×
HNIs (2-10L)122.48×
RETAIL32.49×
EMPLOYEES7.44×

GMP history

065.513128 Feb: ₹13110 Nov: ₹13120 Nov: ₹131
28 Feb₹13120 Nov

Application-wise demand

CategoryReserved applicationsApplied applications
HNIs (10L+) 3,6351,16,802
HNIs (2-10L) 1,8172,13,263
RETAIL1,78,11249,44,778
Employee054,315

Subscription demand

Amounts in ₹ crore. HNI subcategories are included in the NII total.

CategoryOfferedDemand
QIBs152.5837,033.92
RETAIL267.018,674.13
HNIs 2+38.144,671.98
HNIs 10+76.2912,242.48
EMPLOYEES15.54115.64

Financial performance

Company financials

In Crores · Reported periods may include interim results.

Revenue & profit In Crores
05001,0001,5002,000Mar-22 · Revenue: 916.55Mar-22 · Profit after tax: 181.94Mar-22Mar-23 · Revenue: 1,311.2Mar-23 · Profit after tax: 242.21Mar-23Mar-24 · Revenue: 1,906.03Mar-24 · Profit after tax: 317.69Mar-24
RevenueProfit after tax

Key performance indicators

MetricMar-24 Mar-23 Mar-22
EPS23.417.3813.09
ROE000
ROCE000
RONW13.3211.769.92
PRE IPO(PE)11.7800
POST IPO(PE)13.3600

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

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.