ipo

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 Details
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 Details
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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Company Financials
Financial YearTotal AssetTotal RevenueTotal ExpensesProfit
FY-2021----
FY-20227,974.12916.55668.15181.94
FY-20239,371.571,311.2988.1242.21
FY-202411,707.661,906.031,484.82317.69
Valuation
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
Lot Size
ApplicationLot SizeSharesTotal Amount
Retail Min157₹ 14,991
Small HNI14798₹ 2,09,874
Big HNI673,819₹ 10,04,397
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