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Northern Arc Capital Limited
NORTHARC·263-263·Opens 2024-09-13
Price Band: 263-263
Min. Investment: ₹14,728
Issue Size: 777cr
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About the Company
What does this company do?
Incorporated in 2009, Northern Arc Capital is a diversified financial services platform catering to the diverse retail credit requirements of under-served households and businesses in India. The company has developed domain expertise in its focused sectors like micro, small, and medium enterprises (MSMEs) financing, mi…
IPO Details
Issue parameters, key dates and structure.
Key Risks
Material risk factors to consider before applying.
◆ Neutral
Should You Apply?
Incorporated in 2009, Northern Arc Capital is a diversified financial services platform catering to the diverse retail credit requirements of under-served households and businesses in India. The company has developed domain expertise in its focused sectors like micro, small, and medium enterprises (MSMEs) financing, microfinance (MFI), consumer finance, vehicle finance, affordable housing finance, and agricultural finance. The company has been operating in the MSME, MFI, and consumer finance sectors for over 14 years, 15 years, and nine years, respectively. It follows a multi-channel approach that includes: 1) Lending: The company does Intermediate Retail Lending where it lends to and guarantees the borrowings of its large network of financial institution partners, technology platforms (Fintechs), and other entities that act as business correspondents to originate financial exposure. It also does direct-to-customer lending where it extends loans directly to under-served households and businesses through a ‘phygital’ (physical plus digital) approach. 2) Placements: Through its technology platform, Nimbus, it works with a large network of investors across different investor classes who use the company as a platform to access opportunities to invest in under-served sectors in India. 3)Fund Management: The fund Management channel is operated through its subsidiary, NAIM where the company Manages debenture funds and provides portfolio management services with a total volume of Rs. 120,785.58 million spread across 10 alternative investment funds (AIFs) and three PMS as of March 31, 2024.
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IPO Timeline
Key milestones from opening to listing.
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Issue open date
2024-09-16
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Issue close date
2024-09-19
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UPI mandate deadline
2024-09-19
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Allotment finalization
2024-09-20
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Refund initiation
2024-09-23
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Share credit
2024-09-23
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Listing date
2024-09-24