Northern Arc Capital IPO: The allotment of shares of this NBFC IPO has been finalised on September 20. Investors can now check their shares allotment status through various mediums online such as on BSE, NSE, and even on the website of the registrar, Kfin Technologies. The latest GMP price signals a strong listing for Northern Arc.
Northern Arc Capital IPO Allotment Status:
Here's how you can check the share allotment status of Northern Arc Capital and whether you are eligible or not:
Step 2: Select the Other IPOs box. You will have the option of selecting any 1 of the 5 links on the website. Once clicked, you will be directed to the IPO allotment status page.
Step 3: Select the IPO Option. Click on Northern Arc Capital Limited.
Step 4: You can check your application status through three identification data. Either via 'Application No.' Or 'Demat Account' Or 'PAN card number'
Step 5: Enter the details of Application No, Demat Account Or PAN, and put the captcha code.
Step 6: Click on submit, and you will be directed to a new page which will indicate your status in the IPO.
To Check Your Application Status On BSE. Click On the link below:
Once directed to the page of IPO allotment of BSE, select ''Equity' under the option of 'Issue Type.' Select Northern Arc Capital in the ''Issue Name' dropdown, and enter your PAN card details. Again, to complete the process, add captcha verification and click on 'Search' to view the status of your application.
To Check Your Application Status On NSE. Click on the link below:
At NSE, investors will be required to log-in to their account using username and password. Notably, it is important to create your own account at NSE for reviewing your application status. Once logged in, select 'Arkade Developers' in the issue name section. Further, verify your PAN details, and provide your application number to know the status.
Northern Arc Capital IPO Latest GMP:
As per Investor Grain, Northern Arc Capital IPO last GMP is ₹128, last updated Sep 21st 2024 10:23 AM. With the price band of 263.00, Northern Arc Capital IPO's estimated listing price is ₹391 (cap price + today's GMP).The expected percentage gain/loss per share is 48.67%.
Northern Arc Capital Listing Date:
After the allotment of shares, the initiation or refunds or credit shares in investors' Demat accounts may take place on September 23.
This will be followed by listing on BSE and NSE on September 24.
Northern Arc Capital IPO Details:
The IPO opened on September 16 and closed on September 19. The 100% book building offer had a price band of Rs 249 per share to Rs 263 per share.
On the final day which was on September 19, the Northern Arc Capital IPO oversubscribed by a whopping 117.19x. Of the total, the portion reserved for qualified institutional buyers (QIB) oversubscribed by 242.73x, followed by 147.58x oversubscription by non-institutional investors. Also, retail bidders oversubscribed the reserved shares by 32.01x.
According to brokerage Indsec, At the upper price band, on post issue basis, Northern Arc Capital is valued at P/B of 1.5x on FY24 BVPS. The issue is priced attractively and its is available at a discount of 51% over its peers. The company has grown its NII/Total Income/PPoP/PAT at a CAGR of 63.2%/52.7%/38.1%/32.1% over FY22-24.
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