Northern Arc Capital Limited is a leading non-banking financial company (NBFC) based in Chennai, Tamil Nadu. Established in 1989, the company focuses on providing financial inclusion by catering to the credit needs of under-served households and businesses. Northern Arc operates in the debt capital markets, connecting investors with institutions.
IPO Details
IPO Start Date: 16th September 2024
IPO End Date: 19th September 2024
Issue Price: ₹249 – ₹263 per share
Face Value: ₹10 per equity share
Lot Size: 57 Shares
Total Issue Size: Fresh Issue up to ₹5,000 million and Offer for Sale of up to 10,532,320 equity shares
Maximum Subscription for Retail Investor: ₹2,00,000
Maximum Subscription for Eligible Employee: ₹5,00,000
GMP Price (Grey Market Premium)
The GMP (Grey Market Premium) for Northern Arc Capital Limited IPO will be tracked and updated closer to the listing date. It reflects the demand and market sentiment for the company’s IPO.
Promoters
Promoter Name
Stake
Northern Arc Capital
No identifiable promoter
Northern Arc Capital does not have an identifiable promoter, making it a professionally managed company.
Financial Summary
Below is the financial summary based on the company’s restated financial statements
Revenue from Operations: For the year ending March 31, 2024, the company reported revenue of INR 18,900.84 million, an increase from INR 13,049.71 million in 2023.
Net Profit: The company achieved a net profit of INR 3,176.93 million in 2024, which improved from INR 2,422.14 million in 2023.
Total Assets: As of March 31, 2024, Northern Arc had total assets valued at INR 1,17,076.59 million, reflecting significant growth compared to INR 93,715.72 million in 2023.
Equity Share Capital: The equity share capital stood at INR 893.85 million in 2024, with no major changes compared to the previous year.
Other Comprehensive Income: In 2024, the company reported other comprehensive income of INR 201.71 million.
Loans: The total outstanding loan portfolio stood at INR 1,01,865.13 million as of March 31, 2024, showcasing an increase from INR 82,436.72 million in 2023.
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