Northern Arc Ipo allotment Status: Northern Arc Capital IPO Share Allotment is Expected on Sept 20, Here’s How to Check Your Status Online

Northern Arc Ipo allotment Status

The Northern Arc Capital IPO closed with overwhelming demand on the final day of bidding, Thursday, September 19. The initial public offering (IPO) was met with significant investor interest, and now, investors are eagerly awaiting the finalization of the share allotment status.

Northern Arc Ipo allotment Status

On the last day of the IPO subscription, Northern Arc Capital’s offering was subscribed an impressive 111 times. Investors submitted applications for 238.22 crore shares, compared to just 2.14 lakh shares available.

CompanyValueChange%Change
JSW Steel980.00₹31.603.33
Coal India490.45₹12.502.62
HDFC Life718.85₹17.352.47
Tata Steel152.00₹2.461.65
Hindalco695.10₹10.901.59

Breaking down the subscription, the retail portion of the IPO was subscribed 31.08 times, reflecting strong interest from individual investors. Non-institutional investors (NIIs) were even more active, booking their portion 142.41 times. The highest demand came from qualified institutional buyers (QIBs), who subscribed their category a massive 240.79 times, according to data from the NSE.

Following this successful subscription, Northern Arc Capital is scheduled to finalize the share allotment status on Friday, September 20. Investors who participated in the IPO will be able to check their allotment status on various platforms, including the websites of BSE, NSE, and the IPO registrar, Kfin Technologies Limited.

pk9 1 Northern Arc Ipo allotment Status: Northern Arc Capital IPO Share Allotment is Expected on Sept 20, Here's How to Check Your Status Online

How to Check Northern Arc Ipo allotment Status?

Here’s a step-by-step guide on how to check the share allotment status:

On the BSE Website:

  1. Visit the official BSE website at bseindia.com.
  2. Navigate to the “Application Status” section or directly go to this link.
  3. Choose “Equity” as the Issue Type.
  4. Select “Northern Arc Capital Limited” from the dropdown menu.
  5. Enter your PAN or IPO application number.
  6. Click on “Search” to view your allotment status.

On the Kfin Technologies Website:

  1. Visit the Kfin Technologies website at kfintech.com.
  2. Click on “Investor Services.”
  3. Select “Public Issues” and find “Northern Arc Capital Limited” from the list.
  4. Choose an identifier (PAN, Application Number, DP/Client ID, or Account Number/IFSC).
  5. Enter the required details.
  6. Click “Submit” to view your status.

Investors can also check their allotment status on the NSE website by using their PAN or application number.

nor Northern Arc Ipo allotment Status: Northern Arc Capital IPO Share Allotment is Expected on Sept 20, Here's How to Check Your Status Online

Northern Arc Capital IPO Details

The ₹777-crore book-building issue of Northern Arc Capital Ltd. consisted of a fresh issue of 1.9 crore shares and an offer-for-sale (OFS) of 1.05 crore shares. The price band for the IPO was set between ₹249 and ₹263 per share. The IPO was launched on September 16, and the tentative listing date for Northern Arc Capital’s shares is September 24, with shares to be listed on both the NSE and BSE.

The company plans to use the net proceeds from the IPO to meet future capital requirements for onward lending.

Founded in 2009, Northern Arc Capital is a leading financial services provider that offers loans to underserved households and businesses across India. As of March 31, 2024, the company had facilitated over ₹1.73 lakh crore in financing, serving more than 10 crore customers. Its diversified business model focuses on MSME finance, microfinance, and consumer finance.

Read More: Western Carriers India IPO: Hurry Up! Western Carriers India IPO Deadline Extended Amid September 18 Bank Holidays

FAQs

When we can expect the allotment for Northern Arc Ipo?

We can expect Sept 20

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