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Northern ARC Capital IPO

  • Status: Closed
  • RHP:
  • ₹ 14,193 / 57 shares

    Minimum Investment

Northern ARC Capital IPO Details

  • Open Date

    16 Sep 2024

  • Close Date

    19 Sep 2024

  • Listing Date

    24 Sep 2024

  • IPO Price Range

    ₹ 249 to ₹ 263

  • IPO Size

    ₹ 777.00 Cr

  • Listing Exchange

    BSE, NSE

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Timeline Financials SWOT FAQ Contacts

Northern ARC Capital IPO Timeline

Northern ARC Capital IPO Subscription Status

Last Updated: 29 September 2025 3:01 PM by 5paisa

Founded in March 1989, Northern Arc Capital provides a range of financial services aimed at meeting the credit needs of underserved households and businesses in India. Over the past 15 years, they have facilitated financing worth over ₹1.73 trillion, benefiting more than 101.82 million people by 31 March 2024.

The company operates through three main areas lending, placement and fund management. They use their own technology platform to offer efficient digital financing solutions focusing on sectors like micro, small and medium enterprises (MSME), microfinance, consumer loans, vehicle loans, affordable housing and agriculture. They have been active in these sectors for over a decade providing crucial credit access to underserved populations in India.

Peers

Five-star Business Finance Ltd
SBFC Finance Limited
Credit access Grameen Ltd
Fusion Micro Finance Ltd
Bajaj Finance Limited
Cholamandalam Investment And Finance Company Ltd
Poonawalla Fincorp Limited
Mas Financial Services Ltd
 

Northern ARC Capital Objectives

1. Meeting Working Capital Needs
2. General Corporate Purposes
 

Northern ARC Capital IPO Size

Types Size 
Total IPO Size ₹777 Cr
Offer For Sale ₹277 Cr
Fresh Issue ₹500 Cr

 

Northern ARC Capital IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 57 ₹14,991
Retail (Max) 13 741 ₹194,883
S-HNI (Min) 14 798 ₹209,874
S-HNI (Max) 66 3,762 ₹989,406
B-HNI (Min) 67 3,819 ₹1,004,397

 

Northern ARC Capital IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 242.73 58,01,354 1,40,81,33,928 37,033.92
NII (HNI) 147.54 43,51,016 64,19,67,459 16,883.74
Retail 31.90 1,01,52,384 32,38,93,038 8,518.39
Total 117.13 2,03,04,754 2,37,82,50,786 62,548.00

 

Northern ARC Capital IPO Anchor Allocation

Anchor Bid Date 13 September, 2024
Shares Offered 8,702,031
Anchor portion Size (In ₹ Cr.) 228.86
Anchor lock-in period end date for 50% shares (30 Days) 20 October, 2024
Anchor lock-in period end date for remaining shares (90 Days) 19 December, 2024

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 1,906.03 1,311.2 916.55
EBITDA 1163.57  890.72  668.64
PAT 317.69 242.21 181.94
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 11,707.66 9,371.57 7,974.12
Share Capital 89.39  89.03  88.91
Total Borrowings 9,047.76 7,034.57 5,982.96
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -2134.45 -1295.65 -1325.50
Net Cash Generated From / (used in) investing activities  36.05  -119.47 -385.52
Net Cash Generated From / (used in) financing activities 2045.46  927.95  2028.12
Net Increase (Decrease) In Cash And Cash Equivalents -52.94 -487.17 317


Strengths

1. Northern Arc Capital operates in a vast and underserved market, leveraging its deep knowledge in key sectors to meet diverse credit needs effectively.

2. The company has built a wide network of partners and uses its advanced technology platform to enhance its reach and impact, creating valuable connections and efficiencies.

3. The company is led by a professional management team and supported by a skilled Board and prominent investors, ensuring high governance standards.
 

Risks

1. Despite operating in a large and underserved market, Northern Arc Capital may face difficulties expanding its reach or encountering resistance in penetrating new segments.

2. Reliance on proprietary technology and data platforms introduces risks related to cybersecurity and technology failures, which could impact operations and customer trust.

3. Changes in financial regulations or non compliance with existing laws could pose risks, potentially affecting the company's operations and financial performance.
 

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FAQs

Northern Arc Capital IPO opens from 16 September to 19 September 2024.

The size of Arkade Developer's IPO is ₹777.00 crores.

The price of Northern Arc Capital IPO is fixed at ₹249 to ₹263 per share. 

To apply for Northern Arc Capital IPO, follow the steps given below:

1. Login to your 5paisa account and select the issue in the current IPO section    
2. Enter the number of lots and the price at which you wish to apply for the Northern Arc Capital IPO.    
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Northern Arc Capital IPO is 57 shares and the minimum investment required is ₹14,193.

The share allotment date of Northern Arc Capital IPO is 20 September 2024

The Northern Arc Capital IPO will be listed on 24 September 2024.

ICICI Securities Limited, Axis Bank Limited and Citigroup Global Markets India Private Limited are the book running lead managers for Northern Arc Capital IPO.

Northern Arc Capital plans to utilize the raised capital from the IPO for:

1. Meeting Working Capital Needs
2. General Corporate Purposes