Northern Arc Capital IPO allotment finalised: How to check status online on NSE, Kfin Technologies

Northern Arc Capital IPO allotment status has been finalised. The initial share received a strong 110.71 times the subscription, led by institutional investors.

The qualified institutional investors (QIBs) quota fetched 240.79 times the subscription, while the non-institutional investors (NIIs) portion garnered 142.28 times the subscription. The retail individual investors (RIIs) category attracted 30.74 times the subscription.

The ₹777-crore IPO, which had set a price band of ₹249-₹263 per share, was a mix of fresh issue of shares worth ₹500 crore and an offer-for-sale of shares valued at ₹277 crore.

Northern Arc Capital IPO allotment: How to check online on Kfin Technologies

• Visit Kfin Technologies's IPO status page- https://ris.kfintech.com/ipostatus/
• Select 'Northern Arc Capital'
• Fill in your application number/PAN/Demat account number
• Enter the captcha and click on submit

Northern Arc Capital IPO allotment: Steps to check status online on NSE

• Go to the allotment status page on the NSE website- www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Log in using your user id and password
• Choose 'Western Carriers'
• Verify your PAN and enter the IPO application number
• Click on the 'submit.'

Northern Arc Capital IPO: Listing date

After the finalisation of allotment, shares will be credited to the Demat account of successful investors on September 23. For unsuccessful bidders, the refund will be initiated on the same day. Northern Arc Capital IPO listing date is September 24.

Northern Arc Capital Limited is a leading diversified non-banking finance company (NBFC) that provides credit access to underserved households and businesses.