Northern Arc Capital Share Price Highlights: Stock settles 7.9% lower after listing at 33% premium on NSE

4 min read | Updated on September 24, 2024, 15:39 IST

SUMMARY

Northern Arc Capital Share Price Highlights: The IPO, which had set a price band of ₹249 to ₹263 per share, was a mix of a fresh issue of shares worth ₹500 crore and an offer for sale (OFS) of up to 1,05,32,320 shares valued at ₹277 crore by investor shareholders.

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Northern Arc Capital is a non-deposit-taking non-banking finance company (NBFC).

Northern Arc Capital Share Price Live Update at 3:34 pm: Shares of Northern Arc Capital declined 7.9% to ₹322.3 apiece on the NSE.

Northern Arc Capital Share Price Live Update at 2:57 pm: Price information

Current price: ₹323.8 (-7.4%)
Issue price: ₹263
Open: ₹350
High: ₹350
Low: ₹308.2

Northern Arc Capital Share Price Live Update at 1:47 pm: How will the company use IPO proceeds?

The proceeds from the fresh issue will be used for future lending requirements.

Northern Arc Capital Share Price Live Update at 1:00 pm: Shares of Northern Arc Capital are trading at ₹318.2 apiece, down 9% from the listing price due to profit booking.

Northern Arc Capital Share Price Live Update at 12:25 pm: The market capitalisation of the company stands at ₹5,094.75 crore as the stock slides 9.4%.

Northern Arc Capital Share Price Live Update at 11:45 am: Shares of Northern Arc Capital slumped 10.2% to ₹314.2 on the NSE. It slid 10.5% to ₹313.9 on the BSE.

Northern Arc Capital Share Price Live Update at 11:21 am: Trading stats

Stock price: ₹322.5 (-7.8%)
Traded volume (Lakhs): 227.13
Traded value: ₹759.11 crore
Total market capitalisation: ₹5,200.45 crore

Northern Arc Capital Share Price Live Update at 11:00 am: Price information

Current price: ₹330.1 (-5.6%)
Issue price: ₹263
Open: ₹350
High: ₹350
Low: ₹321.3

Northern Arc Capital Share Price Live Update at 10:31 am: Northern Arc Capital shares are trading at ₹331 apiece, down 5.4%, after listing at a 33% premium on the NSE.

Northern Arc Capital Share Price Live Update at 10:12 am: After listing at a premium of 33%, Northern Arc Capital shares declined 7.7% to ₹322.7 apiece on the NSE.

Northern Arc Capital Share Price Live Update at 9:58 am: Northern Arc Capital shares made a stellar debut, listing at ₹350 apiece on the National Stock Exchange at a premium of 33% over the issue price of ₹263. It opened at ₹351, up 33.4%, on the BSE.

Northern Arc Capital Share Price Live Update at 9:45 am: Northern Arc Capital shares listed at ₹351 apiece on the BSE at a premium of 33.4% over the issue price of ₹263.

Northern Arc Capital IPO Listing Live Update at 9:30 am: What was Northern Arc Capital's CAGR growth in revenue and profit between FY22 and FY24?

Between the financial years 2021-22 and 2023-24, the company saw a CAGR (Compound annual growth rate) rise of 18% in its assets under management (AUM) and 20% in its profit.

Northern Arc Capital IPO Listing Live Update at 9:18 am: Financials

Particulars	FY22	FY23	FY24
Revenue	₹909 crore	₹ 1,304 crore	₹1,890 crore
Net Profit	₹181 crore	₹242 crore	₹317 crore

Northern Arc Capital IPO Listing Live Update at 8:43 am: Northern Arc Capital shares will debut on the NSE and the BSE at 10 am on Tuesday.

Northern Arc Capital IPO Listing LIVE: Shares of Northern Arc Capital will be listed on the stock exchanges - the National Stock Exchange (NSE) and the BSE- on Tuesday, September 24.

During the three-day bidding period from September 16 to September 19, the ₹777 crore initial share sale was subscribed 110.71 times led by institutional investors.

The qualified institutional buyers (QIBs) quota got subscribed 240.79 times, while non-institutional investors (NIIs) subscribed 142.28 times the part set aside for them. The retail individual investors (RIIs) portion fetched 30.74 times the subscription. The IPO allotment status was finalised on Friday, September 20.

The IPO, which had set a price band of ₹249 to ₹263 per share, was a mix of a fresh issue of shares worth ₹500 crore and an offer for sale (OFS) of up to 1,05,32,320 shares valued at ₹277 crore by investor shareholders.

The fresh issue proceeds will be utilised to meet future capital requirements towards onward lending.

Northern Arc Capital Share Price: About the company

Northern Arc Capital Ltd, established in 1989, is a key diversified financial services platform. The non-banking financial company (NBFC) finances micro, small, and medium enterprises (MSMEs), consumer finance, microfinance, vehicle finance, agricultural finance and affordable housing finance.

To learn more about IPO listings, schedules, and upcoming IPOs, click here.

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About The Author

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Northern Arc Capital Share Price Highlights: Stock settles 7.9% lower after listing at 33% premium on NSE

Northern Arc Capital Share Price: About the company

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