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Northern Arc Capital IPO
Our Company was incorporated on March 9, 1989 at Madras, India as ‘Highland Leasing & Finance Private Limited’, a private limited company under the Companies Act, 1956 and was granted a certificate of incorporation by the Registrar of Companies, Tamil Nadu at Chennai (“RoC”). The name of our Company was changed to ‘IFMR Capital Finance Private Limited’ and a fresh certificate of incorporation dated June 19, 2009 was issued by the RoC. Our Company was then converted into a public limited company under the Companies Act, 2013, and consequently, the name of our Company was changed to ‘IFMR Capital Finance Limited’ and a fresh certificate of incorporation dated December 12, 2017 was issued by the RoC. Subsequently, the name of our Company was changed to ‘Northern Arc Capital Limited’ and a fresh certificate of incorporation dated February 20, 2018 was issued by the RoC. For further details in relation to changes in the name and the registered office of our Company, see “History and Certain Corporate Matters” beginning on page 318. Our Company is registered with the Reserve Bank of India (the “RBI”) as a non-banking financial company (“NBFC”) not accepting public deposits (certificate of registration No. B-07.00430).
Issue Open | 16-09-2024 |
Issue Close | 19-09-2024 |
Allotment Date | 20-09-2024 |
Listing Date | 24-09-2024 |
IPO Price Band | ₹249 to ₹263 |
Minimum Share Bid | 57 |
Minimum Investment Amount | ₹14991 |
Total Issue Size | 2,95,43,727 shares (up to ₹777 Cr) |
Fresh Issue | 1,90,11,407 shares (up to ₹500 Cr) |
Offer For Sale | 1,05,32,320 shares (up to ₹277 Cr) |
Face Value | ₹10 Per Share |
Employee Discount | ₹24 per share |
Qualified Institutional Buyer [QIB] | 50% |
High Networth Individual [HNI] | 15% |
Retail Individual Investor [RII] | 35% |
Listed on | NSE BSE |
Listing Date | 24-09-2024 |
BSE Code | 544260 |
NSE Code | NORTHARC |
ISIN Code | INE850M01015 |
IPO Price | ₹ 263 |
Lot Size | 57 |
Expected Listing Price | ₹ 360 to ₹ 382 |
Book Profit | ₹ 429 |
Stop Loss | ₹ 345 |
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Financial Year | Total Asset | Total Revenue | Total Expenses | Profit |
---|---|---|---|---|
FY-2021 | - | - | - | - |
FY-2022 | 7,974.12 | 916.55 | 668.15 | 181.94 |
FY-2023 | 9,371.57 | 1,311.2 | 988.1 | 242.21 |
FY-2024 | 11,707.66 | 1,906.03 | 1,484.82 | 317.69 |
Earnings Per Share [EPS] | ₹ 34.61 |
Price/Earnings [P/E] Ratio | 23.28 |
Return on Net Worth [RoNW] | 13.32 % |
Net Asset Value [NAV] | ₹ 177.06 Per Share |
Application | Lot Size | Shares | Total Amount |
---|---|---|---|
Retail Min | 1 | 57 | ₹ 14,991 |
Small HNI | 14 | 798 | ₹ 2,09,874 |
Big HNI | 67 | 3,819 | ₹ 10,04,397 |
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